The settlement reached between Arconic Inc. and activist investor Elliott Management Corp. over board seats this week puts to an end a big distraction for the embattled aluminum-products manufacturer. But it doesn’t change the tough task of meeting aggressive sales and profit goals set by Elliott given the challenging market conditions in its...
Boeing Co. said Sunday it had agreed to the potential sale of 16 widebody jets to a Saudi Arabian airline and a range of equipment for the country’s armed forces. The aerospace giant BA, +1.89% said SaudiGulf Airlines is looking to acquire up to 16 twin-aisle jets, though it didn’t identify the model or potential delivery dates in a market where sales have been sluggish over the past two years.
The arms agreements with Saudi Arabia formally signed by the U.S. over the weekend could help protect domestic jobs in an industry that has culled tens of thousands of workers over the past five years, but also boost employment in the Gulf nation. Lockheed Martin Corp., Boeing Co. and Raytheon Co. announced a mix of deals as part of the slew of trade agreements signed by the U.S. government during President Donald Trump's official visit.