Friday 6 June 2014
Wednesday 22 January 2014
Boeing Going Strong
Company Introduction:
The Boeing Company (BA), which is based out of Chicago, Illinois, is the largest player in the aerospace and defense industry. The company’s core business is the manufacturing of military and commercial airplanes; however, it is also involved in research and development, and the provision of support services to military, space and missile defense systems.
Bidness Etc analyzes recent trends in the commercial aerospace and defense industry, and takes a look at how they affect Boeing’s stock valuations going into the fourth quarter (4Q) of the ongoing fiscal year (FY13) as well as next year.
Business Segments:
Boeing functions under two main segments: Commercial Airplanes, and Defense, Space & Security (DS&S). Its operations are spread globally, with over 170,000 employees serving the company in various segments and subsidiaries.
Boeing Warns its Jet Engines may Face Icing
A day after the Dubai Airshow ended, The Boeing Company (BA), warned fifteen airlines about potential engine icing problems with some of its 747-8 and 787 Dreamliner planes.
Boeing issued warnings to many airlines, with United Airlines (UAL), Japan Airlines, Cathay Pacific and Lufthansa on the list, regarding the possibility of ice forming on the engines of airplanes flying at high altitudes during thunderstorms.
The company issued this warning after six recorded incidents of temporary thrust loss during operation in severe weather conditions, which led to Japan Airlines withdrawing the Dreamliners from some of its routes. All six aircrafts landed safely with no injuries reported from the malfunction.
The warning, which calls for prohibiting operations within 50 nautical miles of a thunderstorm, is triggered when traveling through specific types of cloud formation. This is yet another setback to Boeing’s Dreamliner jet, which was grounded earlier in the year due to problems with its battery systems overheating.
Read More : BA
Boeing Raises Dividends And Authorizes Share Buybacks
Aerospace and defense player Boeing Co. (BA) raised its quarterly dividend 50% from $0.485 to $0.73 and announced an additional $10 billion in share repurchases – the highest ever buyback announced by the company. The dividend payout comes to $2.92 on an annualized basis with a yield of 2.2%.
The $10 billion from the fresh authorization, along with the $800 million remaining from the 2007 authorization, will be used over the next two to three years at the management’s discretion. Boeing’s stock closed at $134.72 yesterday, with a jump after-hours to $137.28.
The announcement comes just days after the Chicago-based company’s negotiations with trade unions collapsed in Seattle. Boeing could not reach an agreement with the International Association of Machinists and Aerospace Workers, which refused to comment. The company remains in sound financial shape though, with strong and sustainable operational performance, along with increasing cash flows, according to CEO Jim McNerney.
Read More : BA
Monday 20 January 2014
Boeing – High Flyer’s Ethics Come Crashing Down
While corporate America is known for being ruthless and having no mercy, the attitude and the way Boeing recently forced its own employees to choose between having a job, or pension and healthcare is beyond a shadow of any doubt, a very bad display of business ethics. The company might think highly of itself, at having pulled off a veritable coup, but here is how its employees and the bidnessmen see the company:
Read More : Boeing
777X Stays in Seattle – Boeing and Union Compromise
The Boeing Company (BA) and members from District 751 agreed to terms late Friday, to keep jobs for the company’s next generation wide body plane, the 777X, in the Seattle area. The final verdict came down to 600 votes leaning in favor of the terms presented, passing by a mere 51% to 49%.
The deal - which extends the current contract from 2016 to 2024 - includes elimination of company paid pensions in favor of a defined contribution plan, 401 (K). Key terms in the agreement included members of the International Association of Machinists and Aerospace Workers (IAMAW) agreeing to give up their right to strike for the next 10 years.
In exchange, the company offered an average wage increase of 0.5% and a guarantee to keep production of the 777X jet - the industry giant’s latest best-seller - in the Seattle area. As per the agreement, wing technology and final assembly will be performed in Washington instead of being moved to other low-wage states.
Read More : BA
Wednesday 18 December 2013
Boeing Company Description
The Boeing Company (BA), based out of Chicago, Illinois falls under the Aerospace and Defense industry. The company’s market cap is worth $97 billion, and it is the largest manufacturer of commercial and military airplanes and flight systems. The company has two main segments: Commercial Airplanes, and Defense, Space & Security. Boeing reported sales of $82 billion for FY12. Commercial business accounted for 69% of revenues, having grown at a five-year Compound Annual Growth Rate (CAGR) of 11.7%. The company generated 46% of its revenues in the US, with Latin America and Middle East following at 13% each. Read More: BA
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