Future battlefields will be shaped by AI weapons that defense firms and Big Tech are vying to build for the military. Guardrails are lagging.
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There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Boeing is considering a sale of its space unit, among other assets. The news comes as its bottom line grows more tenuous.
Boeing announced 17,000 layoffs, a delay to the launch of its 777X passenger jet, and billions in charges related to ongoing strikes.
It was only last year that 737 felt like the number of scandals Boeing was embroiled in, rather than the name of its narrow-body aircraft.
Days after industrial workers in its Pacific Northwest plants voted to approve a labor strike, Boeing instituted a hiring freeze.
Boeing reached a tentative deal with the union representing its production workers in Washington state, likely dodging a strike.
Airbus hasn’t been able to capitalize much on Boeing’s misfortunes thanks to its own workforce and supply chain issues.
The embattled aviation giant announced last week that it had sustained its best production levels in two years.
Though AI has the potential to make troubleshooting issues a much more streamlined process, models still often face accuracy issues.
Boeing has pleaded guilty to a felony charge of conspiring to defraud the federal government after two 737 MAX crashes that killed 346 people.
Boeing has agreed to buy one of its biggest suppliers, Spirit AeroSystems, for $4.7 billion, about 20 years after selling it.
It’s basic Newtonian physics, as Boeing just learned: When the sky falls for a company, so, too, will the bottom line.
Elliot is calling on the company to replace CEO Bob Jordan, revise its board of directors, and conduct a comprehensive business review.