Boeing Posts Quarterly Loss on 787 Charges
Boeing Co. reported a fourth-quarter loss after taking a $3.5 billion pretax charge related to costs to fix its troubled 787 Dreamliner program. Chicago-based Boeing posted a net loss of $4.2 billion, or $7.02 a share, for the final quarter of 2021. That was an improvement from a loss of $8.4 billion, or $14.65, for the same period a year earlier.
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How you can measure plastic parts with CT quickly and accurately
What does an ideal plastic manufacturing process look like? What are typical challenges and issues with plastic parts? What needs to be considered in the manufacturing process? Receive all the answers in our free webinar. Join us Wednesday, February 9th, 2022 | 01:00 - 02:00 pm (CST) to learn more.
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General Motors Co. announced it would invest $7 billion at four manufacturing as part of its push to develop electric vehicles, the Detroit Free Press said. Plans include building a new EV battery plant.
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New orders for durable goods fell in December on decreases in orders for commercial and defense aircraft, the U.S. Commerce Department reported. Orders slid 0.9 percent for the month to $267.6 billion. That followed two consecutive monthly increases.
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Caterpillar Inc. reported an improved fourth-quarter profit as revenue increased and demand rose for the company’s heavy equipment. Deerfield, Illinois-based Caterpillar reported a quarterly profit of $2.12 billion, or $3.91 a share. That compares with a fourth-quarter 2020 profit of $780 million, or $1.42. Revenue for the quarter rose to $13.8 billion from $11.2 billion a year earlier.
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Allied Machine and Engineering, a manufacturer of holemaking and finishing cutting tools for the metal-cutting industry, has donated various boring bars and inserts to be used with a 1954 Wohlhaupter boring head on the USS Pampanito restoration project.
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The pandemic, climate change, and geopolitics are driving global manufacturing executives to focus even more than before on a twin transformation: smart digitization and a focus on environmental, social and governance, according to KPMG.
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Methods Machine Tools, Inc., a supplier of high-quality machine tools and automation systems in North America, began representing select Weiler products in North America effective Jan. 1.
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