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  • Tue, Oct. 25, 5:30 PM
  • Mon, Oct. 24, 11:28 AM
    • Rockwell Collins (COL -6.5%) says its acquisition of B/E Aerospace (BEAV +15.3%) will triple its sales of equipment in new-generation widebody jetliners such as the Boeing 787 (BA +2.1%) and Airbus A350 (OTCPK:EADSF, OTCPK:EADSY).
    • COL CEO Kelly Ortberg also believes the acquisition will nearly double sales related to narrowbody jets, such as top sellers Boeing 737 and Airbus A320.
    • Aftermarket sales would help offset weakness in other parts of the combined company, such as sales to business jet manufacturers, which Ortberg expects will fall 15%-20% in FY 2017.
    | Mon, Oct. 24, 11:28 AM
  • Wed, Oct. 19, 2:28 PM
    • Boeing (BA +1.2%) says it will shut a small defense plant that had been earmarked to make parts for the 747-8 jumbo jet, although the head of the 747-8 program tells employees the move is not a sign that the company plans to end jumbo production "in the near term."
    • Boeing said last year that it planned to create up to 200 new jobs at the Macon, Ga., facility by insourcing work on making fuselage panels for the jet, but is reversing course after cutting 747 output to just six per year and hinting it may end production altogether.
    • The 747-8 work in Macon was due to be transferred from Triumph Group (TGI -1.6%), which Boeing says remains under contract for the business through the end of decade.
    | Wed, Oct. 19, 2:28 PM | 9 Comments
  • Mon, Oct. 17, 4:41 PM
    • A new seat supplier for Boeing's (NYSE:BA) top-selling 737 jetliners has signed its first two customers, allowing it to begin production, Reuters reports.
    • The agreements with LIFT by EnCore, which are due to be announced as early as this week, would be the first in which Boeing buys the seats from the supplier, essentially guaranteeing they will arrive on time.
    • With other seat makers, airlines are required to buy the seats and have them delivered to aircraft factories, which has led to problems for the plane makers when seat deliveries are late.
    • LIFT's initial orders will equip at least 50 of Boeing's 737 MAX aircraft, with deliveries beginning in 2017, which show initial market acceptance and would allow LIFT to begin certification and production, according to the report.
    | Mon, Oct. 17, 4:41 PM | 1 Comment
  • Mon, Oct. 17, 10:33 AM
    • Airbus (OTCPK:EADSF, OTCPK:EADSY) CEO Fabrice Bregier says he plans to overtake rival Boeing (BA +0.6%) in terms of annual plane deliveries by 2020.
    • The CEO also says Airbus hopes to deliver 50 A350 aircraft this year, although deliveries by the end of September totaled only 26.
    • While Airbus has been leading in terms of new orders for years, Boeing has been ahead since 2012 in terms of deliveries.
    • Separately, Airbus recently delivered its 10,000th aircraft, a wide-body A350 XWB to longtime customer Singapore Airlines, 42 years after delivering its first plane.
    | Mon, Oct. 17, 10:33 AM | 4 Comments
  • Fri, Oct. 14, 5:42 PM
    • Boeing (NYSE:BA) names Ihssane Mounir as the new sales chief for its commercial airplanes division effective in early 2017, as the U.S. company and European rival Airbus (OTCPK:EADSF, OTCPK:EADSY) battle slowing commercial jet orders.
    • Boeing’s chief airplane salesman, John Wojick, is retiring from the post, after overseeing record-quick sales of ~5K airplanes and helping make the 737 Max the best-selling new airplane model in the company’s 100-year history.
    • Mounir, who currently leads the sales team in northeastern Asia, including China, which is poised to overtake North America as the world’s largest aviation market.
    | Fri, Oct. 14, 5:42 PM
  • Thu, Oct. 13, 5:57 PM
    • Boeing (NYSE:BA) has opened a new 424K sq. ft. facility in St. Louis, Mo., to manufacture composite parts for its new 777X commercial jetliner.
    • The company expects production of 777X wing edge and tail parts to begin at the plant in early 2017; Boeing had 306 orders for the plane through September, which is replacing the 777, introduced in 1995.
    • The future of some of Boeing's facilities in St. Louis, where the company has ~15K employees, had been in question due to slowing fighter jet sales.
    • Boeing committed more than $300M to construct and outfit the facility.
    | Thu, Oct. 13, 5:57 PM | 16 Comments
  • Thu, Oct. 13, 11:53 AM
    • The European Union says it is appealing against a WTO panel's finding last month that it had failed to rein in billions of dollars of subsidies to Airbus (OTCPK:EADSF, OTCPK:EADSY).
    • The EU says it disagrees with the WTO's conclusion that, even though most of the subsidies challenged by the U.S. had ended, the EU had not fully complied with a previous ruling, and in the panel's assessment of alleged harm that the subsidies caused to Airbus rival Boeing (NYSE:BA).
    • U.S. officials had said Airbus failed to undo subsidies worth $22B, including $4B for the A350, on which Airbus' prospects in the wide-body jet market largely depend.
    | Thu, Oct. 13, 11:53 AM | 4 Comments
  • Thu, Oct. 13, 10:23 AM
    • LOT Polish Airlines says it will lease up to 15 Boeing (BA -0.9%) single-aisle planes from Air Lease (AL -3.6%), in the second contract that Poland has awarded U.S. aerospace companies over Airbus (OTCPK:EADSF, OTCPK:EADSY) in as many weeks.
    • The carrier says it will take delivery of two latest-generation 737 Max 8 and four 737-800 NG airplanes next year, with the rest of the deliveries expected by 2020.
    • The deal follows Poland's decision to buy military helicopters from Lockheed Martin (LMT -0.3%) earlier this month after dropping a $3.5B deal to buy 50 Caracal helicopters made by Airbus.
    | Thu, Oct. 13, 10:23 AM | 1 Comment
  • Wed, Oct. 12, 7:51 AM
    • Boeing (NYSE:BA) lands a $3.2B order from China Southern Airlines (NYSE:ZNH) for 12 787-9 planes.
    • A new filing on the Hong Kong Exchange indicates that the planes are due to be delivered between 2018 and 2020.
    | Wed, Oct. 12, 7:51 AM | 7 Comments
  • Tue, Oct. 11, 2:39 PM
    • Boeing (BA -1.7%) says it has delayed the first manned flight of its new space taxi for the second time this year and could take a financial charge against the program as early as its Q3 results.
    • Boeing says supplier and technical issues will push back the first unmanned flight of its CST-100 Starliner to June 2018, with a crewed flight following in August.
    • The admission of a further delay comes weeks after a government agency warned that both Boeing and SpaceX probably would have to push back their first crewed flights.
    | Tue, Oct. 11, 2:39 PM
  • Tue, Oct. 11, 10:58 AM
    • Boeing (BA -0.6%) and Atlas Air Worldwide (AAWW +0.6%) announce a deal to convert nine 767 passenger airplanes into converted freighters, up from an order of four planes previously announced at the Farnborough International Airshow in July that was attributed to an unidentified customer.
    • Boeing's current market outlook forecasts a need for 400 widebody conversions over the next two decades, with strong demand for 767 freighter conversions due to a rise in e-commerce.
    | Tue, Oct. 11, 10:58 AM | 3 Comments
  • Sat, Oct. 8, 8:25 AM
    • This is the bottom” for Honeywell's (NYSE:HON) businesses exposed to the oil and gas industries, but troubles in the business jet industry “will get worse” next year, CEO David Cote said Friday, a day after the company cut its earnings and sales forecast, causing shares to slide 7.5% in their worst showing in five years.
    • "This was a surprise," says William Blair's Nick Heymann, as HON had been considered a safe-haven stock amid sluggish industrial growth, on Cote's reputation and record of delivering on profit targets.
    • Morgan Stanley analyst Nigel Coe compared HON’s announcement to a “paella bowl” dropped in front of investors and said “credibility is becoming a growing issue.”
    • Other analysts are more confident: J.P. Morgan's Steve Tusa says "it's not that bad in the grand scheme," noting that HON’s profits are off ~5% YTD, roughly in line with its industrial peers.
    • “While this quarter and maybe next quarter look to be a little bit worse than anticipated, we still believe they’re well positioned long term to benefit from growth opportunities," according to Edward Jones' Jeff WIndau.
    • HON supplies parts to Textron (NYSE:TXT) and General Dynamics (NYSE:GD), which fell a respective 3.6% and 0.8% yesterday, while aerospace parts makers Heico (NYSE:HEI), B/E Aerospace (NASDAQ:BEAV) and TransDigm (NYSE:TDG) each slid more than 1%; also, GE slipped 0.6%, United Technologies (NYSE:UTX) fell 1.5%, and Boeing (NYSE:BA) lost 0.4%.
    | Sat, Oct. 8, 8:25 AM | 25 Comments
  • Fri, Oct. 7, 4:49 PM
    • Boeing (NYSE:BA) says it landed an order for 30 787-9 Dreamliners and 10 777-300ERs, valued at $11.7B at list prices, from Qatar Airways.
    • The airline also signed a letter of Intent to purchase up to 60 737 MAX 8s, valued at $6.9B at list prices; combined, it is the largest single order ever placed by the Gulf carrier.
    • Qatar is making good on a threat to buy Boeing planes after rejecting initial A320neo deliveries from Airbus (OTCPK:EADSF, OTCPK:EADSY) because of engine problems.
    | Fri, Oct. 7, 4:49 PM | 12 Comments
  • Thu, Oct. 6, 12:28 PM
    • Airbus (OTCPK:EADSF, OTCPK:EADSY) says it sold 49 jets in September but its net orders for the year were hit by the cancellation of jets ordered by India's Kingfisher Airlines.
    • Airbus says it totaled 566 aircraft orders in the first nine months of the year but the net total fell to 380 from 438 a month earlier after 107 cancellations for Kingfisher.
    • Also in September, Airbus delivered 62 aircraft, including eight of its A320neo jets and five A350s, bring the YTD total to 462.
    • Boeing (NYSE:BA) sold 460 jets YTD through Oct. 4, or a net total of 380, leaving the companies nearly even after adjusting for cancellations.
    | Thu, Oct. 6, 12:28 PM | 3 Comments
  • Thu, Oct. 6, 11:20 AM
    • Boeing (BA -0.7%) delivered 188 commercial aircraft in Q3, down 5.5% from the same period a year earlier, mainly due to a fall in 777 and 787 deliveries.
    • The planemaker delivered 22 777s, down from 27 Y/Y, while deliveries of 787s slipped to 36 from 37.
    | Thu, Oct. 6, 11:20 AM | 1 Comment