Air Force One deal leaves Boeing $1bn short
Boeing says they’ve learnt their lesson after falling three years behind schedule on US aircraft build
Boeing is feeling the burn after signing a contract to supply the US with a new Air Force One aircraft. Read more.
The build has now cost the planemaker almost $1 billion in charges, and is three years behind schedule.
The company’s defence chief, Ted Colbert, says there’s been “lessons learned,” after deliveries were pushed back on two planes to 2026 and 2027.
Colbert admits these types of contracts are challenging.
Air Force One involves a very unique negotiation and a very unique set of risks he says Boeing shouldn’t have taken.
The Boeing 747-8s used by the administration are designed to be an airborne White House… able to fly in worst-case security scenarios, such as nuclear war.
They are modified with military avionics, advanced communications and a high-tech self-defence system.
Falling in love with stocks with Nick Quinn
On this week’s episode of Talk Ya Book, Chris Judd is joined by Spatium Capital’s Nick Quinn to discuss the why investors fall in love with stocks, when to sell and why three of his choices are performing strongly.
Proudly presented by Honan.
Bank battering sees mess start to clean up
What will the future of the banking sector look like?
The once-mighty banking sector has taken a battering over the past month.
From two U.S. banks closing down, to one in Switzerland merging with its biggest rival, the sector has sent shockwaves throughout financial markets around the world.
And another European Bank could be following suit.
But, what will the future of the industry start to look like, once the mess has been cleaned up?
Founder and CEO of Umee, Brent Xu, joined us to discuss.
Disney to axe 7,000 jobs
The Mouse House will deliver two rounds of layoffs
Disney has announced it will begin to axe 7,000 jobs, as it seeks to control costs and create a more “streamlined” business.
Several major divisions of the company, including Disney Entertainment, Disney Parks, Experiences and Products, and corporate, will be impacted.
Disney will begin notifying the first group of employees who are impacted by the workforce reductions over the next few days.
A second, larger round of job cuts will happen in April, with several thousand more staff reductions.
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