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Boeing allegedly ripped off the government by overcharging almost 8,000% for soap dispensers

Quartz

qz.com › boeing-soap-dispensers-audit-c17-1851685064

Boeing (BA) is not in trouble for money laundering, but the U.S. military is accusing the planemaker of some fiscal funny business involving cleaning supplies. An audit released by the Department of Defense on Tuesday found that the company was overcharging the government for spare soap dispensers on C-17 cargo planes.

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The Boeing strike is an existential threat, Boeing says

Quartz

qz.com › boeing-stock-sale-prospectus-strike-explainer-1851682751

As it treads water awaiting the end of its machinists’ strike, Boeing (BA) just formally announced Monday that it’s raising $19 billion in a stock offering. And in the prospectus for that share sale, it lays out exactly how immensely the work stoppage looms in its conception of the future.

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Boeing is looking for an escape hatch from the space business

Quartz

qz.com › boeing-nasa-space-business-1851681727

Boeing (BA), the aerospace company with a storied past of working with NASA, is exploring a sale of its space-focused programs, including its Starliner space vehicle and International Space Station (ISS) operations.

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Striking Boeing workers reject a new contract offer, extending a costly month-long strike

Quartz

qz.com › boeing-strike-iam-machinists-contract-vote-results-1851679252

Boeing’s (BA) more than month-long machinist strike is not over. Members of the International Association of Machinists and Aerospace Workers, the union representing the striking employees, on Wednesday voted down a contract that offered a 35% raise and was an improved version of the troubled plane maker’s “best and…

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Boeing will keep bleeding cash through all of next year

Quartz

qz.com › boeing-earnings-q3-negative-cash-flow-strike-1851679329

Boeing (BA) presented earnings Wednesday, and they were not good; the company lost $6 billion on $17 billion in revenue amid an ongoing machinists’ strike that is bringing operations to a crawl. But maybe the most important number in the planemaker’s business update is its free cash flow: $2 billion leaked from…

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