1.The Boeing Co., Seattle, Washington, is being awarded a $295,643,284 advance acquisition contract for the procurement of long-lead items for the manufacture and delivery of 12 Lot II Full Rate Production P-8A aircraft for the U.S. Navy (8) and the government of Australia (4). Work will be performed in Seattle, Washington (82.6 percent); Baltimore, Maryland (6.2 percent); Greenlawn, New York (4.2 percent); the United Kingdom (3.5 percent); and North Amityville, New York (3.5 percent), and is expected to be completed in April 2018.
2.Bell/Boeing Joint Program Office, California, Maryland, is being awarded $15,170,182 for modification 0006 under previously awarded cost-plus-incentive fee, indefinite-delivery requirements contract (N00019-09-D-0008) for repair of various parts on the V-22 aircraft. Work will be performed in Fort Worth, Texas (80 percent), and Ridley Park, Pennsylvania (20 percent). Work is expected to be completed by Dec. 31, 2017.
3.Boeing Aerospace Operations Inc., Oklahoma City, Oklahoma, has been awarded a $6,666,319 modification (P00148) to a firm-fixed-price, time and material, cost-plus-fixed-fee, cost-plus-incentive-fee, and cost-reimbursable contract (FA8106-07-C-0001) for a VC-25 Nitrogen Generation System Study to comply with FAA Final Rule FAA-2005-22997. The total cumulative face value of the contract, including the referenced modification is $316,942,806.
with the month almost half over, deliveries have been very slow. They have beeen able to deliver only 19 planes so far. They need to make a lot of progress in the next two weeks.
CHICAGO, June 23, 2014 /PRNewswire/ -- Boeing [NYSE: BA] Chairman and Chief Executive Officer Jim McNerney reports that the board of directors today declared a regular quarterly dividend of seventy three (73) cents per share.
The dividend is payable Sept. 5, 2014, to shareholders of record as of Aug. 8, 2014.
An engine fire forced evacuation of a New York-bound JetBlue flight before it could take off on Saturday, Puerto Rico airport officials said. Puerto Rico airport authority official Rolando Padua said in a statement that the 186 passengers aboard were evacuated after the pilot halted the A-320 at 7 p.m. EDT (2300 GMT) before it could take off. Firefighters at Luis Munoz Marin airport then extinguished the fire. He said three people suffered minor injuries because of the emergency evacuation.
Boeing announced commercial deliveries for July.
It was 58 planes.
The total is now 400 with 5 months till year end.
So, in order to met year end minimum goal of 715, they need to average 63 planes a month.
So far this Month, they have only delivered 8 planes.
Hopefully they do a better job in August than they did in July.
The planes seem to be rolling out of the production lines but are taking a lot of time to get delivered.
ST. LOUIS., Aug. 1, 2014 – Boeing [NYSE: BA] recently delivered a comprehensive training center for the C-17 Globemaster III airlifter to the Memphis Air National Guard base in Tennessee, improving the service’s training capabilities while reducing travel, maintenance and other operating expenses. The highly realistic training system prepares C-17 pilots and loadmasters for a host of scenarios, including sophisticated mission operations and emergency procedures. Having that capability on site means the 155th Airlift Squadron no longer needs to send personnel elsewhere for training. CAPE CANAVERAL AIR FORCE STATION, Fla., Aug. 2, 2014 – A Boeing [NYSE: BA] Global Positioning System (GPS) IIF satellite, launched late yesterday, has sent the signals to controllers that confirm it is currently operating properly within the constellation that millions of people rely on for timing and navigation information. GPS IIF-7 was launched aboard a United Launch Alliance Atlas-5 rocket from Cape Canaveral. It is the seventh of 12 such satellites Boeing has built for the U.S. Air Force, and the third on-orbit delivery this year. GPS IIF-8, slated for launch during the fourth quarter, arrived at Cape Canaveral on July 16 to undergo final launch preparations.
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.