|Bid||372.98 x 900|
|Ask||373.05 x 800|
|Day's Range||370.00 - 374.25|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||21.39|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||8.22 (2.20%)|
|1y Target Est||420.33|
Boeing's Starliner capsule has successfully touched down at the US Army'sWhite Sands Missile Range even though it didn't deploy all of its parachutes
Kitty Hawk, the flying car company backed by Google's Larry Page and led byUdacity co-founder Sebastian Thrun, has struck a deal with aerospace giantBoeing
On June 26, the Department of Commerce released the May preliminary report on durable goods. The overall durable goods orders fell 1.3% in May compared to a fall of 2.8% in April.
Orders for U.S. durable goods suffered over a canceled deal for Boeing’s troubled 737 Max jet. Yet business investment perked up in a reassuring sign amid a tense trade fight with China and signs of a slower U.S. economy.
New orders for key U.S.-made capital goods rose more than expected in May and shipments increased solidly, suggesting some stabilizing in business spending on equipment after a drop early in the year. Other data on Wednesday showed a surge in the goods trade deficit last month, leaving intact expectations that economic growth was slowing sharply in the second quarter after getting a temporary boost from a burst in exports and inventory accumulation in the first three months of the year. The Commerce Department said orders for non-defence capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.4% last month amid increases in demand for machinery, and computers and electronic products.
New orders for key U.S.-made capital goods rose more than expected in May and shipments increased solidly, suggesting some stabilizing in business spending on equipment after a drop early in the year. Other data on Wednesday showed a surge in the goods trade deficit last month, leaving intact expectations that economic growth was slowing sharply in the second quarter after getting a temporary boost from a burst in exports and inventory accumulation in the first three months of the year. The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.4% last month amid increases in demand for machinery, and computers and electronic products.
Boeing made a big splash in Paris at the air show with an order for 200 737 MAX jets from British Airways parent International Consolidated Airlines. The aerospace industry appears to be standing behind the still-grounded jet.
Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co's grounded 737 MAX jets to the skies following two deadly crashes. The meeting, organized by industry trade group the International Air Transport Association (IATA), comes as airlines grapple with the financial impact of a global grounding of nearly 400 737 MAX jets that has lasted three months. Boeing, the world's largest planemaker, has yet to formally submit proposed 737 MAX software and training updates to the U.S. Federal Aviation Administration (FAA), which will kick-start a re-certification process that could take weeks.
The S&P; 500 inched up 8 points, or 0.3%, by 9:48 AM ET (13:48 GMT). The Dow rose 59 points, or 0.2%, and the tech-heavy Nasdaq composite was up 74 points, or 0.9%.
After running out of space at its Puget Sound region facilities, Boeing is now flying 737 Max jets to an airport in eastern Washington state, for storage until the grounding is lifted.
After opening a new headquarters in Renton in May and rebranding its MRJ as the new "The SpaceJet," Mitsubishi Aircraft makes a $550 million move to bolster Japan's first commercial jet, which is being flight tested in Washington.
(Bloomberg) -- Bombardier Inc. is selling its regional-jet business to Mitsubishi Heavy Industries Ltd., ending the Canadian company’s foray into commercial aircraft after more than three decades.Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ program, the companies said Tuesday. The Tokyo-based manufacturer, which is developing the first Japanese-built airliner since the 1960s, will also assume liabilities of about $200 million.The deal caps a multiyear overhaul for Bombardier, which until recently had ambitions to challenge Boeing Co. and Airbus SE with an all-new single-aisle jetliner. As the so-called C Series plane suffered from delays and cost overruns, Chief Executive Officer Alain Bellemare unloaded that program and a turboprop line after taking the helm in 2015 and refocused Bombardier on business jets and passenger trains.“It was very clear when I came in 2015 that commercial was kind of a drag on Bombardier,” Bellemare said in an interview. “We had a very strong business-aircraft franchise, and now that we’ve addressed all the pieces of the commercial side, it’s a good moment.”Bombardier rose 3.2% to C$2.26 at 1:35 p.m. in Toronto, the second-biggest gain on Canada’s benchmark S&P/TSX index. The announcement was made after the market close in Japan.SpaceJet DebutWith the transaction, Mitsubishi gains an experienced engineering corps and a global-sales and support organization to help market its nascent jet lineup as the unprofitable CRJ winds down over the next year and a half. Mitsubishi is rolling out a roomier regional-aircraft line dubbed the SpaceJet, and it highlighted a new, lighter 76-seat model at last week’s Paris Air Show.Mitsubishi has spent at least $2 billion developing its initial plane, originally known as the MRJ, which has battled delays and slow sales due to its heavy weight that violated restrictions in U.S. pilot union contracts. The company, which sees global demand for more than 5,000 regional jets over the next two decades, is seeking to snare sales away from Embraer SA, particularly for U.S airlines.Boeing has close ties to both planemakers. Mitsubishi, a longtime industrial partner, has hired several former executives of the U.S. manufacturer and opened a flight-testing center near a Boeing operation in Moses Lake, Washington.The U.S. aerospace giant is taking over Embraer’s commercial-jet division, including a plane with its own weight issues. Embraer’s upgraded E2 line has an aircraft with as many as 146 seats.‘Turnaround Journey’The Mitsubishi deal follows a move last year by Bombardier to hand control of its C Series jetliner program to Airbus, which renamed the plane the A220. Bombardier this year completed the sale of its Q400 turboprop program to De Havilland Aircraft of Canada Ltd.“It feels good to get this done four years into the turnaround journey,” Bellemare said.The Mitsubishi deal gives Bombardier “a fair price for a program that was winding down,” said Cam Doerksen, an analyst with National Bank Financial. “It was a good outcome for Bombardier.”After the deal closes, Montreal-based Bombardier will assemble CRJ planes at a factory in Mirabel, Quebec, working off the order backlog on behalf of Mitsubishi. Bombardier will also supply spare parts for the plane, which is expected to end production in the second half of next year, the companies said.Bombardier has 1,600 employees at the factory, said spokesman Olivier Marcil. Of those, three quarters will join Mitsubishi while the rest remain to carry out the current CRJ production run. “We don’t expect to cut any factory jobs in the short term,” Marcil said.Mitsubishi will assume Bombardier’s interest in a regional-jet securitization program, which is valued at about $180 million. Bombardier will retain liabilities representing part of credit and residual-value guarantees totaling approximately $400 million.\--With assistance from Julie Johnsson.To contact the reporters on this story: Richard Clough in New York at firstname.lastname@example.org;Jack Pitcher in New York at email@example.comTo contact the editors responsible for this story: Brendan Case at firstname.lastname@example.org, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg Opinion) -- What do people do for a living in the New York-Newark-Jersey City metropolitan area? If you rank the sectors with the most jobs, it’s health care, retail, leisure and hospitality — which rank near the top almost everywhere. A more revealing way to sort things is by employment location quotient, which is provided by the Bureau of Labor Statistics as part of its Quarterly Census of Employment and Wages data and measures how much more prevalent an industry is in one area than in the nation as a whole. These are, in effect, the New Yorkiest industries:The list goes to 19 because when it went to 20 I got warning messages from Bloomberg’s in-house charting app that the graphic was too big. Which made me sad, because the next two “industries” in the ranking were the oh-so-New Yorky theater companies and art dealers. These are all what are known as four-, five- and six-digit industries under the North American Industry Classification System, meaning not broad sectors but narrow and sometimes very narrow ones. I weeded out overlap, so there should be no double-counting of jobs in the above numbers. Someone who really cared about about design and readability wouldn’t try to squeeze so much into one table, I know, but I was more interested in the gloriously true-to-cliché but also quite informative picture of the New York-area economy that such a long list provides.Related: Where Microbrewery Jobs Are OverflowingFinancial Jobs Aren’t Just in New YorkA Booming Local Health-Care Industry Isn’t Always a Good Thing The Internet Is Everywhere, But Internet Jobs Aren’tThere’s journalism, represented by the two parts that I’ve been working in since coming to New York in 1996 (news syndicates and periodical publishers), and its relatives in advertising and public relations. There’s high finance. There’s fashion. There’s books. There’s music (that’s the kind of record production they’re talking about). There’s performing arts. There’s fashion. There’s the diamond guys. There’s the newsstands. There’s the photo-equipment stores, or at least the photo-equipment wholesalers. And there’s … libraries and archives, for which the best explanation seems to be that the New York Public Library is a private nonprofit that gets funding from the city, meaning that its employees are almost certainly included in the by-industry data (which excludes government workers) while public library workers in most cities are not.Here’s the same exercise for the nation’s second-largest metropolitan area, Los Angeles-Long Beach-Anaheim. It delivers on the clichés as well, with agents — of course! — coming in first place.Just missing the cut here was “other aircraft parts and equipment,” a remnant of an industry that used to be a very big deal in the Los Angeles area but has been decimated since the early 1990s.(2) Overall the list is a mix of well-paid entertainment industry work and grittier, less-well-remunerated manufacturing and wholesaling jobs (although pay is pretty good in doll, toy and game manufacturing, thanks to the presence of industry leader Mattel Inc.’s headquarters in El Segundo). This preponderance of blue-collar industries won’t come as a surprise to people in the Los Angeles area — which is also home to the country’s two busiest ports, among other things — but it doesn’t exactly accord with the area’s global image. Oh, and the high location quotient for HMO (short for health management organization) medical centers is a California-wide thing: Kaiser Permanente, an Oakland-based nonprofit HMO(3) that runs its own network of hospitals, has a 50% share of the state’s health insurance market. Here are the top-location-quotient industries in the nation’s third-largest metropolitan area, Chicago-Naperville-Elgin:They still make a lot of stuff in and around Chicago! Manufacturing employment in the area is not what it used to be, with a 39% decline since 1990 compared with 27% nationwide, but it’s been mostly rising since 2010. There are also signs here of Chicago’s role as a mid-American economic hub: the commodities markets, the professional organizations, the credit bureaus. There’s not much sign of likely growth industries of the future, though — and to some extent, that’s true of all three of the biggest metro areas.One can make these lists for every U.S. metropolitan area, and even every county, using the BLS’s QCEW data viewer. The agency suppresses local industry data when it might reveal details about individual employers, so smaller areas will often deliver less accurate rankings. Still, it’s a wonderful way to explore the nation’s far-from-uniform economic geography, as I’ve been doing in my columns for the past few days. And I really should stop there, but as I was looking through a few other metro areas’ most distinctive industries, I came across this great top 10 for Seattle-Tacoma-Bellevue: One can find all the Seattle area’s iconic modern corporations reflected here: aircraft manufacturer Boeing Co. (which moved its corporate headquarters but not much else to Chicago in 2001), software giant Microsoft Corp., “electronic shopping and mail-order house” Amazon.com Inc., coffee juggernaut Starbucks Corp.(4) But signs of the area’s past are apparent, too, in the form of fishing, seafood packaging, the port — and the by-now-totally-retro monorail. Local economic data can tell some very interesting stories.(1) Worse than decimated, actually. Employment in transportation equipment manufacturing in the Los Angeles area is down 65% since 1990.(2) The preferred term for what Kaiser does now seems to be integrated managed care consortium, but the acronym IMCC hasn't really caught on.(3) Starbucks headquarters employees do not appear to be included in the tally for coffee and tea manufacturing, but workers at its "flexible roasting plant" in the Seattle suburb of Kent probably are.To contact the author of this story: Justin Fox at email@example.comTo contact the editor responsible for this story: Brooke Sample at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
A SpaceX launch early Tuesday saw the Falcon Heavy carrying Air Force payloads for the first time, on its way to eventually putting satellites in multiple orbits.
Markets are expecting the Federal Reserve to cut rates this year after gradual increases since 2015. While broader markets rose after the Fed took a dovish approach in last week’s meeting, does the central bank have the pill to address a slowdown?
(Bloomberg) -- Elon Musk’s Space Exploration Technologies Corp. launched its Falcon Heavy rocket for the U.S. military early Tuesday in a spectacular night time liftoff that Musk described as the company’s toughest yet.The rocket and payload rumbled aloft at 2:30 a.m. local time from NASA’s Kennedy Space Center in Florida after a three-hour delay. SpaceX then recovered the rocket’s two side boosters -- which flew in April as part of the Arabsat-6A mission -- at Cape Canaveral Air Force Station in Florida. The center core failed to land on a drone ship in the Atlantic Ocean.https://t.co/nqzTRmYihI pic.twitter.com/GEvNn2L7IS— Bloomberg (@business) June 25, 2019 Falcon Heavy was carrying 24 satellites for the space agency, Department of Defense research labs and other partners. SpaceX fought for the right to compete for Air Force launches, and Tuesday’s liftoff marks a huge milestone for the company’s relationship with the U.S. military.“It’s the first multi-mission, multi-payload deployment for the Falcon Heavy and that’s really exciting for everybody,” Col. Robert Bongiovi, director of the Launch Systems Enterprise Directorate at the U.S. Air Force Space Command, said in a statement before the launch.The mission, known as STP-2, was to place the 24 spacecraft in three different orbits. The payload includes an Air Force Research Laboratory Demonstration and Science Experiments (DSX) satellite; the National Oceanic and Atmospheric Administration-sponsored Constellation Observing System for Meteorology, Ionosphere and Climate-2 (COSMIC-2) and four NASA experiments, according to SpaceX’s website. The final deployment was scheduled to take place more than 3 1/2 hours after the launch. Shortly before 3 a.m. local time, SpaceX’s Twitter feed began confirming deployment of the first satellites.https://t.co/ywGmMWnOj9 pic.twitter.com/G1gjpUbT3j— Bloomberg (@business) June 25, 2019 SpaceX set a company record last year with 21 launches for customers. Last month, the Hawthorne, California-based company sent up the first batch of its own satellites, a key step toward creating a space-based constellation that beams broadband to under-served areas across the globe.Much of the focus in 2019 has been on the first flight with humans on board. SpaceX and Boeing Co. have contracts with NASA to ferry American astronauts to the International Space Station as part of the agency’s Commercial Crew program.SpaceX completed the Demo-1 flight of its Crew Dragon spacecraft in March without humans on board. But in late April, the capsule was engulfed in flames and destroyed during a test, a mishap that probably will push back the commercial crew schedule. NASA and SpaceX are reevaluating target test dates.(Updates with details of liftoff in the second paragraph.)\--With assistance from Tony Capaccio.To contact the reporter on this story: Dana Hull in San Francisco at email@example.comTo contact the editors responsible for this story: Craig Trudell at firstname.lastname@example.org, Melinda Grenier, Angus WhitleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The consequences for board members of corporations found to violate the law and ethical norms are rare and usually minor. Here's a look at what the board is supposed to do - and sometimes doesn't.
CHICAGO , June 24, 2019 /PRNewswire/ -- Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg reports that the board of directors today declared a regular quarterly dividend ...
United Technologies (UTX) is diversified manufacturer operating in the building and aerospace industries. UTX???s branches include the well-known Otis Elevators, Carrier HVAC, and aerospace engine builder Pratt-and-Whitney.
SpaceX launched its Falcon Heavy rocket valued at $90 million from NASA’s Kennedy Space Center early this morning, June 25, at 2:30 a.m. (See the photo tweeted by SpaceX below.) This was to "be among the most challenging launches in SpaceX history with four separate upper-stage engine burns, three separate deployment orbits, a final propulsive passivation maneuver and a total mission duration of over six hours," according to the firm's website. The Falcon Heavy's reusable side boosters for the mission previously were used for the Arabsat-6A mission in April. Following booster separation for this new mission, the two side boosters landed at SpaceX's Landing Zones 1 and 2 at Cape Canaveral Air Force Station, and the center core tried to land on the "Of Course I Still Love You" droneship, but instead splashed into the Atlantic Ocean.
TransDigm stock is among the top defense stocks to watch. The components maker supplies aircraft firms such as Boeing, Lockheed and Northrop Grumman.