The Boeing Company, St. Louis, Missouri, has been awarded an estimated $10,111,976 (P00005) modification to the firm-fixed-price contract (FA8119-12-D-0009) to extend the ordering period of a requirements contract for the repair of 23 B-1B Aircraft Secondary Structural Components. The total cumulative face value of the contract is $30,003,960.
With the first week of July now over, BA has delivered 3 planes and Airbust has delivered 9.
Whule the 4th of July holiday and Summer vacations may have has some BA impact, It isn't clear why deliveries have faltered.
I haven't seen any sign on a delivery today (Tuesday) which is normally a heavy delivery day especially for 737's.
Perry cannot close the borders. The issue is federal, not state. And previous actions to try to correct the problem at the state level have run into federal barriers and lack of co-operation.
The Ex/IM issue is more of a political isssue than financial and the press has been eager to fan those flames.
The whole market was sour today, not just BA. Corporate welfare has been a rally cry of the left for decades
so when the right does it it dimiishes the lefts ability to use it effectively. All this posturing on the Left and Right
is common. The right does seem to have a valid point that a significant amount of the Ex/Im backing goes to large corporations while smaller ones who would really benefit from help do not get what they need. And the left would
like to enlarge the bank to cover that shortfall (and getr more revenue in fees.)
The issue will get resolved and business will go on.
In the meantime, BA gets to buy back stock at a lower price while investors also get to buy in or increase holdings.
As you say, investors should be watching the airshow and earnings results rather than focus on the Hype by media and politicians.
I have both but am considering dumping Airbus. Numbers (orders adn deliveries can affect stock price and signal if there is a problem well ahead of earnings reports.
July 2 2014 from USA Today:
CLinton, Reagan, Johnson 3% each
The railroad has insurance to cover this. But premiums will go up. That is why they need to uncover the cause. If poor mainenance, then it will hike premiums a lot.
Only two were in the river. I am not aware of any cusomized configuration at this level.
I anticipate that a number of these will be ok, The railroad will have to cover the damages.
But the larger issue is what caused the derailment and how to prevent it in the future.,
SEATTLE, July 2, 2014 – Boeing [NYSE: BA] recently helped expand the U.S. Navy’s maritime patrol capabilities with delivery of the 14th P-8A Poseidon aircraft. The P-8A, delivered on schedule, is now with its squadron at Naval Air Station Jacksonville, Fla. Boeing will deliver seven more of the maritime patrol aircraft this year. The first P-8A squadron deployed to Kadena, Japan, in December and has been conducting operational missions ever since. The second squadron will deploy this summer. The Navy plans to purchase the versatile multi-mission aircraft to replace its P-3 Orion fleet. Boeing is currently under contract for 53 P-8As. The most recent delivery is the first from the third low-rate initial production contract awarded in 2012.
Boeing said a BNSF Railway Co train loaded with six 737 narrowbody fuselages and assemblies for its 777 and 747 widebody jets derailed near Rivulet, Montana, on Thursday.
Nineteen cars on the westbound train derailed, Aviation Week reported, quoting BNSF. Three cars carrying 737 fuselages went down an embankment and into a river.
Boeing said it had experts at the scene "to begin a thorough assessment of the situation." The cause of the derailment was under investigation, it said.
From May US labor data:
#1 Rhode Island at 8.2%’
#2 Nevada at 7.9%
#3 Mississippi at 7.7%
#4 Kentucky at 7.7%
#5 California at 7.6%
#6 Michigan at 7.5%’
#7 Illinois at 7.5%
#8 District of Columbia7.5%
#9 Georgia at 7.2%
#10 Oregon at 6.9%
#11 Connecticut at 6.9%
#12 New Jersey at 6.8%
#13 Arizona at 6.8%
#14 Alabama at 6.8%
#15 New York at 6.7%
#16 Missouri at 6.6%
#17 New Mexico at 6.5%
#18 Tennessee at 6.4
#19 North Carolina at 6.4%’
#20 Arkansas 6.4%
#21 Alaska 6.4%’
#22 West Virginia 6.3%
#23 Florida 6.3%
# 24 Washington state 6.1%
#25 Delaware 5.9%
#26 Colorado 5.8%
#27 Wisconsin 5.7%
#28 Maine 5.7%
#29 Indiana % 5.7%
#30 Pennsylvania 5.6%
#31 Massachusetts 5.6%
#32 Maryland 5.6%
#33 Ohio 5.5%
#34 South Carolina 5.3%
#35 Virginia 5.1%
#36 Texas 5.1%
The rest are under 5% (in descending order)
Louisiana, Idaho, Kansas, Oklahoma, Montana, Minnesota, New Hampshire, Iowa, Hawaii, Wyoming, South Dakota, Utah, Nebraska, Vermont, North Dakota.
Press reports Airbus delivered 303 commercial planes for the first 6 months versus Boeings commercial deliveries of 342 in the first 6 months. IT also reported that Airbus sees year end deliveries a bit over 600 planes, a far cry from Boeings low end target of 715.
Definately a good delivery number for commercial planes,
The defense numbers for the second quarter were a bit lighter than Q1 but that was expected.
After checking Sppednews and planespotter, looks like airbus Q2 number will be about 161 and 298 for the half year.Big difference from BA;s 181 for the quarter and 342 for the half year.
I found 43 737;s, 1 747, 1 767, 8 777's and 15 787's delivered in June.
I have not seen any data listing the BDSS data. Only some individual news stories.
Planespotter deliveries are based on flyaways, The number of contractual deliveries is sometimes higher. As Albucucu states below, the mix is imoortant. Given the increase in production numbers, cost should be lower. And this is only part of BA's revenue and profit business. Have to wait to see the other segments,
Boeing said it signed a $2.8 billion contract with NASA to develop the core stage of the Space Launch System (SLS). The agreement comes as NASA and Boeing complete the Critical Design Review on the core stage, the last major review before full production begins, This week, the core stage for NASA's Space Launch System (SLS) has passed its Critical Design Review -- a major milestone for the program which proves the first new design for America's next great rocket is mature enough for production. Components of the core stage test article and actual flight hardware manufacturing is underway at NASA's Michoud Assembly Facility near New Orleans, while development and integration of flight computers and software continues at Marshall. "The SLS program team completed the core stage critical design review ahead of schedule and continues to make excellent progress towards delivering the rocket to the launch pad," said SLS Program Manager Todd May.