Boeing, the American multinational company that designs, manufactures, and sells airplanes, rockets, satellites, and security systems, has announced plans to lay off 17,000 employees, which amounts to 10% of its global workforce, in a cost-cutting initiative as the company plans to stay competitive and address its financial woes following a $5 billion USD loss in…
Boeing: $4.7 Billion Spirit Aero Acquisition
The Boeing company is an American multinational company founded in 1916 and headquartered in Crystal City, Virginia. It designs, manufactures, and sells airplanes, rockets, satellites, security systems, and missiles worldwide. According to reports, Boeing has announced plans to acquire Spirit AeroSystems in an all-stock deal valued at $4.7 billion USD to solidify its position in…