High short interest. If earnings are ok or better, shorts will have to cover. Stock will go up. For how long, no one knows. Deliveries have been anemic so far this quarter. The next 2 days will tell the story.
The Boeing Co., St. Louis, Missouri, has been awarded a $34,398,802 modification to previously awarded contract for QF-16 full-scale aerial target (FSAT) Lot 4. Contractor will provide 30 QF-16 FSATs and 30 associated 4-year warranties for the QF-16 drone-peculiar equipment.
From NYC787 site: As the 1st quarter of 2015 wraps up on the 787 program, Boeing is making an effort to deliver 12 787s this month. So far they've delivered 7 and the other 5 have had their customer acceptance flights. The lack of any further customer flights this weekend indicates that customers are satisfied with their new airplanes and are ready to take delivery. With the delivery of 5 more 787s in the next 4 days Boeing will have delivered 29 787s in the first quarter.
Back in November 2015, I projected that Boeing would deliver 34 787s in the first quarter. 10 in January, 12 in February and 12 in March. Boeing fell short by 3 in January and 2 in February, and should meet the 12 projected for March barring any unforeseen issues.
For April (and I know this is a familiar story), I am projecting 14 787 deliveries with 11 787-9 and 3 787-8 being handed over. This number includes the 2 787-9 for British Airways that is delayed because of issues at seat manufacturer Zodiac. It is possible that those two may not deliver in April. It should be noted that Boeing would have had 31 787 deliveries in the first quarter had it not been for the issues with Zodiac which delayed the delivery of the 2 787-9 to British Airways. Also in April, Qatar's penultimate 787-8 should be delivered as well as the first 787-9 ordered by Air France-KLM which is going to KLM. All of the 787s that are projected to be delivered next month are all out of the factory and on the flightlines or paint hangars with half of the airframes having already had their first flight.
From Airinsight: A Colorado pilot and Sir Richard Branson have joined forces to help create the next generation of supersonic transportation. Virgin Atlantic earlier this week secured options for the first ten aircraft from a new supersonic jet start up company named Boom. The company plans to produce a 40 seat supersonic jet with range to fly from LA to Sydney at speeds slightly faster than Concorde, around Mach 2.2. The Boom aircraft will be made of carbon fiber composites. Current plan is to build and fly a one third scale model by the end of 2017.
4 days to go and only 48 deliveries. Better than the first two moths but still far behind the monthly average to meet the year end goal. If they deliver the 787's ready for delivery they can hit 53. Still far short of what they need.
The NYC787 site shows 5 more 787's are scheduled to be delivered this month (7 delivered so far). And 12 more in April plus one prior build for British air that is held up for special seats. So they seem to have made the transition from 10 a month to 12 a month with no hiccups. And Charleston test flights are down to 4 from 8 in previous months showing the amount of traveled work has been greatly reduced.
From Business insider:
The US just extended a $10 million contract to defense contractor Raytheon to equip Boeing AGM-86B air-launched cruise missiles with a Counter-electronics High-power Microwave Advanced Missile Project (CHAMP) payloads. These payloads, according to IHS Jane's, will enable the missiles to disable enemy electronics during flight. Missiles equipped with the CHAMP technology can fire microwave pulses at multistory buildings and permanently disable the electric devices within, as was successfully demonstrated during a 2012 test.
WASHINGTON, March 25 (Reuters) - The U.S. government has approved the sale of up to nine Boeing Co P-8A Poseidon maritime patrol planes to Britain in a deal valued at up to $3.2 billion, the U.S. Defense Department said Friday.
The Pentagon's Defense Security Cooperation Agency, which oversees foreign arms sales, notified Congress about the potential sale on Thursday. Lawmakers now have 15 days to block the sale although such action is unlikely given close ties between the United States and the UK.
The proposed sale will enhance Britain's capabilities to provide national defense and contribute to NATO and coalition operations, DSCA said in a statement
LOS ANGELES (AP) -- A Chinese businessman has pleaded guilty to conspiring to hack into the computer systems of U.S. defense contractors, including Boeing, to steal data on military projects, according to court records released Wednesday.
Su Bin, 50, admitted to conspiring with two unnamed hackers in China to export U.S. military information to the communist nation between 2008 and 2014, according to a plea agreement reached in federal California court on Tuesday.
The men targeted fighter jets such as the F-22 and the F-35, as well as Boeing's C-17 military cargo aircraft program, according to court papers
Now at 43 planes. This is not going well. The only way they will salvage anything this quarter is if they significantly lower production costs and buy back a ton of shares.
As of the 22nd the delivery count is up to 40 planes including 5 777's and 5 787's. With 9 days to go, they are far short of hitting the delivery number they need to stay on target.
The Boeing Co., Huntington Beach, California, is being awarded $13,381,495 to exercise a cost-plus-incentive-fee option to a previously awarded contract to continue to provide design agent and technical engineering services in support of the AN/USQ-82 Gigabit Ethernet Data Multiplex Systems program. GEDMS is a shipboard network used for DDG 51 class destroyers. The GEDMS network transfers inputs and/or outputs for the machinery control systems, damage control system, steering control system, AEGIS combat system, navigation displays, and interior communications alarms and indicators.
ISTANBUL, March 22, 2016 /PRNewswire/ -- Boeing (BA) and Turkey's leading low-cost carrier Pegasus Airlines, have finalized an order for five Next-Generation 737-800 airplanes, valued at approximately $505 million based on expected list prices at delivery.
Pegasus Airlines and its subsidiaries, Air Manas and Izair, operate a fleet of 58 737-800s and a total of 69 aircraft. The carrier is based out of Istanbul Sabiha Gökçen International Airport, operating an extensive network of domestic and regional services
The 737 deliveries are returning to normal. They have delivered 15 of them in the last 6 days. The number of daily first flights has been increasing. We should see some 777 deliveries and there are 4 or 5 787's ready for delivery.
Boeing Co., Mesa, Arizona, was awarded an $184,930,000 firm-fixed-price contract for the Apache helicopter full-rate production in Lot 7.
The Boeing Co., St. Louis, Missouri, has been awarded a maximum $11,635,148 firm-fixed-price delivery order against basic ordering agreement for radomes for F/A-18 aircraft.
The U.S. Supreme Court backed the rights of individuals to carry stun guns for self-defense, UNANIMOUSLY siding with a woman convicted of carrying an electrical weapon in a Massachusetts parking lot. In a five-paragraph ruling that to some degree glossed over disagreements on the scope of the Constitution’s Second Amendment, the justices said a Massachusetts court used faulty reasoning in upholding the state’s ban on possession of stun guns. The justices said the state court’s reasoning was inconsistent with the landmark 2008 Supreme Court ruling that said the Constitution protects individual rights to possess guns.“The explanation the Massachusetts court offered for upholding the law contradicts this court’s precedent,” the Supreme Court said in an unsigned opinion. The ruling is a victory for Jaime Caetano, who had said she was protecting herself from an abusive ex-boyfriend. Caetano didn’t serve any jail time for the conviction. The Supreme Court sent the case back to the Massachusetts court without explicitly saying what should happen with Caetano’s conviction. Two justices, Samuel Alito and Clarence Thomas, issued a 10-page concurrence that used far more sweeping language, saying the Massachusetts ruling “poses a grave threat to the fundamental right of self-defense.” “The commonwealth of Massachusetts was either unable or unwilling to do what was necessary to protect Jaime Caetano, so she was forced to protect herself,” Alito wrote for the two. The ruling calls into question laws in as many as five states and more than a dozen cities and towns.
Looks like they have delivered 24 so far. that would make 37 builds and they still have 11 days to go.
I haven't checked Moses lake to see if they have some there. There are a few being painted offsite as well. They have one 787 for British air waiting for seats. That may have been an issue for the 737 in January and February low numbers but no hard evidence of that.