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[ad_1] Boeing Co.'s chief executive officer says it's a matter of when — not if — self-flying planes will debut in commercial aviation. The planemaker's autonomous flight technology being developed for military applications will eventually appear on commercial aircraft in the future, Dave Calhoun said in a Bloomberg TV interview. “Autonomy is going to come to all of the airplanes eventually,” Calhoun said on the sidelines of an event commemorating the final delivery of its iconic 747 jumbo jet in Everett, Washington. “The future of autonomy is real for civil” aviation, he said. Boeing's next iconic design may stem from its partnership with NASA to test-fly a prototype aircraft with a new wing design that Calhoun said could yield as much as a 30% fuel efficiency improvement over ...

[ad_1] David Calhoun makes a $2.8 billion lump-sum wager that the planemaker can turn the corner soon. The credibility of David Calhoun, the chief executive officer of Boeing Co., is on the line after the planemaker took $2.8 billion of charges for defense programs in the third quarter.Boeing had been taking writedowns consistently on a variety of these programs, including a new Air Force One and a midair refueling tanker, at least every year since 2018, including a stretch of six consecutive quarters from the end of 2019 to the beginning of last year. That's why the size of the latest writedown shocked investors, who pushed the stock down nearly 9%, adding to the 27% drop this year through Tuesday. The cause is well known. Boeing entered into fixed-price contracts for these aircraft ...

Tag: nasa boeing

Boeing CEO Sees Self-Flying Tech Coming to Commercial Aircraft

Boeing CEO David Calhoun Puts Credibility on the Line With Writedown