Sign In
Free Newsletter
These 39 Va. companies made the 2024 Fortune 1000
Thirty-nine companies headquartered in Virginia are on Fortune magazine’s 70th annual Fortune 1000 list, with 24 Virginia companies again making the elite Fortune 500. Several of the Virginia companies saw their fortunes rise this year on the list, with top-ranked Virginia company Freddie Mac moving up nine spots to No. 36 on the overall Fortune […]
Boeing CEO to step down by end of year
In late March, Boeing President and CEO Dave Calhoun said he would step down by the end of the year. The announcement came amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air. […]
Flying off the glass cliff?
You’ve no doubt heard of the glass ceiling — the barrier above which women couldn’t rise professionally — but have you heard about the glass cliff? It’s not as familiar a term as the ceiling, but the glass cliff is real. It’s what happens when a woman or someone from another marginalized group is put […]
Boeing CEO Calhoun to step down by year-end
Amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air, Boeing announced Monday that its president and CEO, Dave Calhoun, would step down from his position leading the embattled Arlington County-based Fortune 500 […]
FAA probes Boeing’s possible role in 737 Max 9 cabin blowout
Nearly a week after a four-foot wall panel blew out of a Boeing plane cabin midair, exposing Alaska Airlines passengers to open air at 16,000 feet, the Federal Aviation Administration formally notified the Arlington County-based aerospace giant Wednesday that it will investigate the company’s potential role in the incident and whether it failed to ensure […]
Boeing receives $2.3B Air Force contract for tanker aircraft
Arlington County-based Boeing has received a $2.3 billion contract to build 15 more KC-46A Pegasus tankers for the Air Force. The Pentagon announced the award for production lot 10 of the tankers Tuesday. Boeing has 153 of the aerial refuelers under contract globally and has delivered 76 to the Air Force and two to Japan, […]
Federal Contractors | Technology 2023: THEODORE ‘TED’ COLBERT III
Recent years have been brutal for Boeing, which has dealt with supply-chain disruptions and delays in its defense programs. Named head of the world’s fifth largest defense contractor’s defense, space and security division in 2022, Colbert said in June at the Paris Air Show that he expected second quarter 2023 losses similar to this year’s […]
Federal Contractors | Technology 2023: DAVID CALHOUN
Boeing encountered some issues this spring in producing its 737 Max and 787 Dreamliner planes, due to manufacturing problems, which has contributed to an industrywide shortage of new jets. In a May Bloomberg interview, Calhoun, who heads the world’s fifth largest defense contractor, said that supply chain disruptions to the aerospace industry could continue “for […]
Virginia’s Fortune 500 companies
This year, 24 Virginia companies made the Fortune 500 list of the nation’s 500 largest publicly traded companies in the United States by total revenue. The commonwealth had three more Fortune 500 companies in 2023 than last year, largely due to aerospace and defense contractors RTX (formerly Raytheon Technologies Corp.) and Boeing Co., which both […]
36 Va. companies make 2023 Fortune 1000 list
Thirty-six Virginia-based companies made Fortune magazine’s 69th annual Fortune 1000 list, notably including newcomers to the commonwealth Raytheon Technologies Corp. and Boeing Co. as Virginia’s second and third highest-ranking companies. Freddie Mac remained Virginia’s top-ranked company, at No. 45, and 24 Virginia companies made this year’s elite Fortune 500 list. Released Monda[...]
Boeing reaches $40B deal with Ryanair
Irish air carrier Ryanair plans to order as many as 300 Boeing 737 MAX-10 aircraft from Arlington County-based Fortune 100 contractor Boeing Co. in a $40 billion deal, the two companies announced Tuesday. Subject to approval by Ryanair’s stockholders, the deal includes a firm order from the airline for 150 aircraft and an option for […]
Boeing lands $313.4M Super Hornet life extension contract
Arlington-based Boeing Co. has received a $313.4 million contract modification to upgrade and extend the service life of 25 Navy Super Hornet jet fighters, the Pentagon announced Wednesday. The contract includes non-recurring engineering, system engineering program management and Block III avionics upgrades to extend the service life up F/A-18 E/F Super Hornets from 6,000 flight […]
