Latest news with #BarclaysIndustrialSelectConference
Yahoo
20-02-2025
- Business
- Yahoo
Trump bashes Boeing over Air Force One delays as Elon Musk tries to speed things up
President Donald Trump again expressed his frustration over Boeing's (BA) failure to deliver replacements for Air Force One, which were expected to be handed over to the federal government last year. 'We're getting a new Air Force One if they can ever finish the damn thing,' Trump said while speaking at a Wednesday event hosted by Saudi Arabia's Public Investment Fund. 'But we may have to go a different route actually because it's taking them a long time.' Earlier, on Tuesday, he said on Fox News that Boeing is 'actually in default,' complaining that 'we don't build the way we used to build' and bashing environmental regulations. The New York Times (NYT) reports that Trump regards Boeing as a lost cause. The Air Force has already committed to paying Boeing $3.5 billion of the up to $4,3 billion contract to modify two 747 jumbo jets. Trump was personally involved in negotiating the contract, which was signed in 2018. At the time, he bragged that 'Boeing gave us a good deal,' while the aerospace company said it was 'proud' to build the jets 'at outstanding value to taxpayers.' But Boeing's plans have changed and been delayed over the years. After the 747 production line ended in 2022, the company moved to retrofit two planes it had already built for a different buyer, rather than a custom build. Boeing has also faced a number of issues directly related to the project, such as when the company discovered that some 250 employee's security credentials lapsed or bottles of tequila were found on one of the jets. Boeing has said it lost more than $2 billion on building the new Air Force One planes. Former Boeing CEO Dave Calhoun said in 2022 that the contract presented a 'very unique set of risks that Boeing probably shouldn't have taken.' Trump has directed SpaceX and Tesla (TSLA) CEO Elon Musk, who has been given unofficial leadership over the Department of Government Efficiency and immense access to the federal government, to work with Boeing to hasten work on the project. Musk has been involved since at least November, according to The New York Times. 'The president is clearly not happy with the delivery timing — I think he's made that well known,' Boeing CEO Kelly Ortberg said Thursday at the Barclays Industrial Select Conference. 'Elon Musk is actually helping us a lot in working through the requirements' to help Boeing move faster. Although Boeing's executives have indicated they may not be able to deliver the new jets during Trump's second term, Musk wants at least one of them to be delivered within a year, the Times reported. Both Musk and Boeing want to remove the top-security clearance requirements for at least some of the workers involved. Musk has also questioned how much time is needed to flight-test the planes and called the designs for the new models over-engineered with unnecessary features, the Times reported, citing people familiar. 'We are making progress, significant progress, in improving the delivery time,' Ortberg said. 'I'm all in on trying to pull these airplanes up and get the president his airplanes.' For the latest news, Facebook, Twitter and Instagram.
Reuters
20-02-2025
- Business
- Reuters
Boeing CEO doesn't see immediate supply chain snags on 737 MAX target
Feb 19 (Reuters) - Boeing's (BA.N), opens new tab supply chain for the 737 MAX is in good shape as the U.S. planemaker aims to grow output of its strongest-selling jet to 38 a month by mid-2025, CEO Kelly Ortberg said on Thursday. Ortberg told analysts and investors at the Barclays Industrial Select Conference that he doesn't see any supply chain constraints right now that are going to stop the planemaker from ramping up here to the 38 a month. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here.
Bloomberg
19-02-2025
- Business
- Bloomberg
JetBlue Will ‘Absolutely' Pursue a Deal After Failed Tie-Ups
JetBlue Airways Corp., which had two recent tie-ups with other carriers blocked by federal courts, is ready to craft another alliance if the right terms are found, the airline's president said. 'We're talking to other airlines,' Marty St. George said Wednesday at the Barclays Industrial Select Conference. 'If we find a deal that's accretive, we will absolutely do it. I certainly do think a partnership would be good for JetBlue.'
Yahoo
12-02-2025
- Business
- Yahoo
Dover to Present at the Barclays Industrial Select Conference
DOWNERS GROVE, Ill., Feb. 12, 2025 /PRNewswire/ -- Dover Corporation (NYSE: DOV) announced that its President and Chief Executive Officer, Richard J. Tobin, will speak at the Barclays Industrial Select Conference in Miami Beach, Florida, on Thursday, February 20, 2025, at 8:05 am ET. A link to the live audio webcast of the presentation will be available on and the replay will be archived on the website for 90 days. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at Investor Contact:Jack DickensVice President – Investor Relations(630) 743-2566jdickens@ Media Contact:Adrian SakowiczVice President – Communications(630) 743-5039asakowicz@ View original content to download multimedia: SOURCE Dover Sign in to access your portfolio
Associated Press
10-02-2025
- Business
- Associated Press
HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES
CHARLOTTE, N.C., Feb. 10, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced its participation at upcoming investor conferences in February. Vimal Kapur, chairman and chief executive officer of Honeywell, will present at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida, on Tuesday, February 18, 2025, from 8:00 a.m. - 8:40 a.m. EST. Mr. Kapur will also present at the Barclays Industrial Select Conference in Miami, Florida on Wednesday, February 19, 2025, from 7:30 a.m. - 8:00 a.m. EST. Real-time audio webcasts of the presentations can be accessed at where related materials will be posted prior to the presentations and replays of the webcasts will be available for 30 days following the presentations. Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation, and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit Honeywell uses our Investor Relations website, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.
