BA - The Boeing Company
| Previous Close | 347.90 |
| Open | 342.10 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 338.50 - 350.03 |
| 52 Week Range | 292.47 - 446.01 |
| Volume | 7266941 |
| Avg. Volume | 4,388,112 |
| Market Cap | 197B |
| Beta (3Y Monthly) | 1.24 |
| PE Ratio (TTM) | 52.68 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 8.22 (2.35%) |
| Ex-Dividend Date | 2019-11-07 |
| 1y Target Est | N/A |
- Yahoo Finance Video
Boeing 737 max troubles will extend into 2020: FAA
Yahoo Finance’s Adam Shapiro, Julie, Scott Gamm and Akiko Fujita discuss the most recent developments in the Boeing 737 Max scandal on On The Move.
- Reuters
China's aviation regulator raised concerns with Boeing on 737 MAX design changes
China's aviation regulator raised "important concerns" with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China. China is reviewing the airworthiness of the plane based on proposed changes to software and flight control systems according to a bilateral agreement with the United States, Civil Aviation Administration of China (CAAC) spokesman Liu Luxu told reporters at a monthly briefing. China was the first country to ground the 737 MAX after the second crash in Ethiopia in March and had set up a task force to review design changes to the aircraft that Boeing had submitted.
- Bloomberg
The Trump (and Brexit) World Trade Disorganization
(Bloomberg Opinion) -- This week, a core function of the World Trade Organization — founded in 1995 to govern the rules of trade between 164 countries — ground to a halt.The reason for that was U.S. President Donald Trump, who has never really had much time for multilateral institutions. The WTO has been on his hit-list for some time as an entity that he says has taken advantage of the U.S. and favored China, and now he has successfully moved to paralyze one of its most critical mechanisms: Dispute settlement. After repeatedly blocking new appointments to the seven-member body that decides on appeals at the WTO, the Trump administration has rendered it basically unworkable. Without an effective appeals process, why file a complaint at all?You could forgive the average person on the street for shrugging their shoulders at the thought of a dysfunctional WTO, which over the past two decades has had its fair share of messy moments. Negotiations in 2001 to lower trade tariffs around the world, called the Doha round, went nowhere. China’s entry into the club has neither opened up its economy, nor created a level playing field when it comes to potentially market-distorting subsidies. And as for the appeals process, the WTO’s most famous recent case — Airbus versus Boeing — has lasted 15 years without a clear winner. In 2016, Airbus’s boss at the time said the spat had only really benefited “the armies of lawyers” paid to fight it.All that said, there is a real and serious significance to the gridlock. Whatever the WTO’s flaws, and the obvious need for reform, Trump’s campaign has moved beyond constructive criticism and into assault. His weapon of choice is the punitive tariff and his target of choice is China, creating precisely the kind of bilateral trade war that the WTO works to avoid. Indeed, for all of the WTO’s failures to rein in China or deliver tariff agreements, its chief success has been convincing members to stick to a common legal framework rather than fight trade wars. Ralph Ossa, a professor at the University of Zurich, estimated in 2015 that this success was worth $340 billion annually to the world economy.Couple this with the impending departure of the U.K. from the European Union, which would create new potential barriers between Britain and its biggest trading partner, and this is a true milestone in the backlash against the post-Cold War order. That reaction may be justified in some areas, considering globalization’s legacy on workers’ rights and fair trade, but promising voters a better “deal” by wielding trade policy like a weapon can easily backfire. Trump’s lofty promises to fight trade cheats and currency manipulators have also resulted in a shrinking U.S. manufacturing sector. And across the Atlantic, the Conservatives’ promise to “get Brexit done” has saddled the U.K. with divorce papers that give it barely a year to negotiate a new trade deal with an EU eager to defend its market and economic interests. As world trade shifts from organization to disorganization, what is key is the response from actors like the EU and countries in Asia. It’s vital that Europe builds and improves on multilateral institutions. It’s likely the EU will keep finding itself in Trump’s cross-hairs, and the bloc is not in a position to engage in a prolonged trade war with the U.S. without serious internal disunity. Academics in France, Japan and Canada have proposed a “Euro Pacific Partnership” covering 40% of world trade that would defend multilateral dispute settlement at the WTO while also taking a tough line on enforcing intellectual property, government subsidy, human rights and data-transfer rules. Trump’s actions have made initiatives like this more likely: An EU backup plan that would create a way to keep on settling international trade disputes without the U.S. has gained support from Canada, Norway and now China.The alternative is, as plenty of trade officials have noted, the law of the jungle. That might suit Trump -- a self-styled "tariff man" \-- just fine. But everyone else should worry.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- MarketWatch
FAA analysis predicted many more Boeing Max crashes without a fix
After the first crash of a Boeing 737 Max last year, federal safety officials estimated that there could be 15 more fatal crashes of the Max over the next few decades if Boeing didn’t fix a critical automated flight-control system.
- Barrons.com
Space Tourism Is Getting Closer. Here’s How Much It Will Cost.
(AMZN) CEO Jeff Bezos’s privately held space company, Blue Origin, just completed another successful launch. The trip brings the rocket company closer to its goal of carrying tourists into space—a journey that would be fun, but expensive. “This mission was another step toward verifying New Shepard for human spaceflight as we continue to mature the safety and reliability of the vehicle,” reads the company’s Wednesday news release.
- Investor's Business Daily
FAA Chief Hints At New Boeing Penalty As 737 Max Return Slips Further
FAA chief Stephen Dickson said the Boeing 737 Max won't be cleared to resume flying before the end of the year and hinted more enforcement action may be on the way.
- American City Business Journals
Southwest Airlines adds summer flights despite not knowing fate of 737 MAX planes
The low-fare behemoth is betting the Boeing MAX will be back in service by the time the peak summer travel season begins.
- Benzinga
FAA Won't Recertify 737 MAX Until 2020, Administrator Says
The U.S. Federal Aviation Administration (FAA) has no timetable for recertifying the troubled Boeing 737 MAX jetliner for flight as it carefully studies Boeing Co.'s (NYSE: BA) fixes to the plane's flight control software and new pilot training procedures, Administrator Stephen Dickson told a House panel Wednesday.
- American City Business Journals
Major airline to expand San Antonio service to multiple cities
The expansion comes after the carrier cut back service this summer due to issues with the Boeing 737 Max aircraft.
- Investor's Business Daily
Stock Market Ekes Out Gains As Fed Keeps Rates Untouched; Watch This Retailer's Earnings
The stock market put in a mixed performance Tuesday, as the Fed left interest rates unchanged after its final meeting of the year, as expected.
- Bloomberg
Boeing's Timeline on 737 Max Return Foiled Again
(Bloomberg Opinion) -- As another deadline for the return of Boeing Co.’s troubled 737 Max slips out of reach, the aerospace company doesn’t appear to have any better handle on its messaging now than it did when this crisis started more than a year ago.Federal Aviation Administration Administrator Stephen Dickson told CNBC on Wednesday that the agency won’t complete the necessary approvals for the Max’s return until 2020. The plane has been grounded since March following the second of two fatal crashes linked to a flight-control software system. That’s a notable contrast to Boeing’s last official timing update, which called for the FAA to give it the green light to start shipping stockpiled jets by December. Regulators weren’t expected to certify new pilot-training requirements until several weeks later and airlines wouldn’t be able to fly the Max until they did, but beginning the process of clearing out the glut of undelivered jets would help Boeing manage its cash crunch and avoid further production cuts.At the time, I wondered why the FAA would be willing to bifurcate the certification process in order to throw Boeing a bone like this. It would appear from Dickson’s comments that he isn’t on board with this timeline. “Boeing’s plan is not the FAA’s plan,” Dickson said on CNBC. That puts Boeing in the awkward position of once again being on the wrong side of conservatism. The company has repeatedly moved the goal posts for the Max’s return. Boeing initially said it was on track to have the final paperwork on planned software fixes in to the FAA by late March and hosted a junket just weeks after the second crash to sell the fixes to customers and the media. Setbacks ensued, but Boeing told customers it was targeting FAA approval of the software fix as early as the third week of May and an ungrounding around mid-July, according to a Reuters report in April. More setbacks ensued, so Boeing said in July that it expected to have all recertification materials in to the FAA by September with the goal of having the grounding lifted in October – even as the Wall Street Journal reported that regulators and pilot union leaders at the time believed 2020 was more likely. Airline executives have cast their own doubts on Boeing’s timetables, with Gary Kelly, CEO of Southwest Airlines Co. — the largest Max customer — saying last month that he wasn’t “highly confident about a mid-December ungrounding date.”Clearly, no one has had a crystal ball when it comes to the Max crisis, but the past year has taught us the conservative approach is the prudent one, particularly as regulators contend with the damage done to their own reputations and the overall perception of safety in the aviation industry. And it is telling that after all this time, Boeing is still finding itself the one with the most aggressive assumptions.It’s a natural instinct to want to motivate your employees and soothe your shareholders. But amid persistent accusations that Boeing prioritized profits over safety in the development of the Max and rushed the initial rollout, it’s stunning that the company remains blind to the optics of deadlines that repeatedly prove overly optimistic or give the impression of special treatment from the FAA. Boeing has made changes to insulate its engineers from the company’s financial concerns and offered frequent sweeping commitments to safety. That said, CEO Dennis Muilenburg wasn’t willing or wasn’t able to detail specific changes to the company’s relationship with the FAA that he would support when he testified before Congress in October. I remain unconvinced that the right incentives are in place to ensure Boeing makes the kind of deep-rooted changes that are necessary, but the FAA’s unwillingness to be corralled into following the company’s timelines is a positive start.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Investor's Business Daily
Dow Jones Joins Stock Market Rally After Fed Signals No Rate Cuts Next Year
The Dow Jones Industrial Average erased its losses after the Fed left rates unchanged, as expected, and signaled it may hold rates steady through 2020.
- Reuters
Global airlines chief warns on spiralling delays to Boeing 737 MAX
Airlines face significant problems if the return to service of the Boeing 737 MAX drags on for months longer, the head of the International Air Transport Association said on Wednesday. IATA Director General Alexandre de Juniac told Reuters many airlines could cope with the latest delay in the plane's return announced earlier on Wednesday, but were nearing the end of their ability to manage the shutdown smoothly. The head of IATA, whose 290 airlines represent 82% of global traffic, was speaking shortly after the U.S. Federal Aviation Administration said the jet would not return to service in 2019.
- Reuters
US STOCKS-S&P 500, Nasdaq higher ahead of Fed meet; Dow hit by Boeing, Home Depot
The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve's December policy statement for clues on the domestic economy's strength, while the Dow Jones index was pressured by losses in Boeing and Home Depot. The U.S. central bank is widely expected to keep borrowing costs steady in its policy announcement, due at 2:00 p.m. ET (1900 GMT).
- Reuters
FAA probing Boeing 737 production issues as Congress raises concerns
The Federal Aviation Administration (FAA) said Wednesday it has an ongoing investigation into reported production problems involving the Boeing 737 after a former employee reported extensive issues. Under questioning from lawmakers at a U.S. House hearing, FAA Administrator Steve Dickson confirmed the agency is reviewing issues. "We are looking into those problems and we will continue to do so," Dickson said.
- Reuters
FAA probes Boeing 737 MAX production, says it won't approve jets' return this year
WASHINGTON/SEATTLE (Reuters) - The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues involving Boeing Co's 737 MAX and confirmed the agency will not approve the grounded commercial jet for flight before year end. At a hearing before U.S. lawmakers, FAA chief Steve Dickson cited a series of steps that still must be completed before 737 MAX approval. A significant delay in 737 MAX approval could force Boeing to cut or even halt production of the aircraft, the planemaker has said, with repercussions across its global supply chain and for scores of airline customers.
- Benzinga
Boeing Is Redesigning 7,000 Planes. It's Not What You Think.
Boeing Co (NYSE: BA) is committing to work on a redesign of engine inlets and engine fan cowls on its older generation 737s at the urging of federal regulators. The move follows a recommendation from the National Transportation Safety Board, which said the redesign is needed to avoid incidents like one that killed a passenger on a Southwest Airlines Co (NYSE: LUV) flight last year. The fan blade break that caused that accident in April 2018 isn’t as likely to occur again, as changes are already underway in how fan blades are inspected.
- Reuters
US STOCKS-Dow falls as Boeing, Home Depot weigh; S&P 500, Nasdaq cling to gains
The Dow Jones index was pressured by losses in Boeing and Home Depot on Wednesday, while the S&P 500 and the Nasdaq held on to gains as traders awaited the Federal Reserve's December policy statement for clues on the strength of the domestic economy. The U.S. central bank is widely expected to keep borrowing costs steady in its policy announcement, due at 2:00 p.m. ET (1900 GMT).
- Reuters
UPDATE 2-Israel Aerospace says it has fix to get converted Boeing 737s flying again
Israel Aerospace Industries (IAI) on Wednesday said it expected the national aviation authority to approve a fix on Thursday to allow some Boeing 737 freighters converted by the state-run firm to resume flying. IAI had earlier advised customers not to fly them after saying it had detected an "apparent irregularity" in the production process of a rigid barrier installed in some of the conversions. IAI said it had proposed an interim solution, which was reviewed by Civil Aviation Authority of Israel (CAAI).
Reuters VideosFAA 'rolled the dice' on safety with 737 MAX - Rep. DeFazio
Representative Peter DeFazio, who chairs the House Transportation and Infrastructure Committee, said in his opening remarks that the FAA's own internal analysis, done after the fatal crash of a Lion Air 737 MAX flight in October of 2018, showed that a design flaw in the plane's software could result in "as many as 15 future fatal crashes." The software, known as the Maneuvering Characteristics Augmentation System, or MCAS, is an anti-stall system. A second 737 MAX, belonging to Ethiopian Airlines, crashed months later. DeFazio and other U.S. lawmakers questioned three top FAA officials on why the government agency didn't take more aggressive action to prevent the second crash. FAA Administrator Stephen Dickson told the committee, “We are humbled when our best efforts fail.” But, he added, “The system is not broken.”
