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Tag Archives: Boeing

Boeing cutting more than 12,000 U.S. jobs with thousands more planned

Boeing sign. Airplane underbelly in background

REUTERS, MAY 27, 2020 In April, Boeing recorded zero orders for the second time this year WASHINGTON – Boeing Co (BA.N) said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in …

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Many favorite European goods hit by new US tariffs

PortandTerminal.com, October 18, 2019 A fresh round of U.S. tariffs on $7.5 billion in European goods takes effect Friday in retaliation for what the World Trade Organization decided were illegal EU subsidies for airplane maker Airbus. WASHINGTON, DC – The US imposed 25% tariffs on $7.5bn on some favorite goods from the European Union (EU) just after midnight in on October 17th. The …

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VIDEO: U.S. Navy’s drone fuel tanker makes first test flight

PortandTerminal.com, September 21, 2019 On Thursday, the U.S. Navy’s future unmanned aerial refuelling tanker passed its first test flight, marking a new milestone for carrier-based aviation. The Boeing-owned MQ-25 test unit – known as T1 – carried out an autonomous takeoff from MidAmerica Airport in Illinois for a two-hour flight.  The T1 is a rapid-development prototype aimed at giving the …

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TRADE: Is America ready for a major two-front trade war?

PortandTerminal.com, July 4, 2019 Donald Trump has threatened fresh tariffs on $4bn of European products including cheese, scotch whisky and olives, ratcheting up pressure on the EU in a long-running row over aircraft subsidies. Brussels, Belgium – With most of the oxygen in the room these days being consumed by the punishing China/United States trade war, it would be easy to overlook …

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