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Justice Department Accuses Boeing Of 2021 Settlement Breach

By Shivani Kumaresan
May 15, 10:00 AM
The U.S. Justice Department claims Boeing (NYSE: BA) violated a 2021 settlement tied to fatal 737 MAX crashes. The settlement allowed Boeing to avoid prosecution by enhancing compliance. Recent findings suggest Boeing failed these commitments, risking criminal charges. Boeing had admitted misleading regulators, leading to crashes. A new investigation into a 737 MAX incident and 787 Dreamliner inspection lapses raises further safety concerns.

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Ideal Power Reports Q1 Earnings, CEO Expects Solid-State Circuit Breaker Market To Grow Revenue

By Shivani Kumaresan
May 15, 9:20 AM
Ideal Power Inc (NASDAQ:IPWR) reported first-quarter FY24 commercial revenue of $78,739, a notable increase from zero last year. Operating expenses fell to $2.5 million from $2.6 million. The company completed a public offering, raising $15.7 million, and held $20.2 million in cash by March 31, 2024, with no outstanding long-term debt. Ideal Power expects its SymCool power module to drive early sales in industrial markets.

IPWR