The Boeing Co., St. Louis, Missouri, is being awarded a not-to-exceed $38,199,550 delivery order (0017) under a previously awarded contract (N00383-07-D-001J) for the repair of various parts in support of the AV-8 aircraft. Work will be performed in St. Louis, Missouri, and the expected completion date is June 5, 2015.
(Monday 7-28) The Boeing Company, St. Louis, Missouri, has been awarded a maximum $6,969,157 firm-fixed-price contract for Radome (structural, weatherproof enclosures for radar antenna protection).
RIDLEY TOWNSHIP, Pa., July 29, 2014 – Boeing [NYSE: BA] today delivered the first multiyear II configured CH-47F Chinook helicopter to the U.S. Army one month ahead of schedule. The delivery was celebrated in a ceremony at the production facility in Ridley Township, Pa. “This delivery is an example of teamwork and commitment to the troops in the field,” said Col. Rob Barrie, project manager, Cargo Helicopter Office, accepting the aircraft for the U.S. Army. Boeing was awarded a $4 billion multi-year contract in June 2013 that included 155 CH-47Fs and options for an additional 60 aircraft. Deliveries for this contract are expected to continue through 2019. International customers on contract to receive this advanced configuration include Australia, Turkey and the United Arab Emirates.
EL SEGUNDO, Calif., July 29, 2014 – In a first-of-its-kind arrangement for the company, Boeing [NYSE: BA] is providing a U.S. government customer with military Ka-band satellite communications service from a commercial satellite. Boeing is working with ViaSat to provide an integrated satellite service to the U.S. Government customer. The customer retains the rights to use the service on Inmarsat 5 through Sept. 30, 2015. This satellite, which entered service earlier this year, is the first of four Inmarsat-5 spacecraft being built by Boeing and is a part of Inmarsat’s Global Xpress® system, the world’s first globally available high-speed mobile broadband service for government and commercial users. Boeing is authorized to resell Inmarsat capacity to U.S. government organizations to help address increasing demand for military communications bandwidth.
If they continue to deliver or exceed the numbers they forecast, and the tanker project continues to have minmal issues
they should be able to get the stock price to 150 before 2015. But it is the market that I worry about most. Even great numbers wont help in a bad market environmant.
..(Greg) Smith suggested that the damage will be isolated to the “engineering and manufacturing” contract for the first 18 planes. “We bid the EMD (engineering manufacturing and development) contract for the tanker aggressively, with zero margin, with planned profitability in the production phase,” he said. “Despite our disappointment in encountering these challenges, the issues are well understood, and no new technology is needed to solve them.” A wiring harness refers to how the wiring of an aircraft is brought into central bundles. The intricacies of developing these harnesses can be taxing for aircraft builders. Airbus, for instance, encountered major difficulties in the early development of the A380 because the harnesses were too short. While Smith didn’t specify the exact nature of the tanker problems, he said they are being fixed with engineering and replacements. “This is basic block and tackling as we work around engineering and redesign effort, primarily around the wire harnesses, and manufacturing labor to work through installing those,” he said.
Just read it. Looks like some form of tax settlement will be included (favorable)..
Since it was announced last quarter when they raised full year expectations, it may already be factored in the stock price.
I want to see how many shares outstanding given the buyback.
(Navy) Bell-Boeing Joint Project Office, Amarillo, Texas, is being awarded $69,659,650 for cost-plus-fixed-fee delivery order 0073 against a previously issued Basic Ordering Agreement (N00019-12-G-0006) in support of the V-22 aircraft for the U.S. Air Force and U.S. Navy. This order provides for the non-recurring engineering (Phase II) of the Improved Inlet Solution (IIS) for the V-22 aircraft, including completion of preliminary and critical design reviews; installation of an IIS retrofit kit for installation on a CV-22 aircraft for demonstration and operation; installation of aircraft instrumentation to support flight test analysis; flight and qualification testing of the IIS design; and removal of the instrumentation from the test aircraft following flight testing. Work will be performed Amarillo, Texas (73 percent), and Philadelphia, Pennsylvania (27 percent), and is expected to be completed in December 2018. (Army) Boeing Co., Ridley Park, Pennsylvania, was awarded a $65,358,994 firm-fixed-price contract for 204 Cargo On/Off Loading System (COOLS) A-Kits; 204 COOLS B-Kits; and 22 COOLS Ballistic Protection System (BPS) Kits. Work will be performed in Ridley Park, Pennsylvania, with an estimated completion date of Nov. 29, 2019.
While I agree that Harry shoukd go, voters (both alive and dead) keep putting him bck in office.
SEATTLE, July 22, 2014 – Boeing [NYSE: BA] on July 17 delivered on schedule the first of four upgraded French Airborne Warning and Control System (AWACS) aircraft. The upgraded aircraft will increase the fleet’s surveillance, communications and battle management capabilities. The Mid-Life Upgrade – the largest set of modifications to AWACS aircraft for France – will provide the crew with more actionable information and better situational awareness and increase mission effectiveness and efficiencies. “The focus, commitment and hard work among Boeing, Air France Industries and French and U.S. government teams were key in achieving this milestone on schedule,” said Steve Swanz, French AWACS program manager for Boeing. Delivery followed ground and flight tests at Avord Air Force Base and qualification by France’s Direction Générale de l’Armement.
Boeing escaped Airbus’s shadow on the third day of the Farnborough Air Show as an agreement to sell new 777X jets to Qatar Airways Ltd. drove a $46 billion haul of orders and options. After dominating Boeing on the first two days of the event, Airbus reported one deal yesterday valued at $1.2 billion at list prices, according to data compiled by Bloomberg Industries. Boeing’s accord with Qatar Airways, which isn’t a completed order, is for 50 of the -9X version along with 50 options. The agreement nudged Boeing ahead of Airbus in announced sales at the biggest aviation expo, with about $63 billion to the European planemaker’s $61 billion, the Bloomberg Industries tally showed.
As the Reuters article states, "Boeing needs to notch up profit margins on jetliners, run its factories smoothly, and win price cuts from suppliers."
Earnings upside surprises require increased deliveries and cost reduction from production improvements. Boeing could walk away from the airshow with lots of orders, but that does not
impact earnings in the short term (two years or so). Delivery of these planes being ordered today
wont occcur for number of years.
It is not manipulation by the "Big Boys". Here is Reuters opinion.
NEW YORK (Reuters) - Despite booking billions of dollars in new plane orders at the year's biggest air show this week, Boeing Co (BA.N) and other aerospace companies approach second-quarter earnings as victims of their own success. Boeing's stock soared nearly 80 percent last year, outperforming the Dow Jones Industrial Average and the S&P 500 index. Many suppliers to the world's biggest plane maker also beat the market. But as indexes pushed higher this year, investors sent Boeing down 5.7 percent amid concern that the aviation business cycle may have peaked and that Boeing's ability to produce positive surprises is limited. Suppliers also suffered. For the stock to rise, Boeing needs to notch up profit margins on jetliners, run its factories smoothly, and win price cuts from suppliers. It also must keep booking orders.
Seattle police arrested a man in Tukwila near Boeing Field on Friday afternoon after he carjacked a truck, led officers on a chase and tried to steal more vehicles. Officers responded to a 1:08 p.m. report of an armed carjacking in Pioneer Square, indicating that a man stole a white Ford pickup at Second Avenue South and South King Street, according to Seattle police reports. The robber reportedly threatened to kill the driver. The robber drove south and police found him at Fourth Avenue South and South Holgate Street. Despite officers’ attempts to stop the truck, the driver continued to speed south on Fourth Avenue, Seattle police say. The chase continued until police reached East Marginal Way near Boeing Field. An officer spotted the truck rear-ending a Jeep stopped at the intersection of South Boeing Access Road, East Marginal Way South and Tukwila International Boulevard. After that, the pickup driver ran from the crash site and unsuccessfully tried to rob two other drivers of their cars at the intersection. Police closed in on the robber at a nearby Chevron gas station as he tried to enter the gas station store. No one was injured during the incident. Police booked a 41-year-old man into King County Jail for investigation of robbery and possibly more charges.