NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Boeing temporarily shifts some engineers to help focus on commercial planes

Published 06/20/2024, 03:49 PM
Updated 06/20/2024, 05:45 PM
© Reuters. FILE PHOTO: Signage for Boeing is seen on a trade pavilion at the Farnborough International Airshow, in Farnborough, Britain, July 19, 2022. REUTERS/Matthew Childs/File Photo
BA
-

(Reuters) -Boeing is temporarily shifting some engineers away from its experimental X-66A plane project to help support commercial development programs and speed up deliveries of existing jets, the planemaker said on Thursday.

The X-66A project is an experimental plane being co-developed by NASA and Boeing (NYSE:BA) that is focused on helping the U.S. achieve its goal of net-zero aviation greenhouse gas emissions.

"It is critically important that we meet our commitment to customers on 737-7, 737-10, 777-9 and 777-8F and on airplane deliveries," Boeing told Reuters in an emailed statement.

Boeing is trying to ramp up jet production and meet delivery schedules as it navigates safety concerns after it came under scrutiny following a mid-air incident involving an Alaska Airlines-operated MAX 9 jet.

© Reuters. FILE PHOTO: Signage for Boeing is seen on a trade pavilion at the Farnborough International Airshow, in Farnborough, Britain, July 19, 2022. REUTERS/Matthew Childs/File Photo

With the X-66A jet, NASA and Boeing aim to develop a new generation of more sustainable single-aisle aircraft. The jet will feature extra-long, thin wings stabilized by diagonal struts, known as a "transonic truss-braced wing" concept.

Boeing said it had discussed the plan with NASA and the U.S. space agency offered additional personnel to help maintain progress on the X-66.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.