Mon, Jul. 11, 4:19 AM
- The Farnborough Airshow takes off today with executives from the aviation industry flying in to complete deals and unveil their latest technology.
- Brexit uncertainty could cloud demand for big jets, as Airbus (OTCPK:EADSY) and Boeing (NYSE:BA) look to snap up some scarce orders from the big carriers.
- Among the exhibitors: AJRD, AME, CAE, ERJ, FLIR, GD, HRS, LLL, LMT, RTN, SNA, SPR, TXT, UTX
Fri, Jul. 8, 3:50 PM
- Boeing (BA +2.3%) announced yesterday that it delivered a total of 199 commercial jets during Q2, essentially flat compared with 197 deliveries in the year-ago period, while defense deliveries slipped to 45 from 56 during last year's Q2.
- Commercial deliveries were driven by improved demand for its 777 and 787 Dreamliners, whose shipments totaled a respective 28 and 38 vs. 26 and 34 in the year-ago period, respectively.
- Total H1 shipments were 470 units vs. 479 in the year-ago period, with 375 commercial deliveries, down from 381 in H1 2015, and 95 defense deliveries, down from 98.
- Of the 34 787s delivered during Q2, 28 were the more expensive 787-9; Boeing may deliver the 30th and final 787-8 to Qatar Airways next week during the Farnborough Airshow, which could indicate that the airline plans to exercise its option for another 30 787s.
Fri, Jul. 8, 10:43 AM
- The U.S. Air Force’s new Chief of Staff says he is “concerned and disappointed” by Boeing's (BA +1%) latest delays in the development of the KC-46A airborne tanker plane, which are hurting "combat capability that we desperately need."
- Boeing said in May that it would miss a deadline to deliver the new refueling jets and might have to take more than the $1.5B in extra charges related to the tanker’s development.
- Gen. Goldfein says he believes the company will fix the problems with the refueling equipment that led to the delay, noting that "this isn't radically new technology."
Wed, Jul. 6, 6:18 PM
- A House panel is going to debate legislation tomorrow that could block a sale by Boeing (NYSE:BA) to Iran Air with a list price of $17.6B.
- Three measures will be considered, including one preventing the Treasury from licensing the sale, another blocking the Treasury Secretary from authorizing transactions tied to aircraft export, and a third barring the Export-Import bank from providing financing for deals with Iran.
- New laws wouldn't just affect Boeing but also Airbus (OTCPK:EADSY) and other firms, since virtually all modern jets have more than 10% U.S. content and thus require export licenses.
- Boeing has a memorandum of agreement that calls for Iran Air to buy 80 aircraft and lease another 29 with Boeing's support, with deliveries starting in 2017 and going through 2025.
Wed, Jul. 6, 2:30 PM
- Airbus (OTCPK:EADSY -1.6%) says it booked 27 new planes orders in June, leaving it well behind rival Boeing (BA -0.5%) after ending H1 with 227 aircraft orders, or 183 after adjusting for cancellations.
- Boeing secured orders for 309 aircraft, or 276 after cancellations and conversions, between the start of the year and June 28.
- Airbus has a target of more than 650 plane orders for the year.
- Both planemakers are expected to announce orders at next week's Farnborough Airshow, but analysts say the atmosphere is relatively muted this year as worries grow over the state of the global economy.
Fri, Jul. 1, 10:47 AM
- Boeing (BA +0.1%) and Lockheed Martin (LMT +0.2%) reportedly are among those invited to submit a proposal as Japan plans to acquire new fighter jets in a deal that could be worth as much as $40B.
- Japan is expected to launch a tender for ~100 fighter jets in the coming weeks as the country seeks to bolster its air defenses amid rising tension with China over disputed maritime borders.
- Touted as a replacement for existing Mitsubishi F-2 multi-role fighter jets, the new warplane will operate alongside LMT F-35 fighters that Japan has on order, as well as BA F-15Js jets it is upgrading; analysts say Japan's preference for an aircraft that can operate closely with the U.S. military gives the U.S. companies an edge.
- A final decision is not likely to be reached until 2018, with deployment due at the end of the 2020s at the earliest.
Fri, Jul. 1, 5:24 AM
- After a year of meetings with potential customers, Boeing (NYSE:BA) is advancing toward developing a new jetliner with up to 270 seats that would target mid-range flights of up to 10 hours.
- The proposed plane would enter service around the middle of the next decade.
- A new larger version of the 737 Max is also being considered, and according to Boeing marketing chief Randy Tinseth, doing both new planes remains an option.
- Previously: Boeing: New mid-market is a 'tough business case' (Mar. 02 2016)
Thu, Jun. 30, 7:51 AM
- Boeing (NYSE:BA) is proposing to stretch its largest 777 model to create a twin-engine behemoth aimed at delivering a knock-out blow to Airbus' (OTCPK:EADSY) struggling A380 superjumbo.
- According to Bloomberg, the planemaker has approached several carriers about the jet it calls the 777-10X, including Dubai-based Emirates. The proposed model would carry about 450 travelers.
Thu, Jun. 30, 5:32 AM
- Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has delivered its first CSeries jet to launch operator Swiss International Air Lines (OTCQX:DLAKY), marking the company’s emergence as a direct competitor to challenge Airbus (OTCPK:EADSY) and Boeing (NYSE:BA) in the single-aisle passenger jet market.
- The plane's development ran 2.5 years late and blew billions past its initial $3.4B budget, weighing on Bombardier’s stock price and triggering the replacement of most of its executive team.
Mon, Jun. 27, 4:31 PM
Mon, Jun. 27, 8:36 AM| Mon, Jun. 27, 8:36 AM | 20 Comments
Thu, Jun. 23, 2:42 PM
- Boeing's (BA +0.9%) proposed deal with Iran Air involves the sale of 80 jets with a list price of $17.6B, according to a letter to two lawmakers who had expressed concerns about the prospective sale, WSJ reports.
- An earlier report speculated that the deal covered 109 planes, split roughly equally between narrow-body and long-range wide-body aircraft.
- Deliveries are due to run from next year until 2025, and BA also plans to help Iran Air lease an additional 27 of its 737 jets, according to the letter, which does not specify the aircraft types involved in the jet sale.
- An AP report says the deal "rests on shaky foundations," as the U.S. government could revoke the license for the deal if planes, parts or services are "used for purposes other than exclusively civil aviation end-use."
- Shares have pulled back from sizable early gains sparked by bullish comments from Morgan Stanley, as Southwest Airlines announced a delay in the delivery of 67 Boeing 737 Max 8 planes by as much as six years.
Thu, Jun. 23, 8:01 AM
- Boeing (NYSE:BA) inches up premarket after Morgan Stanley started shares with an "overweight" rating and price target of $153, citing significant margin expansion opportunity, as well as the stock's recent underperformance.
- Separately, CEO Dennis Muilenburg said demand for passenger jets is getting stronger, telling Le Figaro that there will be demand for 38,000 new jets over the next 20 years.
Wed, Jun. 22, 10:34 AM
- A provisional agreement between Iran and Boeing (BA +1%) to acquire jets for the country's national airline covers 109 planes, split about equally between narrow-body and long-range wide-body aircraft, a source told Reuters.
- In addition to 737 and 777 models, Iran Air also envisages acquiring some of the latest 747 jumbos.
- The payment mechanisms and financing of the deal, including the currency in which it will be carried out, have yet to be finalized, but some of the jets are expected to be leased.
Tue, Jun. 21, 7:34 AM
- Boeing (NYSE:BA) has signed a landmark aircraft agreement with Iran Air, marking the Islamic Republic's first major deal with an American company following its nuclear accord last year with world powers.
- It's still unclear how much the transaction would be worth, though Iran's Transportation Minister suggested the total sale could be valued at $25B.
- Iran Air confirmed this week it wants to buy new generations of the Boeing 737, as well as the 300ER and 900 versions of the Boeing 777.
Mon, Jun. 20, 6:41 PM
- Boeing (NYSE:BA) is reiterated with a Buy rating and $160-plus price target at Deutsche Bank, which thinks the stock's bears have "overstepped reality" given the still "strongest prospects for sustainable cash growth and cash return in [the firm's] coverage."
- While conceding the bear point that the aerospace industry is late into an upcycle, Deutsche Bank believes nearly all other bear concerns are overstated or already more than factored into valuation, with the least valid bear points the "concerns on the narrow-body demand, a lack of appreciation in the 787 profit potential and the obsession that a new plane is a bad thing."
- With the stock significantly underowned and cash flow valuation on its lows, the firm sees is plenty of room for the stock "to make a run on a couple quarters of execution."
The Boeing Co. is an aerospace company that manufactures commercial jetliners and defense, space and security systems. Its products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and... More
Sector: Industrial Goods
Industry: Aerospace/Defense Products & Services
Country: United States
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