Mon, May 2, 2:12 PM
- Bristow Group (BRS -5.2%) says it has grounded most of its EC225 helicopters, after regulators in Norway and the U.K. barred passenger flights with the model following Friday's fatal crash in the North Sea at the Gullfaks B oil field, killing all 13 people onboard.
- Airbus (OTCPK:EADSF, OTCPK:EADSY), which makes the helicopter, says it sees no need to suspend flights of the model, adding that its experts have conducted on-site inspections of the crashed helicopter parts and found no safety-of-flight risk for the fleet.
- The EC225, which has had previous safety problems with its main gearbox that drives the rotor, is the backbone of North Sea oil and gas helicopter operations.
- Now read The Tuzz Report idea generator: Bristow Group's debt load may ground the stock
Thu, Apr. 7, 10:14 AM
- Alcoa (AA +1.9%) announces a supply agreement with Airbus (OTCPK:EADSF, OTCPK:EADSY) for 3D-printed titanium fuselage and engine pylon components for commercial aircraft, with delivery of the first additive manufactured parts in the middle of this year.
- Alcoa says the agreement will draw on its decades of aerospace experience and new technologies gained through the RTI acquisition and expansion in Whitehall, Mich.; it also recently invested in 3D-printing and metallic powder production capabilities at its technical center near Pittsburgh.
- The deal, whose financial terms are not disclosed, follows Alcoa's $1B deal in October to supply Airbus with bolts, rivets and other pieces used to hold planes together.
- Now read Alcoa signs $350M-plus in bauxite supply deals
Fri, Feb. 19, 2:58 PM
- Boeing (BA -2.4%) says it has received a license from the U.S. government to hold talks with airlines in Iran about their needs for jetliners, a first step toward entering the country’s resurgent aircraft market.
- The news comes nearly three weeks after Airbus (OTCPK:EADSF, OTCPK:EADSY) announced an order from Iran Air for 118 new jets valued at $27B, prompting the chairman of Iran Air to remark that Boeing was "lagging behind a bit."
- Iran Air’s fleet reportedly totals 45, with an average age of 26.9 years; the age of the six Boeing 747s in the fleet averages more than 35 years.
- Boeing will still need a separate license to actually complete any commercial jetliner sales.
- Likely having more of an effect on today's stock price is the mere $12.3B in orders tallied at this week’s Singapore Airshow, little more than a third of the $32B from 2014.
Thu, Feb. 11, 2:22 PM
- Boeing (BA -8.9%) maintains its share price plunge and is causing the Dow to underperform the other major averages following a report that the SEC is probing the company’s accounting methods on its 787 Dreamliner and the 747 aircraft; Boeing has refused to comment.
- The day's decline roughly matches the 8.9% drop late last month when the company issued disappointing financial guidance. which had been the biggest single-day drop since 2001.
- The news also has sparked selling in other aerospace stocks at a time when investors in the sector have become increasingly nervous that booming aircraft orders could founder as Boeing and Airbus (OTCPK:EADSF, OTCPK:EADSY) boost production to record levels: LMT -3.2%, NOC -3.2%, RTN -3.4%.
- S&P Global Market Intelligence’s Jim Corridore retains his Buy rating, saying that while the news is "a near-term negative that may overhang the stock and could lead to a large charge or fine, we remain positive on the large backlog of business Boeing has accumulated, and remain positive on overall aerospace demand."
- Buckingham Research reiterates an Underperform rating with a $108 price target in a report that preceded the SEC story, citing below consensus free cash flow and pricing pressure as key catalysts for a downward move.
- Earlier: WSJ: Boeing to cut jobs as Airbus competition heats up (Feb. 10)
Thu, Jan. 7, 12:28 PM
- Boeing (BA -2.4%) confirms that it set a new record for commercial aircraft deliveries in 2015 with 762, topping projected deliveries of 750-755 units as well as its previous commercial delivery record of 723 in 2014.
- Deliveries rose 5.4% Y/Y amid continued demand for 787 Dreamliners and 737 jets, even as Q4's total fell 6.7% Y/Y to 182.
- Leading the way for Boeing in 2015 was the narrow-body 737 with 495 deliveries on the year, up 10 aircraft from 2014, while the 787 Dreamliner spiked by 21 aircraft to 135 deliveries from 114.
- The total should mean Boeing will retain its delivery crown over Airbus (OTCPK:EADSF, OTCPK:EADSY), although Airbus' 2015 orders are well ahead of Boeing.
Nov. 16, 2015, 10:33 AM
- Aerospace and defense shares are on the rise after calls to increase efforts to crush ISIS, the terrorist group responsible for Friday's attacks in France.
- Previously: World leaders wrap up G20 summit (Nov. 16 2015)
- Previously: French warplanes strike Islamic State targets in Syria (Nov. 15 2015)
- Related tickers: General Dynamics (GD +0.6%), Boeing (BA +0.2%), Northrop Grumman (NOC +3.2%), Lockheed Martin (LMT +2.5%), Raytheon (RTN +2.4%), Orbital ATK (OA +3.8%), Rolls-Royce (OTCPK:RYCEY +2.2%), Huntington Ingalls (HII +1.1%), Honeywell (HON +0.9%), United Technologies (UTX +0.4%), Airbus (OTCPK:EADSF), ITT (ITT +0.6%), Textron (TXT +1.7%), L-3 Communications (LLL +2.3%), BAE Systems (OTCPK:BAESY +2%), Finmeccanica (OTCPK:FINMY), Rockwell Collins (COL +1.7%).
Nov. 12, 2015, 2:26 PM
- Boeing (BA -1.5%) and Airbus (OTCPK:EADSY -3.3%) are sharply lower following engine supplier Rolls-Royce's (OTCPK:RYCEY -19.8%) warning of a weaker than expected 2015 earnings outlook and sharply weaker demand in 2016.
- Rolls-Royce, which makes engines for Boeing’s 787 Dreamliners and Airbus A380 superjumbos, says it expects sharply lower volumes of corporate jets powered by its engines next year, and that its aftermarket service segment had begun to suffer as customers use older, wide-body engines less and shift to more fuel-efficient planes.
- Rolls-Royce's gloomier outlook also comes as engines made by GE (GE -1.4%) and Pratt & Whitney (UTX +1.1%) for the Airbus A330 reportedly have driven down prices for its Trent 700 engines.
Oct. 14, 2015, 3:11 PM
- Boeing (BA -4.3%) is sharply lower after Delta Air Lines (DAL +1.6%) CEO Richard Anderson said a glut of wide-body jets coming off leases is creating an "aircraft bubble."
- On DAL's conference call this morning following Q3 earnings, the CEO said his airline is seeing a "huge bubble in excess wide-body airplanes around the world," and confirmed DAL has been approached by Airbus (OTCPK:EADSF, OTCPK:EADSY) as well as Boeing.
- The comment came in response to an analyst question regarding rumors that DAL had been looking at some 777s coming off lease or being retired by Singapore Airlines; Anderson said he believes the aircraft market is "going to be ripe for Delta over the course of the next 12-36 months."
- The CEO also thinks the aircraft bubble in wide bodies would spread to narrow bodies, and foresees "some huge buying opportunities" because low interest rates "really have created a huge wide-body bubble in the world."
Oct. 5, 2015, 9:13 AM
- Alcoa (NYSE:AA) +1.8% premarket after announcing it signed a ~$1B order from Airbus (OTCPK:EADSF, OTCPK:EADSY) for high-tech, multi-material aerospace fastening systems, Alcoa's largest fastener contract ever with the aircraft manufacturer.
- Alcoa says the deal strengthens its position on new, high-growth Airbus platforms including the A350 XWB and A320neo, and reinforces its position on existing aircraft such as the A330.
- Alcoa will supply advanced fastening systems, such as those that enhance the assembly of aircraft panels and engine pylons on newer airplanes with sophisticated design features.
Jun. 29, 2015, 3:28 PM
- Boeing (BA -2.5%) is one of the Dow's biggest losers on a day when all 30 components are down, as it becomes clear the U.S. government will not back export sales of its aircraft after the Export-Import Bank sunsets on June 30.
- By late Friday it became clear there would be no vote on the renewal of the Ex-Im charter before Congress goes into its Fourth of July recess, which starts Monday, as the measure is opposed mostly by conservative Republicans who view the bank as corporate welfare.
- The Ex-Im often is called “the Boeing bank,” because more than half its transactions are for Boeing aircraft; its loss, if maintained, could affect the company’s ability to compete against Airbus (OTCPK:EADSF, OTCPK:EADSY).
May 11, 2015, 4:36 AM
- Airbus (OTCPK:EADSY) shares are deep in the red after the weekend crash of an A400M military transport plane during flight testing.
- The aircraft crashed into a field north of Seville airport in Spain on Saturday, killing four of the six crew and prompting Britain and Germany to ground the troop and cargo carrier.
- Airbus said it would continue flight testing of the A400M on Tuesday unless it discovered evidence that required them to stop.
- Airbus shares -4.4% in France.
- Previously: Airbus A400M crashes during test flight (May. 10 2015)
Dec. 10, 2014, 12:30 PM
- Airbus (OTCPK:EADSF -9.3%) says it is likely to further cut production of its A330 long-range jet and that it faces a delay in delivering the first A350 jetliner to Qatar Airways.
- Airbus earlier this year announced plans to cut production next year of the A330 to nine aircraft per month from 10 amid weakening demand, and CEO Tom Enders told investors today that output will fall further in 2016.
- Even as Airbus confirmed its earnings targets for the year, CFO Harald Wilhelm said inventory levels would rise next year amid the production ramp up for the new A350 jet and that cash flow could be negative.
- Despite bulging order books that stretch out to the end of the decade, Airbus and Boeing (BA -2.3%) have struggled to sell some plane types; Boeing said yesterday it would cut output of its 747 jumbo that has been selling poorly.
Jul. 14, 2014, 3:15 PM
- Boeing (BA +1.2%) is poised to win orders from two jet-leasing companies for narrow- and wide-body planes valued at as much as $9.2B, with the deals announced at the Farnborough Air Show possibly as soon as tomorrow, Bloomberg reports.
- Air Lease (AL +2.4%) reportedly may buy 20 of Boeing’s 737 Max single-aisle jet and six 777 wide-bodies, while BOC Aviation may commit to at least 50 of the Max jets.
- Even so, Airbus (EADSF, EADSY) grabbed more than $21B in firm orders and sales deals on the opening day of the Farnborough forum, nearly triple the tally for Boeing.
Jun. 11, 2014, 11:39 AM
- Boeing (BA -2.3%) is easily the Dow's biggest decliner today following two pieces of bad news - one specific to Boeing, the other to the airline industry.
- RBC downgraded BA shares to Sector Perform from Outperform, believing most of the good news already is out and reflected in the stock; Boeing "has become an execution/cash deployment vs. an upside to growth story, and this is likely to cap any multiple expansion from here," RBC writes.
- Also, today's surprise cancellation of an Airbus (EADSF -2.9%) order raises questions over new aircraft demand, whether for the Airbus A350 or a more general wobble of confidence in a previously solid market that could also hit Boeing.
Sep. 20, 2013, 10:40 AM
- Rockwell Collins (COL -4.8%) guides for FY14 EPS of $4.30-4.50/share on revenue of $4.5-4.6B.
- FY13 guidance is reaffirmed.
- ROC — which makes the 787's (BA) pilot control systems and cockpit displays, among other inputs — expects revenue for the air transport business to be strong, thanks to the Dreamliner and A350 (EADSF.PK), but CEO Kelly Ortberg cautions that they'll be "a slight decline in business jet revenue" and a negative impact from "announced delays for several new aircraft programs."
- Ortberg also says "sequestration is here to stay," but notes the company has "been proactive in planning and controlling costs to sustain profitability." (PR)
- All in all, the guidance is simply not what analysts were looking for, as the Street sees FY14 EPS of $4.85 on sales of nearly $5B.
European Aeronautic Defence & Space Co (EADS) is a global aerospace, defence and related services corporation. Co.'s operations include the aircraft manufacturer Airbus, the helicopter supplier Eurocopter and the joint venture MBDA, an international supplier of missile systems. Co. is the major... More
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