BA - The Boeing Company

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    2W - 6W
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Previous Close173.28
Bid178.15 x 900
Ask178.32 x 900
Day's Range169.75 - 179.33
52 Week Range89.00 - 391.00
Avg. Volume45,667,292
Market Cap100.698B
Beta (5Y Monthly)1.47
PE Ratio (TTM)N/A
EPS (TTM)-6.03
Earnings DateJul 29, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 13, 2020
1y Target Est176.05
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Boeing Is Reportedly Getting Creative as It Tries to Move 737 Max Inventory
    Motley Fool

    Boeing Is Reportedly Getting Creative as It Tries to Move 737 Max Inventory

    Boeing (NYSE: BA), facing uncertain demand for its 737 Max jet once it is recertified to fly, is reportedly scrambling to find creative ways for airlines to finance new plane deliveries. The 737 Max has been grounded since March 2019 after a pair of fatal accidents, but Boeing hopes to have the plane cleared to resume flying later this year. The crashes and the publicity that followed them have damaged the 737 Max brand.

  • Report: American Airlines Considering Cancelling Some 737 Max Orders
    Motley Fool

    Report: American Airlines Considering Cancelling Some 737 Max Orders

    American Airlines Group (NASDAQ: AAL) is reportedly considering cancelling some of the Boeing (NYSE: BA) 737 Max planes it has on order, a fresh threat to Boeing's troubled jet. American has orders for 100 737 Max airplanes plus options for 60 more, and as recently as February, was eager to take delivery on the planes as soon as possible. According to a Friday Wall Street Journal report American has threatened to cancel some of its 737 Max orders.

  • MarketWatch

    JPMorgan Chase, Goldman Sachs share gains contribute to Dow's 275-point rally

    DOW UPDATE Shares of JPMorgan Chase and Goldman Sachs are seeing strong returns Friday afternoon, propelling the Dow Jones Industrial Average rally. Shares of JPMorgan Chase (JPM) and Goldman Sachs (GS) have contributed around a third of the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 276 points, or 1.


    American Airlines May Scrub Boeing 737 MAX Orders

    American Airlines Group reportedly is threatening to cancel some of its orders for Boeing's grounded 737 MAX jets. Shares of American were climbing 5.2% to $11.77, while Boeing was rising 2% to $176.73. American Airlines has struggled to secure financing for 17 jets it had expected Boeing to deliver this year, according to The Wall Street Journal.


    American Airlines Might Cancel Some 737 MAX Orders. Here’s What That Means for Boeing Stock.

    The Wall Street Journal reported that American Airlines is considering canceling some orders for the Boeing 737 MAX jet. That would be a fresh blow for the commercial aerospace giant and for the troubled new jet.

  • MarketWatch

    American Airlines could cancel some Boeing orders: WSJ

    American Airlines Group Inc. is threatening to cancel some orders of the Boeing Co. 737 Max jet due to financing troubles, The Wall Street Journal reports. American Airlines ordered 17 of the planes for delivery this year, but has struggled to secure the money to pay for them. With travel halted for many consumers due to the coronavirus, airlines and other companies in the travel industry have been under pressure. United Airlines Holdings Inc. announced this week that it could furlough 36,000 workers in October due to diminished demand. American Airlines stock stock has plummeted more than 60% for the year to date. Boeing shares are down 46.3%. And the Dow Jones Industrial Average has slumped 9.5% for the period.

  • Boeing in scramble to shore up 737 MAX financing - sources

    Boeing in scramble to shore up 737 MAX financing - sources

    Boeing <BAN> is anxious to resume deliveries once regulators declare it safe and airlines agree training. With capital markets unavailable after the collapse in air travel during the coronavirus crisis and banks refusing most new business, only leasing companies have spare financing capacity though many are also fighting their own problems, bankers say. Boeing's strategy, first reported by Reuters last month, has been to encourage lessors to strike deals with airlines to buy MAX jets and rent them back to airlines.

  • Boeing in scramble to shore up 737 MAX financing

    Boeing in scramble to shore up 737 MAX financing

    Boeing <BAN> is anxious to resume deliveries once regulators declare it safe and airlines agree training. With capital markets unavailable after the collapse in air travel during the coronavirus crisis and banks refusing most new business, only leasing companies have spare financing capacity though many are also fighting their own problems, bankers say. Boeing's strategy, first reported by Reuters last month, has been to encourage lessors to strike deals with airlines to buy MAX jets and rent them back to airlines.

  • Reuters

    Engineering group Senior cuts more jobs as virus rattles aerospace

    "The coronavirus pandemic has had a profound effect on our markets and customers since March and the impact will be with us for some time to come," CEO David Squires said. Senior makes parts for original equipment manufacturers in the aerospace, defence, land vehicle and power and energy markets. Analysts at Credit Suisse said in a note on Friday they were impressed with Senior's cash performance and the decline in aerospace revenue was "not as severe as expected going into 2020".

  • Top Buyer Emirates Expects Boeing 777X to Miss 2021 Debut Target

    Top Buyer Emirates Expects Boeing 777X to Miss 2021 Debut Target

    (Bloomberg) -- Boeing Co.’s new 777X jet is likely to miss its planned debut next year, according to the aircraft’s top customer Emirates, which doesn’t expect to receive any planes before 2022.Deliveries of the wide-body jet, which first flew in January, will probably be held up by Boeing’s shutdown at the height of the coronavirus pandemic, together with a lengthy certification process, Adel Al Redha, the Gulf carrier’s chief operating officer, said Thursday in an interview.Emirates is also considering whether to seek a swap of some of the 115 777Xs it has on order -- representing more than a third of the total backlog -- for the smaller 787 Dreamliner, which might be better matched to demand, he said. Accelerating deliveries from an earlier Dreamliner order is a “possibility,” he said.“We will be discussing with Boeing in that regard, if we look what we can do with the 787,” Al Redha said. “We are in a fluid discussion and in the peak of re-examining all these kind of things. It does require re-examination, it does require re-thinking, it does require renegotiation.”Other buyers are also resisting taking delivery of such a large plane when they’re being compelled to shrink operations, according to people familiar with the matter. Boeing is looking at delaying the upgraded 777’s introduction, said the people, who asked not to be named discussing confidential matters. The company’s first new-jet introduction since the grounding of its 737 Max after two fatal crashes also faces increased scrutiny from the U.S. Federal Aviation Administration and other regulators.“I don’t see that they will be able to deliver the aircraft in 2021,” Al Redha said. “We will engage with Boeing to get more visibility. I think 2022 is a safe assumption to make.”Making ProgressBoeing said it’s working closely with its customers to adapt to the evolving Covid-19 situation. The Chicago-based company also said that it would soon add a third aircraft to its flight-testing program.“We continue to execute our robust test program for the 777-9, which began flight testing in January,” Boeing said in a statement, referring to the longest version of the 777X. “We remain pleased with the progress we are making and with the airplane.”Boeing fell 3.8% to $173.28 Thursday in New York. The shares have fallen 47% this year, the biggest drop on the Dow Jones Industrial Average.The FAA said it can’t comment on its efforts to review the manufacturer’s work to upgrade the 777.While the agency is taking steps to make risk assessments more rigorous in the wake of the Max grounding, the certification process for the 777X began before the crashes and shouldn’t be affected by the reforms. All the same, the spotlight on the process could trigger other actions that slow down approval.The timing of the 777X commercial debut has been at the heart of complex negotiations with Emirates, which has already converted some of its original order for the smaller and more versatile Dreamliner. The first delivery for the 777X was originally set for this year, though the date was pushed back to 2021 following issues including delays to the plane’s General Electric Co. turbines.While Emirates’ 2013 order was instrumental in Boeing’s decision to go forward with the 777X, it isn’t clear if the airline or another of the launch group of customers would take the initial delivery.Cash SourceBy potentially accelerating its 787 deliveries, Emirates would help support a critical cash source for Boeing amid an uncertain market for wide-body aircraft. The planemaker has outlined plans to halve Dreamliner production as the Covid-19 pandemic spreads, citing fading demand for near-term deliveries.Chicago-based Boeing will also be eager to begin handovers of the 777X after the Max crisis deprived it of revenue from its best-selling program. But the twin-aisle model, which boasts bigger wings and new engines, is arriving at a time when the high-volume long-haul market it’s designed to serve may be depressed for years.The 777-9 variant is longer than the 747 jumbo Boeing is winding down, and is the first twin-engine jet able to carry a similar number of people. It’s also the company’s priciest model, selling for $442.2 million before customary discounts.Sales, though, have stalled since an initial order flurry when the aircraft was unveiled at the 2013 Dubai Airshow, and anticipated orders from China haven’t materialized amid trade tensions.For the U.S. planemaker, there’s a risk that additional order conversions and deferrals will leave it manufacturing the jet in such low quantities that 777X profitability would be hurt. Qatar Airways, Cathay Pacific Airways Ltd. and Deutsche Lufthansa AG are among customers that are restructuring their fleet plans.Long-Haul SlumpEmirates, the world’s largest long-haul airline, has been hard hit by the unprecedented slump in travel caused by the coronavirus. It’s already had to rethink plans for the double-decker A380, a mainstay of its all wide-body fleet, after a dearth of demand elsewhere led Airbus SE to decline to upgrade the jet and then to terminate the program early.The Gulf carrier, also the biggest customer for the Airbus super-jumbo, plans to take delivery of three A380s during the fiscal year ending in March, Al Redha said. While the delivery schedule for the last five planes remains unchanged, “if the need comes to re-visit, obviously we will do that.”Read more:Boeing Quietly Pulls Plug on the 747, Closing Era of Jumbo JetsEmirates Weighs Biggest Cut Yet as Airline Industry ShrinksEmirates and FlyDubai Evolve From Odd Couple to Best BuddiesHe said he expects 60% to 70% of the current A380 fleet to be back in the air by December. Load factor now exceeds 55% and demand for both economy and premium travelers has strengthened, he said. The airline plans to keep all 115 of the double-decker jets.The Dubai-based carrier will roll out premium economy seats on its newest A380 aircraft slated to be delivered in November, Al Redha said. Some of the existing fleet will be retrofitted from economy to premium economy.Two BrandsEmirates Group is also looking for ways to streamline operations and increase efficiencies, Al Redha said. One of the possibilities that is being considered is combining the back office operations of Emirates with discounter Flydubai, while maintaining two separate companies and identities. Both carriers are owned by Dubai’s government.“There is definitely a scope having to look at how we can reduce the expenses and become more efficient in certain areas, even if requires combining some back office activities,” Al Redha said. Emirates is re-examining all companies within the group, including ground-handling and catering arm Dnata.Emirates and Flydubai have deepened their ties since 2017, embracing route rationalization to minimize duplication.(Updates headline, share price)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • MarketWatch

    Walgreens Boots, Raytheon Technologies Corp. share losses lead Dow's 286-point drop

    DOW UPDATE Shares of Walgreens Boots and Raytheon Technologies Corp. are trading lower Thursday afternoon, propelling the Dow Jones Industrial Average selloff. The Dow (DJIA) was most recently trading 286 points lower (-1.

  • MarketWatch

    Dow's 117-point fall led by losses in shares of Walgreens Boots, Boeing

    DOW UPDATE The Dow Jones Industrial Average is declining Thursday morning with shares of Walgreens Boots and Boeing facing the biggest declines for the index. Shares of Walgreens Boots (WBA) and Boeing (BA) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 117 points (0.

  • Boeing Gets Dealt Another 737 Max Cancellation Blow. What It Means for Boeing Stock
    Motley Fool

    Boeing Gets Dealt Another 737 Max Cancellation Blow. What It Means for Boeing Stock

    Boeing (NYSE: BA) was dealt a fresh blow on Tuesday when aircraft leasing specialist Avolon said it had canceled orders for 27 737 Max jets. The jets represent a small fraction of Boeing's 4,000-jet order book, but for Boeing investors, the risk is a death by one million cuts. This is Avolon's second round of cancellations this year, after calling off plans to buy 75 additional 737 Max planes in April.

  • Rolls-Royce Experiences a Unique Kind of Hell

    Rolls-Royce Experiences a Unique Kind of Hell

    (Bloomberg Opinion) -- Few aerospace companies have been left unscarred by Covid-19, but those that were struggling even before the pandemic are experiencing a unique kind of hell.Boeing Co. was already up against it after grounding its 737 Max jets and it’s expected to burn through as much as $16 billion of cash this year. Among suppliers, few were as vulnerable going into the crisis as Rolls-Royce Holdings Plc, the British jet engine manufacturer. It invested billions of pounds in several new engine designs, only to discover that one — the Trent 1000 — isn’t totally reliable. Fixing this will cost 2.4 billion pounds ($3 billion), and now the collapse in air travel has taken its own toll on Rolls-Royce’s finances.On Thursday, a trading update laid bare just how devastating the virus has been for a company whose propulsion systems power 38% of the world’s wide-body passenger jets, including the Boeing 787 and Airbus A380. The group expects to consume about 4 billion pounds of cash this year. Like Boeing, Rolls-Royce’s liabilities now far exceed its balance-sheet assets.Even in normal times the company loses more than 1 million pounds on each large jet engine it sells, and makes most of its commercial aviation revenue from maintenance contracts. When planes are grounded, precious little cash comes in to cover the company’s high fixed costs. The number of hours Rolls-Royce engines were in flight fell by 75% in the second quarter; they’re expected to more than halve this year. With intercontinental flying likely to remain subdued, many of the twin-aisled jets that Rolls-Royce powers will remain underutilized. A strategic decision to focus on the wide-body aircraft market is coming back to haunt the company.  Bloomberg reported last week that Rolls-Royce was considering raising up to 2 billion pounds in equity capital. But, for now, it has announced only a new 2 billion-pound government-guaranteed loan.A large capital increase would heavily dilute shareholders that don’t participate but Rolls-Royce has surely run out of other options, having already scrapped its dividend and announced 9,000 job cuts. The shares have declined by more than 60% this year, valuing the business at just 5.1 billion pounds. At its 2013 peak, Rolls-Royce was worth more than 4 times that.The company still has 4.2 billion pounds of cash and 8.1 billion pounds of total available liquidity, a decent cushion considering the scale of the ongoing cash burn. But its finances are in a worse state than those numbers suggest, something Rolls-Royce’s complex accounting, large working capital swings and invoice-financing arrangements (since discontinued) helped paper over.Rolls-Royce’s net indebtedness could rise to as much as 16.6 billion pounds, according to an estimate from JPMorgan analyst David Perry that preceded Thursday’s trading update. That’s when you include the cash that customers have advanced Rolls-Royce ahead of the maintenance work it must still carry out, as well as its operating leases, provisions for fixing faulty engines and other liabilities.About half of Rolls-Royce’s revenue comes from making power-generation and defense equipment, businesses that haven’t been as badly affected by coronavirus. Power-generation sales fell but defense is holding steady. A group target to achieve 750 million pounds of free cash flow in 2022 gives investors something to cling to. Chief Executive Officer Warren East believes the company has an attractive and independent future.And yet, Rolls-Royce will emerge from this crisis as a smaller group with less cash-flow potential and more debt. As a key military supplier to Britain and one of the country’s last truly world-class manufacturers, the government will be keeping a close eye on its financial health. The state had to rescue the company when it went bust in the early 1970s, and it still holds a so-called “golden share,” allowing it to block a foreign takeover.Investors seem to think more state assistance will be forthcoming if needed.(2) The company’s 550 million euros of senior unsecured 1.625% coupon bonds, which mature in 2028, trade at 90 cents on the euro. That’s not great, but it’s not disastrous either. Standard & Poor’s has already cut the credit rating to junk. If Rolls-Royce does prove too fragile to stand alone, the idea of merging it with BAE Systems Plc could be revived. It’s too important to fail.(1) So far Rolls-Royce has tapped 300 million pounds from the U.K.’s Covid Corporate Financing Facility and now has another 2 billion pound government-guaranteed loan available to it.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Students Commit to Pursuing STEM Careers During the First-Ever Virtual Chicago STEM Signing Day
    Business Wire

    Students Commit to Pursuing STEM Careers During the First-Ever Virtual Chicago STEM Signing Day

    This week, two Chicago companies hosted a special event focused on the next generation of tech talent. On Thursday, July 9, the Motorola Solutions Foundation (NYSE: MSI) and Boeing (NYSE: BA) hosted the annual Chicago Science, Technology, Engineering and Mathematics (STEM) "Signing Day" event to celebrate students from across the Chicagoland area as they made commitments to attend some of the country’s top technical schools, colleges and universities. These students will apply their talents in pursuit of STEM careers in fields such as software development, engineering and user experience design, putting themselves on the fast track for success.

  • Reuters

    Aerospace supplier Senior cuts more jobs as production rates tumble

    British engineer Senior Plc said on Friday it laid off another 12% of its staff and forecast a drop of about 30% in revenue for the first half as it deals with a steep downturn in the aerospace industry. The company, which supplies parts to U.S. planemaker Boeing Co among others, said it was expecting a steep reduction in production rates in its civil aerospace division to continue into the second half of the year and into 2021.

  • Financial Times

    Boeing faces FAA investigation over safety programme

    US aviation regulators are investigating Boeing after five engineers in a controversial aeroplane certification programme complained of pressure from the company. The US Federal Aviation Administration formally asked Boeing in November 2018 to address reports from engineers in the Organization Designation Authorization programme that they had experienced “interference or conflicting duties” between their roles as Boeing employees and designated representatives of the federal agency. The revelation again puts a spotlight on Boeing’s internal culture and the ODA programme, under which the US regulator has outsourced portions of its safety review regime to the companies that it oversees.

  • Bloomberg

    Power Pioneer Invents New Battery That’s 90% Cheaper Than Lithium-Ion

    (Bloomberg) -- Lithium-ion batteries play a central role in the world of technology, powering everything from smartphones to smart cars, and one of the people who helped commercialize them says he has a way to cut mass production costs by 90% and significantly improve their safety.Hideaki Horie, formerly of Nissan Motor Co., founded Tokyo-based APB Corp. in 2018 to make “all-polymer batteries” -- hence the company name. Earlier this year the company received backing from a group of Japanese firms that includes general contractor Obayashi Corp., industrial equipment manufacturer Yokogawa Electric Corp. and carbon fiber maker Teijin Ltd.“The problem with making lithium batteries now is that it’s device manufacturing like semiconductors,” Horie said in an interview. “Our goal is to make it more like steel production.”The making of a cell, every battery’s basic unit, is a complicated process requiring cleanroom conditions -- with airlocks to control moisture, constant air filtering and exacting precision to prevent contamination of highly reactive materials. The setup can be so expensive that a handful of top players like South Korea’s LG Chem Ltd., China’s CATL and Japan’s Panasonic Corp. spend billions of dollars to build a suitable factory.Horie’s innovation is to replace the battery’s basic components -- metal-lined electrodes and liquid electrolytes -- with a resin construction. He says this approach dramatically simplifies and speeds up manufacturing, making it as easy as “buttering toast.” It allows for 10-meter-long battery sheets that can be stacked on top of each other “like seat cushions” to increase capacity, he said. Importantly, the resin-based batteries are also resistant to catching fire when punctured.In March, APB raised 8 billion yen ($74 million), which is tiny by the wider industry’s standards but will be enough to fully equip one factory for mass production slated to start next year. Horie estimates the funds will get his plant in central Japan to 1 gigawatt-hour capacity by 2023.Lithium-ion batteries have come a long way since they were first commercialized almost three decades ago. They last longer, pack more power and cost 85% less than they did 10 years ago, serving as the quiet workhorse driving the growth of smartphones and tablets with ever more powerful internals. But safety remains an issue and batteries have been the cause of fires in everything from Tesla Inc.’s cars to Boeing Co.’s Dreamliner jets and Samsung Electronics Co.’s smartphones.“Just from the standpoint of physics, the lithium-ion battery is the best heater humanity has ever created,” Horie said.In a traditional battery, a puncture can create a surge measuring hundreds of amperes, several times the current of electricity delivered to an average home. Temperatures can then shoot up to 700 degrees Celsius. APB’s battery avoids such cataclysmic conditions by using a so-called bipolar design, doing away with present-day power bottlenecks and allowing the entire surface of the battery to absorb surges.“Because of the many incidents, safety has been at the top of mind in the industry,” said Mitalee Gupta, senior analyst for energy storage at Wood Mackenzie. “This could be a breakthrough for both storage and electric vehicle applications, provided that the company is able to scale up pretty quickly.”But the technology is not without its shortcomings. Polymers are not as conductive as metal and this could significantly impact the battery’s carrying capacity, according to Menahem Anderman, president of California-based Total Battery Consulting Inc. One drawback of the bipolar design is that cells are connected back-to-back in a series, making control of individual ones difficult, Anderman said. He also questioned whether the cost savings will be sufficient to compete with the incumbents.“Capital is not killing the cost of a lithium-ion battery,” Anderman said. “Lithium-ion with liquid electrolyte will remain the main application for another 15 years or more. It’s not perfect and it isn’t cheap, but beyond lithium-ion is a better lithium ion.”Horie acknowledges that APB can’t compete with battery giants who are already benefiting from economies of scale after investing billions. Instead of targeting the “red ocean” of the automotive sector, APB will first focus on stationary batteries used in buildings, offices and power plants.That market will be worth $100 billion by 2025 worldwide, more than five times its size last year, according to estimates by Wood Mackenzie. The U.S. alone -- which together with China will be the main source of increased energy storage demand -- is likely to see a 10-fold increase to $7 billion in the period.Horie, 63, got his start with lithium-ion batteries at their very beginning. In February 1990, early on in his Nissan career, he started the automaker’s nascent research into electric and hybrid vehicles. A few weeks later, Sony Corp. shocked the industry, which was betting on nickel-hydride technology, by announcing plans to commercialize a lithium-ion alternative. Horie says he immediately saw the promise and pushed for the two companies to combine research efforts that same year.By 2000, however, Nissan was giving up on its battery business, having just been rescued by Renault SA. Horie had one shot at convincing his new boss Carlos Ghosn that electric vehicles were worth it. After a 28-minute presentation, a visibly excited Ghosn proclaimed Horie’s work an important investment and green-lit the project. Nissan’s Leaf would go on to become the best-selling EV for a decade.Horie came up with the idea for the all-polymer battery while still at Nissan but wasn’t able to get institutional backing to make it real. In 2012, while doing a teaching stint at the University of Tokyo, he was approached by Sanyo Chemical Industries Ltd., known for its superabsorbent materials used in diapers. Together, the two developed the world’s first battery using a conductive gel polymer. In 2018, Horie founded APB and Sanyo Chemical became one of his early investors.APB has already lined up its first customer, a large Japanese company whose niche and high-value-added products sell mostly overseas, Horie said. He declined to give further details and said APB plans to make the announcement as early as August.“This will be the proof that our batteries can be mass-produced,” Horie said. “Battery makers have become assemblers. We are putting chemistry back into the lead role.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    What the Boeing Stock Drop Tells Us About Investors’ Focus. (It Isn’t on the 737 MAX.)

    Another customer canceled an order for the 737 MAX jet, raising the question: When will the MAX’s problems matter again for Boeing stock?

  • Reuters

    Defense firms lobby to ensure COVID-19 costs do not dent Pentagon budget

    Chief executives of eight defense companies including Lockheed Martin Corp and Raytheon Technologies Corp have asked the U.S. government to ensure that billions of dollars are not taken from the Pentagon's budget to shore up firms hit by COVID-19 without being replaced with new funds. Pentagon funds were given to defense companies to pay the salaries of highly skilled workers, preventing them from being laid off or poached by better-funded competitors. At least several billion dollars will be needed to replace the funds to be spent on supporting the workforce and other coronavirus-related adjustments, the companies said in separate letters to the Pentagon and White House.