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Boeing reports $374B commercial backlog, $67B defense backlog

  • Boeing (BA +1.1%) reaffirms FY 2014 earnings and revenue guidance at its annual shareholders meeting; the company sees FY 2014 EPS of $7.15-$7.35 vs. $7.59 analyst consensus estimate and revenues of $87.5B-$90.5B vs. $89.9B consensus (Briefing.com).
  • Also reaffirms 2014 operating cash flow of $7B before pension funding, and reports backlogs of $374B in commercial airplanes and $67B in defense, with "significant" opportunities ahead to add to backlog.
  • Says it is focused on improving margins, with core operating margins seen at about 9.5% for FY14.
  • Earlier, the head of Boeing's space and intelligence systems business said strong demand in the commercial market will help its satellite division weather a downturn in U.S. defense spending and should continue to boost revenues in coming years.
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Comments (4)
  • joegillam
    , contributor
    Comments (437) | Send Message
     
    Second lines for 777 & 737 would push them over the top.
    21 May 2014, 11:38 AM Reply Like
  • habcook
    , contributor
    Comments (9) | Send Message
     
    Smart thinking, specially in preparation for 2017 the year of release of new models
    21 May 2014, 01:35 PM Reply Like
  • joegillam
    , contributor
    Comments (437) | Send Message
     
    I've had this thought for sometime and think that the only hold-back is the lack of talent to man the assembly lines. Look at the problems in Charleston with the second line for 787s. Just a shame that 15% of the population runs around on the doll either unemployed or underemployed. All the while I see High Schools bragging that they raised their graduation rate from 64% to 66%. Was at my high school last week and saw the buses dropping off the kids. 14, 15 and 16 year olds walking in with infants and dropping them at the nursery on their way to class. And of course the tax dollar pays for that. Guess that boosted the grad rate up to 66%.
    22 May 2014, 08:43 AM Reply Like
  • habcook
    , contributor
    Comments (9) | Send Message
     
    Sad situation !
    23 May 2014, 09:25 AM Reply Like
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