Boeing Generates $21 Billion Through Stock Offering and Secures 787 Dreamliner Order with LATAM Airlines
Description
Boeing has announced the pricing of upsized concurrent offerings of its common stock and depositary shares, a move designed to bolster the company's financial position. Through this capital raise, Boeing successfully generated approximately $21 billion. This financial strategy aims to strengthen Boeing's liquidity, reinforcing its ability to navigate current financial challenges and invest in future growth.
Simultaneously, Boeing and LATAM Airlines Group unveiled a new order for ten 787 Dreamliners. This transaction underscores the continued demand for Boeing's 787 series, known for its fuel efficiency and advanced technology, offering airlines significant operational benefits. The order solidifies Boeing's relationship with LATAM and marks an essential advancement for both companies in enhancing their fleet and operations.
Boeing has secured a significant contract from the U.S. government, valued at $2.4 billion, to construct 15 KC-46A tanker aircraft. This deal enhances Boeing's existing orders for the KC-46A, a military refueling aircraft based on the design of the commercial 767 airliner. The agreement...
Published 11/22/24
Boeing CEO Kelly Ortberg, who joined the company in August, has emphasized to employees the critical importance of accountability and diligence to prevent further mishaps. Addressing the workforce, Ortberg cautioned that Boeing cannot afford another mistake, highlighting the need for immediate...
Published 11/21/24