Joby Aviation (NYSE: JOBY)a developer of electric vertical takeoff and landing (eVTOL) aircraft, closed at a record high of $20.39 per share on August 4, 2025. At that time, Joby impressed the market with its technological advantages, strong partnerships, and clear plans to commercialize its first air taxi flights. The Federal Reserve’s interest rate cuts…
Feb 17 (Reuters) – Defense contractor Leidos Holdings reported fourth-quarter revenue below Wall Street estimates as the six-week U.S. government shutdown last year hit the company’s orders. The shutdown, the longest in the country’s history, ended in November after severely disrupting government operations and affecting contractors like Leidos, which provides IT, weapons and other services…
Aircraft developer Archer Aviation (ACHR) recently signed an agreement with Saudi Arabia’s General Authority of Civil Aviation (GACA) to accelerate the deployment of air taxis in the country. This development aims to establish a regulatory framework that allows the introduction and expansion of air taxi deployment. This may also be a step towards commercializing the…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration on Friday delayed flights at airports in Austin, Newark and Nashville as air traffic control staffing issues continue to ground flights and the government shutdown enters its 31st day. At least nine FAA facilities were facing staffing issues Friday and the agency said it would…
Flights to Los Angeles International Airport halted due to air traffic controller shortage Source link
The Federal Aviation Administration recently approved Boeing to increase its 737 MAX production rate from 38 to 42 planes per month, reflecting renewed regulatory confidence after previous manufacturing and safety issues. This increase in production capacity, along with operational improvements and leadership changes, indicates that Boeing is moving toward resolving past challenges and focusing on…
The Dow Jones will open lower on Monday due to issues with Boeing, and there is uncertainty about interest rate changes affecting other major US stock indexes. Boeing is in a bit of a slump, down 6.2% before the market even opens. This drop comes after the US Federal Aviation Administration (FAA) told them to…
By David Shepardson and Dan Catchpole WASHINGTON (Reuters) – Boeing may increase 737 MAX production to 42 planes per month after the Federal Aviation Administration lifted the 38-plane-per-month limit that had been in place since January 2024, the agency and the planemaker said on Friday. The FAA imposed the unprecedented production limit shortly after a…
