From Puget Sound Business Journal:
The U.S. Air Force announced Wednesday it will replace the president's plane, Air Force One, with a Boeing 747-8. Boeing has been slowly phasing out the large, heavy planes as airline orders have dropped off. But there had been rumors the Air Force was looking to buy up a few of the 747s before the production line was closed for good. Now, it appears the Air Force has submitted a sole-source contract to Boeing for two 747-8s and the modifications necessary to convert them into Air Force One, according to Reuters. The details of the new contract were not released.
Boeing (NYSE: BA) received three orders for new 747-8s, which are built in Everett, the first week of January. That was more than Boeing received in all of 2014.
United Launch Services LLC, Littleton, Colorado has been awarded a $382,926,946 firm-fixed-price modification (P00061) to FA8811-13-C-0003 to order Launch Vehicle Production Services (LVPS) under the requirements contract terms of the basic contract. This modification executes a requirement for fiscal 2015 LVPS in support of the launch vehicle configuration of one Air Force Delta IV (5,4), one Navy Atlas V 551, and one National Reconnaissance Office Atlas V 401. The total cumulative face value of the contract is $4,077,326,882. This modification adds three pre-priced contract line items for the aforementioned configurations and does not constitute a change in specifications or an exercised option. All remaining Phase I fiscal 2015 LVPS orders not included in this modification will be ordered under separate modification to the contract as funding becomes available.
BUFFALO, N.Y., Jan. 27, 2015 /PRNewswire/ -- CTG (NASDAQ: CTG), an information technology (IT) solutions and services company, today announced that it has been selected by The Boeing Company, the world's largest aerospace company, as a supplier to support its recruited Contract Labor Program. Under the agreement, CTG has been designated as a contract labor national supplier in the Information Technology industry category.
CTG Interim Chief Executive Officer Brendan M. Harrington commented, "We are delighted to be selected by the Boeing Company, as a national supplier of IT resources under its recruited Contract Labor program. The opportunity to support Boeing, the global leader in the aerospace industry and among the top 30 companies in the Fortune 500, is indeed an honor. We look forward to doing our best to provide Boeing the level of service and quality of resources that have made CTG a large supplier of IT talent to several other companies in the Fortune 500."
At $39M each, I don't think it will be a problem. Keeps the line working, employees busy, supply chain steady. They already have plenty of work for other customers.
5 days to go till month end. Deliveries now at 28.
Only 19 737's.
Planes must be stacked up on runways waiting for delivery.
No idea what the holdup is.
Snowing like crazy here on Cape. Wind is howling.
And blizzard conditions don't start till midnight (and last till 7 am).
Snow all day tomorrow
Boeing Co., Mesa, Arizona was awarded a $295,866,116 firm-fixed-price foreign military sales (Indonesia) contract for eight AH64E Apache attack helicopters. Work will be performed in Mesa, Arizona with an estimated completion date of Feb. 28, 2018.
From Seattle times:
Billionaire Elon Musk’s Space Exploration Technologies Corp. agreed to drop its lawsuit challenging U.S. contracts for military satellite launches awarded to a joint venture of Boeing and Lockheed Martin.
An agreement between the company, known as SpaceX, and the Air Force sets a path “that improves the competitive landscape and achieves mission assurance for national-security space launches,” according to a joint statement on Friday by the company and the Air Force.
Musk had campaigned at the Pentagon, before Congress and in the courts against what he called a monopoly that the Air Force gave the Boeing-Lockheed joint venture, United Launch Alliance. The market for military satellite launches has been estimated at $70 billion through 2030.
The agreement to dismiss the lawsuit came after SpaceX, United Launch Alliance and the Air Force participated in mediation overseen by former Attorney General John Ashcroft, according to a court filing Friday. “The parties have now settled the matter and stipulated dismissal” of SpaceX’s suit, U.S. Court of Federal Claims Judge Susan Braden wrote in a brief order outlining the treatment of confidential information in the case. The Air Force will work with Hawthorne, Calif.-based SpaceX to complete its certification for military satellite launches “in an efficient and expedient manner,” according to the statement by the service and the company. The Air Force also agreed to expand the number of “competitive opportunities” for launches while honoring its current contracts with Boeing-Lockheed.
From Seattle times:
Four Boeing Everett employees have been fired for allegedly selling and using drugs at the workplace, company officials said Friday.
“There were both drug sales and drug use on the site,” said Boeing spokesman Doug Alder. “We’re not being specific about the drugs involved.”
In an internal message, Boeing management told employees the terminations “followed a thorough investigation.”
Alder said the results of that investigation have been turned over to police.
Everett police spokesman Aaron Snell said officers are following up on the information provided by the company.
“At this time, it is too early to determine the validity or extent of the alleged drug violations,” Snell said.
Boeing’s message to employees said, “Records show that all work performed by those who violated the policy was inspected or validated by employees who were not part of the investigation.”
No idea. I just post BA info. Snow has turned to rain and everything is slush here on the cape. It will change back to snow in a few hours and everything will turn to ice. It going to be very messy for the next 10 days.
count is now 26 planes with 8 days to go. If they can keep up this rate of deliveries, they might hit 60 this month.
Orlando, Fla., and ST. LOUIS, Jan. 22, 2015 – The F/A-18 Super Hornet infrared search and track (IRST) system, developed and integrated by Boeing [NYSE: BA] and Lockheed Martin [NYSE: LMT], received approval from the U.S. Navy to enter low-rate initial production. The IRST system consists of Lockheed Martin’s IRST21™ sensor, the GE Aviation FPU-13 Fuel Tank Assembly and the Meggitt Defense Industry Environmental Control unit. The system demonstrated its production readiness through a series of extensive assessments and reviews, including flight tests.
SEATTLE, Jan. 22, 2015 – The Boeing [NYSE: BA] Maritime Surveillance Aircraft (MSA) program is ready for customer demonstration flights, having completed the baseline ground and flight testing of the aircraft mission systems. Flights for prospective customers around the world are scheduled to begin in the coming months. The mission system testing followed last year’s airworthiness and certification testing.
Depends on what the market does and the earnings report.
Traders usually sell just prior to or just after earnings.
If the earnings announcement offers some new positive news about 2015 and beyond it could go up significantly.
Even if the earnings meet expectations, analysts will look for margin growth, tanker progress, 787 program costs, tanker cost, etc.
Don't look for a stock split while they have a large buyback in progress..
With only nine days to go in the month, BA has delivered 21 planes. We have to wait for the 2014 earnings announcement to see if they keep/raise/lower the 2015 delivery expectations.
Boeing Co., Mesa, Arizona, was awarded a $14,583,600 modification (P00002) to contract W58RGZ-14-C-0018 to increase the quantity of AH-64E Apache full rate production Lot 5 aircraft. The modification adds additional advance procurement funding to purchase of long lead items.