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The Boeing Company (BA)

  • Oct. 2, 2012, 10:55 AM
    Tighter military budgets in the U.S. and Europe have reduced revenues for the top weapons makers by nearly 1% in H1, and are likely to continue to depress sales for the remainder of the year. The top 20 global aerospace and defense companies reported a $1.3B drop in revenues in the first half, following a 3.3% decline in 2011. The decline however, was offset by record-setting production of commercial aircraft, driving commercial revenues 14.9% higher and helping to increase overall revenues in the combined A&D sector by $7.2B, or 5.5%, over the same period.
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  • Oct. 2, 2012, 9:43 AM
    Qatar Airways CEO Akbar Al-Baker says the airline won't take delivery of Boeing (BA) 787 Dreamliners until GE (GE) has fixed a problem with its new GEnx engine for the aircraft following two failures, including one that led to an aborted takeoff. Qatar has ordered 30 787 jets and has an option for another 30. Al-Baker also refutes speculation that Qatar will join the One World Alliance, which includes AMR.
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  • Oct. 2, 2012, 4:25 AM
    Boeing's (BA) engineers and technical workers overwhelmingly and unsurprisingly rejected the company's latest contract offer late yesterday. Boeing will now renew talks with the Speea union to thrash out a deal that will cover 23,000 workers. Analysts don't expect the vote to hurt Boeing's ops or stock in the short term, as staff can work beyond the existing contract's expiration this Saturday.
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  • Oct. 1, 2012, 7:02 PM
    GOL Linhas (GOL) says it's renewing its fleet by purchasing 60 of Boeing's (BA) 737 MAX airplanes, scheduled to be delivered in 2018. The order is valued at approximately $6B, making it the largest order in GOL's 12-year history and the largest airplane order from a single airline in South America's aviation history. The order puts the 737 MAX at 724 firm orders to date. GOL -2.1%, BA +0.2%.
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  • Oct. 1, 2012, 12:52 PM
    Brazil has decided to postpone its decision on whether to buy 36 next-generation fighters until next year, adding that there's currently no favorite among those competing for the business. Boeing's (BA +1.2%)F/A-18 Super Hornet fighter planes is one of three rivals in the contest, going head-to-head with Dassault's Rafale fighter and Saab's Gripen. But it faces a big hurdle over concerns about technology transfer restrictions that could be imposed by the U.S.
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  • Sep. 30, 2012, 4:46 AM
    Boeing (BA) engineers and technicians are due to vote tomorrow on a new contract that covers 23,000 members of their Speea union. The plane maker's package is apparently less generous than the current one, which expires on Saturday, and workers are expected to reject the offer. However, a strike is thought to be unlikely, as the sides have much to lose and employees can still work after the existing deal runs out.
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  • Sep. 27, 2012, 9:00 AM
    The EU asks the WTO permission to apply trade penalties of $12B a year on U.S. goods and services in retaliation for the latter's illegal subsidies to Boeing (BA). The U.S. had said it complied with Sunday's WTO deadline to withdraw $3B-$4B in unfair subsidies for the plane maker, but the EU - which isn't innocent of shoveling planeloads of cash in Airbus' direction - rejects the claim.
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  • Sep. 24, 2012, 2:44 PM
    Due to budget reasons, Brazilian President Dilma Rousseff has decided to wait until mid-2013 to make a decision on a multi-billion-dollar Air Force jets contract, and Boeing's (BA +0.1%) recent alliances with Brazilian aircraft maker Embraer (ERJ -1.9%) give a leg up in the competition. The decision has dragged on for more than a decade through three successive Brazilian governments, and picking the winner has become a bit like placing odds on a soccer match that never actually gets played.
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  • Sep. 24, 2012, 12:25 PM
    Boeing (BA -0.6%) has been awarded a $1.9B contract by the U.S. Navy for 11 P-8A Poseidon aircraft, boosting the total fleet to 24. BA has already delivered three of the production P-8As, which are based on the company's Next-Generation 737-800 commercial airplane, which has anti-submarine, anti-surface warfare and intelligence, surveillance and reconnaissance capabilities. The Navy has plans to purchase 117 P-8A Poseidon's to replace its aging P-3 Orion fleet.
  • Sep. 24, 2012, 9:53 AM
    Boeing's (BA) lucrative 777 needs a makeover but the company is at odds over how extensive it should be. Under one plan, the new 777X would have had carbon-fiber composite wings and have been 21% more fuel-efficient, and it would have been larger than the 747. However, Boeing is fearful about growing expenses, and while Emirates Airline likes the plan, it's too costly for Air Lease Corp (AL).
  • Sep. 24, 2012, 6:26 AM
    The U.S. says it has complied with yesterday's WTO deadline to withdraw $3B-$4B in what the trade organization said were unfair subsidies for Boeing (BA). The ruling followed a complaint from the EU, which has been the subject of complaints from the U.S. about subsidies for Airbus, with the U.S. accusing the EU of continuing to flout WTO rulings on the matter.
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  • Sep. 21, 2012, 5:54 AM
    Boeing (BA) wins a $3.3B order for 11 787 Dreamliner jets from All Nippon Airways and will deliver the plans in 2018-2021. Separately, Boeing yesterday said it plans to outfit 747-8, 777 and 787 jets with equipment that will allow passengers to make mobile phone calls from the planes from next year - if the FAA agrees - and access WiFi from 2014. (Connectivity PR)
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  • Sep. 20, 2012, 9:56 AM
    Irish air-leasing company Avolon finalizes an order for 15 fuel-efficient Boeing (BA) 737 MAX jets and 10 Next-Generation 737-800s in a deal worth $2.4B at list prices. With the booking, which was first announced as a commitment in July, Boeing has received 664 orders for the 737 MAX from seven customers. (PR)
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  • Sep. 19, 2012, 5:43 AM
    The FAA yesterday issue preliminary rules for the increased fuselage testing of over 1,600 Boeing (BA) 737 jets as the regulator looks to prevent undetected cracks from opening up during flights and causing rapid decompressions. The FAA move comes after Southwest Airlines jets developed holes in their cabins last year and in July 2009.
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  • Sep. 16, 2012, 4:27 AM
    Boeing (BA), Northrop Grumman (NOC) and other major U.S. aerospace and defense companies are weighing their responses to EADS's proposed merger with BAE Systems, the WSJ reports. Options include opposing the tie-up or trying to forge their own deals, although companies are unlikely to make immediate moves.
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  • Sep. 14, 2012, 6:12 PM
    The NTSB recommends inspection of all GE GEnx-1B and -2B engines, and says repetitive inspections of the engines should be required. The alert stems from two incidents where fan-midshaft cracks were found in a GEnx-1B in two different Boeing (BA) 787s, and where similar cracks were found in GEnx-2B engines in a Boeing 747-8F cargo plane.
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Company Description
Boeing Co, together with its subsidiariesdesigns, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services.