BA

There’s a lot of buzz about flying taxis, even though none are buzzing overhead.Investors are pouring capital into start-ups racing to develop new electric aircraft that take off and land vertically like a helicopter but fly horizontally like an airplane. Major airlines are investing in some of these start-ups, betting that they will one day zip passengers between airports and city centers much faster than cars or public transit.…

Boeing Co. BA 5.82% ’s troubled project to replace Air Force One is getting costlier, both for the plane maker’s shareholders and U.S. taxpayers who will have to pay to keep the president’s aging jets flying longer.The Arlington, Va., aerospace company said it expects to lose $766 million more on the high-profile, years-late project to transform two 747-8 jumbo jets into flying White Houses, bringing its total losses related to the effort to nearly $2 billion, according…

Boeing Co. BA 5.55% executives on Wednesday said they planned to restore the plane maker’s financial strength over the next three years, after a string of losses in the wake of two 737 MAX crashes and other problems. Boeing Chief Financial Officer Brian West said the company expects to generate about $100 billion in annual sales by 2025 or the next year, a level it hasn’t reported since 2018. The first of…

SpaceX launched its largest rocket for the first time in three years, carrying toward orbit a classified payload for the U.S. Space Force. The Falcon Heavy rocket, which SpaceX has said is the world’s largest operational space launch vehicle, lifted off Tuesday from a fog-shrouded Kennedy Space Center in Florida. The mission is the 50th launch this year by Space Exploration Technologies Corp., the formal name for the company led by founder Elon Musk.…

SpaceX launched its largest rocket for the first time in three years, carrying toward orbit a classified payload for the U.S. Space Force. The Falcon Heavy rocket, which SpaceX has said is the world’s largest operational space launch vehicle, lifted off Tuesday from a fog-shrouded Kennedy Space Center in Florida. The mission is the 50th launch this year by Space Exploration Technologies Corp., the formal name for the company led by founder Elon Musk.…

Airbus EADSY -0.15% SE plans to ramp up production over the course of next year, despite persistent supply-chain disruption, as the European plane maker extends its lead over rival Boeing Co. BA 4.46% in the crucial market for smaller jets.The Toulouse, France-based company on Friday confirmed plans to lift production of its A320 aircraft to 65 a month by early 2024 from about 50 a month at the end of this year, one of…

Southwest Airlines Co. LUV 2.68% said strong travel demand continues to bolster profit, but cautioned that delays in deliveries of Boeing Co. BA 5.42% jets are likely to continue into 2024. Southwest is the latest in a series of airlines to flag snarled aircraft deliveries as a limiting factor as they race to keep up with appetite for travel that shows little signs of easing.…

Boeing Co. BA 3.24% said its losses deepened in the third quarter as fresh problems with its defense business added to supply chain and regulatory woes in its commercial jet arm. The Arlington, Va., aerospace giant reported a loss of $3.3 billion, compared with a loss of $132 million in the third quarter last year. Its results were weighed by $2.8 billion in charges related to programs including its troubled military refueling tanker…

Companies behind NASA’s Artemis moon program—including SpaceX, Boeing Co. BA 0.52% and Lockheed LMT 0.63% Martin Corp.—are working on future missions as the agency prepares to try to get its first lunar rocket off the ground next month. Lockheed Martin said last week that the National Aeronautics and Space Administration ordered three more of the Orion spaceship it has developed, and…

Families of people who died in two Boeing 737 MAX crashes have rights as crime victims under federal law and may continue to challenge last year’s settlement that spared the company from prosecution, a federal judge in Texas found. Ruling in a challenge brought by the families, U.S. District Court Judge Reed O’Connor in Fort Worth, Texas, said they have standing to question the January 2021 agreement with the Justice Department because…