Reported about 1 month ago
Boeing, struggling to return to profitability since 2018 and having lost around $25 billion, is taking significant steps to raise funds by selling off parts of its business. Recently, the company completed the sale of its small defense subsidiary, Digital Receiver Technology, to Thales Defense & Security and plans to implement job cuts and delay new aircraft launches. These moves come amid ongoing production challenges due to strikes and aim to stabilize Boeing's financial situation over the next three years.
Source: YAHOO