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Boeing delivered a record number of commercial airplanes last year, the company reported Tuesday, firing up a rally in the company's stock. The aerospace giant delivered 763 planes, one more than its previous high set in 2015. The company's stock rallied after the report, closing up 2.7 percent at $318.43 and leading the Dow industrials higher. Boeing, whose shares have more than doubled over the last 12 months, said it booked orders for 912 commercial airplanes, the seventh highest annual total for the company.

Southwest Airlines has exercised options for 40 Boeing 737 Max aircraft, and deferred the majority of its 737 Max 7 orders to 2023 and beyond. The Dallas-based low-cost giant is boosting its orderbook as it expects a $1 billion to $1.5 billion reduction in income tax expenses in the fourth quarter of 2017, following the recent tax reform bill. Southwest will receive 15 of the 40 additional 737 Max 8s in 2019 and the remaining 25 in 2020, it says. The airline has also deferred deliveries of 23 737 Max 7s - the majority of its 30-aircraft order for the...

Airlines, it turns out, prefer the fuel efficiency of smaller planes like the Boeing 777 to the pack-em-in capacity of the Airbus A380. As a result, Airbus hasn’t scored any new orders for an A380 in more than a year. Its big plan to turn things around? Launch a new version, make it cheaper to fly, and slap on some winglets. This week at the Paris Air Show, Airbus announced the revamped “A380plus,” a refresh that packs even more passengers into the super-jumbo and tweaks the wing design. The upswept winglets found on most modern airliners boost fuel efficiency by...

Hours after landing a massive tax windfall, AT&T, Comcast, Wells Fargo and Boeing — among other major companies — announced plans Wednesday to share a fraction of their bounty with workers. The moves pleased President Donald Trump, who has claimed his $1.5 trillion in tax cuts that largely favor the wealthy and businesses would ultimately help the middle class. But Democratic lawmakers and corporate watchdogs say the move is a public relations stunt that pales in comparison to the profits the companies’ shareholders and executives will reap because of the lower tax rates. The stock market, as well, has risen...

Some of America’s biggest companies are launching new initiatives to benefit employees after the GOP-led House of Representatives approved the largest tax reform bill in three decades this week. The $1.5 billion tax bill reduces the corporate tax rate from 35% to 21% and changes the way the U.S. government taxes companies that also operate internationally. The new plan, which is expected to be signed by President Donald Trump by January at the latest, is being hailed as a major victory for corporations and wealthy Americans. FOX Business breaks down how employees at some major companies are benefitting from the...

Expect a stampede of companies handing out bonuses, raising pay, spending on capital projects and giving to charities, with the windfall from the massive corporate tax cuts passed Wednesday. In the hours after Congress the GOP tax cut plan, a handful of companies jumped to announce plans to share some of the proceeds on their employees and spend on infrastructure. AT&T was first out of the gate, saying it would give more than 200,000 unionized employees a special bonus of $1,000 once the tax bill is signed. The company also said it would increase its capital expenditures by $1 billion....

One of the broadest provisions on the Republican-backed tax bill working its way through congress this week is a massive tax cut for corporations. And if the legislation is approved, Dallas-based Southwest Airlines may put some major fleet upgrades in the pipeline. According to Bloomberg, Gary Kelly, the CEO of Southwest Airlines suggested that the tax cut "puts us in a position to think about growing faster" and "gives us an opportunity to begin to modernize our fleet." Southwest's fleet is uniquely made entirely up of variants of the Boeing 737, which makes maintenance easier for the carrier but which...

Boeing's defense arm is set to unveil a mysterious new plane - and says it will 'change future air power' The aerospace giant's defense arm teased the new craft, covered in a black cloth. It is believed to be a radical new craft using electric 'hairdryer' to allow it to land and take off vertically. Boeing will unveil their mystery aircraft on December 19th.

Executives from major airplane manufacturers Boeing and AirBus will reportedly head to Iran next week to hammer down multi-billion dollar deals to sell the Islamic Republic a new fleet of commercial planes amid a congressional crackdown on Tehran's continued use of commercial aircraft to transport weapons and terrorist fighters across the region. As controversy continues to swirl around Boeing's and AirBus's efforts to sell Iran a fleet of new jets, Congress has taken steps to mandate the U.S. government release public reports outlining Tehran's continued use of commercial aircraft for illicit terrorism purposes.

BERLIN (Reuters) - The German Defence Ministry said on Monday that the European fighter jet was the leading candidate to replace its Tornado jets, which it wants to start phasing out in 2025. The ministry’s position appears to contradict that of the German air force, whose chief indicated last month that he preferred Lockheed Martin’s F-35, which meets the military’s requirements of stealth and long-distance operational capabilities. In a letter to a Greens lawmaker who had inquired about the deliberations, the ministry said the F-35 and Boeing’s F-15 and F-18 fighters were secondary options. “The indicated view of the inspector...

Lockheed Martin (LMT) announced today that its board of directors has elected Jeh C. Johnson and James D. Taiclet, Jr. to the board effective January 1, 2018. Johnson, 60, is a partner at the international law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. Previously, he served as U.S. secretary of homeland security as part of an exemplary career of public service. He also served as general counsel of the U.S. Department of Defense and the U.S. Department of the Air Force. He's currently a director of PG&E Corporation (PCG). Taiclet, 57, is chairman, president and chief executive officer...

Boeing CEO Dennis Muilenburg was speaking on CNBC today when host Jim Cramer asked whether Boeing or SpaceX would "get a man on Mars first." "Eventually we're going to go to Mars, and I firmly believe the first person that sets foot on Mars will get there on a Boeing rocket," Muilenburg said, according to Fortune. Boeing is the main contractor for the first stage of NASA's giant Space Launch System , which is designed to launch astronauts on deep-space missions using the space agency's new Orion spacecraft. (United Launch Alliance, Orbital ATK and Aerojet Rocketdyne are also SLS contractors.) NASA...

On Thursday, Virgin Orbit won a contract from the Air Force to carry "technology demonstration satellites" on its LauncherOne rocket by early 2019. The LauncherOne rocket will be "air launched" from a modified Boeing 747 called "Cosmic Girl." The contract follows Branson's quiet launch earlier this month of Vox Space, a subsidiary of Virgin Orbit, that will focus on military contracts. While there is plenty of room in space, the launchpad is becoming more crowded. That's good news for the Pentagon as it looks toward increased competition and embracing new technology like reusable rockets to lower launch costs. United Launch...

Last week, Boeing confirmed the purchase by China of 300 planes for the listed price of $37 billion. This deal occurred without any backing from the infamous Export-Import Bank of the United States -- an outfit that lowers the cost of borrowing for foreign companies when they buy some American goods, such as Boeing aircraft. This is interesting because anyone listening to many lawmakers and the special interests that used to benefit from the Ex-Im Bank (e.g., Boeing, General Electric and the National Associations of Manufacturers) wouldn't know that such trade is possible in an era when the agency has...

The six fully enclosed cabins for its Boeing 777 jets feature seats that recline into flat beds and a 32-inch television. These virtual windows - which are used in some cruise ships - project the view from outside the aircraft using real-time camera technology. "Emirates pioneered the First Class private suite concept back in 2003, and today it's the industry benchmark when it comes to first class travel". Emirates, the largest airline in the world, unveiled a new first class suite on the first day of the Dubai Air Show for its Boeing 777 fleet- and said it is rolling...

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates purchased 40 American-made Boeing 787-10 Dreamliners on Sunday at the start of the biennial Dubai Air Show, a $15.1 billion deal certain to please U.S. President Donald Trump who has touted the plane's sales as a job creator in America. The deal appeared to surprise Boeing's archrival Airbus, whose staff had attended a long-delayed news conference and left the room just moments before the announcement. Airbus has pinned hopes of continuing production of its double-decker jumbo jet on Emirates, the world's largest operator of the aircraft which took delivery of its...

It is known as the Queen of the Skies - the world's first jumbo jet that forever changed the face of plane travel. And on Tuesday United Airlines' last Boeing 747 was given a send-off befitting royalty as the last aircraft in the company's service completed its final flight. United Flight 747 took off from San Francisco airport around midday bound for Hawaii, the same route the company's first version of the aircraft flew back in 1970. Tickets for the specially chartered voyage sold out within hours of being released, according to USA Today, despite selling for upwards of $550...

In an exclusive interview with Al Arabiya on the sidelines of the Future Investment Initiative, Boeing President Bertrand-Marc (Marc) Allen said the manufacturing of F15 aircraft wings and other military aircraft parts would take place inside Saudi Arabia. “We need to get you out to our al-Salam subsidiary here in the Kingdom. We’re building wings for F-15s, we’re building fuselage parts. We are doing massive conversions where we’re taking older F-15s and converting them to brand new F-15SAs,” Allen told Al Arabiya’s Maya Jureidini during an exclusive interview from Riyadh. “All of this (are) pretty advanced manufacturing, a lot of...

The administration of Pres. Donald Trump is considering whether to disallow the sale of Boeing passenger planes to Iran.  This hideous addendum to the horrendous P5+1 deal with Iran, where the U.S. was the most important signatory, was another one of Pres. Barack Obama's expressions of "goodwill" to the murderous, anti-American regime of crackpot ayatollahs.  Jonathan S. Tobin, writing at the time of the transaction with Boeing, tells us, "Not only has Boeing gotten into bed with terrorists, the same can be said of those who are counting on all the new business ties changing the nature of a terrorist...

WASHINGTON — President Donald Trump says Singapore’s purchase of nearly $14 billion worth of Boeing aircraft will create 70,000 jobs in the U.S. Kevin McAllister, president and CEO of Boeing Commercial Airplanes, and Singapore Airlines CEO Goh Choon Phong signed paperwork at the White House on Monday as the country’s prime minister, Lee Hsien Loong, and Trump looked on. Lee is at the White House for talks with Trump. The agreement includes 39 airplanes: 20 777-9s and 19 787-10s. Singapore Airlines also has options for 12 more planes. The order was previously reported to an unidentified customer.