|Bid||83.49 x 900|
|Ask||83.42 x 900|
|Day's Range||83.15 - 85.75|
|52 Week Range||64.48 - 100.34|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||12.94|
|Forward Dividend & Yield||0.48 (0.56%)|
|1y Target Est||N/A|
A number of critical issues, and hundreds of less serious ones, are expected to keep the KC-46 from seeing operational service for three to four years.
Boeing could focus resources in one region and then apply the lessons learned as other regulators sign off on the jet's return.
From trips to Atlanta, D.C. and even Paris, France, Chris Chung, CEO of the state’s chief recruiting agency, the Economic Development Partnership of North Carolina, had a busy first half of 2019 – meeting with officials and executives from a slew of entities such as The Boeing Company, Martin Marietta Materials and Duke Energy.
Problems are persisting for the Boeing Co.’s new KC-46 tanker, but one aerospace analyst says the manufacturer isn’t in any danger of losing out on future orders with the U.S. Air Force. “These are short-term problems,” says Richard Aboulafia of Virginia-based Teal Group. “But there is no doubt about the outcome.” Boeing (NYSE: BA) is currently on contract to build 52 KC-46A Pegasus tankers for the Air Force, though the service plans to eventually buy 179 — with hundreds more potential orders in the future as it works to replace its aging fleet of refueling aircraft. The contract Boeing is currently on was won after a long and contentious battle for the job with Airbus.
The company says it's "pursuing two paths" to resolve issues with the locking mechanisms in the aircraft's fuselage.
The firm's survey also found the 23 percent of responding suppliers don't think Boeing will ever hit its eventual output target of 57 per month.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Spirit Aerosystems, Inc. New York, September 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Spirit Aerosystems, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The Boeing Co. and Airbus have combined backlogs that represent around eight years worth of work for Wichita suppliers — but 2019 isn’t doing much to push that work further into the future. A global slowdown in order appetite by airlines, super-charged for Boeing (NYSE: BA) by the grounding of its 737 MAX, has combined to see the rival manufacturers combine for just 10 net orders through the first eight months of the year. And it is definitely Airbus that is doing what little heavy-lifting there is on the order front. After climbing out of an order deficit earlier in the year, Airbus reported 95 net orders through the end of August. Boeing, meanwhile, has seen narrow-body orders dry up following the grounding of the MAX in March after two deadly crashes of the jet. Spirit AeroSystems Inc. (NYSE: SPR) in Wichita is a major supplier to Airbus, but Boeing remains its largest customer by far. The company, Wichita’s largest employer, has work on all Boeing commercial aircraft programs.
Boeing has been targeting a fourth-quarter return, a timeline with potentially important production implications in Wichita.
Today I will examine Spirit AeroSystems Holdings, Inc.'s (NYSE:SPR) latest earnings update (27 June 2019) and compare...
If the Boeing Co. were able to get its 737 MAX back into service for part of the upcoming holiday travel season, at least in the U.S., a Wichita airline researcher says consumers could cash in on some potential savings on ticket prices. Dean Headley, emeritus professor of marketing at Wichita State University and co-author of the annual Airline Quality Rating report, says the airline system as of now has largely factored the grounded MAX out of the equation. In the U.S., the plane would have to be cleared by the Federal Aviation Administration. But it was reported last week that European regulators planned to run their own review on the MAX, rather than work in lock-step with the FAA, as has been the historical norm.
The 737 MAX has been grounded since March, but Boeing has been hopeful regulators would clear it to fly again by the end of the year.
Despite recent reports that ongoing work with regulators could threaten to keep the Boeing Co. 737 MAX grounded into the holiday travel season, the manufacturer says its target remains seeing the jet return to service as early as next month. “Our best current estimate continues to be a return to service of the MAX that begins early in the fourth quarter,” the company said in a statement provided to the WBJ. “We are working really closely with Boeing on production schedules and what that could look like in the future in a whole different range of scenarios,” Gentile said following Spirit’s second-quarter earnings.
Shares of the Boeing Co. were sliding Tuesday morning following a report over the weekend that raised the possibility of further delays to the return of the company’s 737 MAX. According to a report from the Wall Street Journal, friction between Boeing (NYSE: BA) and international regulators over technical details and specific questions about proposed upgrades to plane’s flight control software is resulting in the company having to resubmit documents related to the re-certification process.
United Airlines on Friday announced that it has removed the Boeing 737 MAX from its schedule through Dec. 19, a move that will mean thousands more cancelled flights and new murkiness to the timing of the jet's return that could have production implications in Wichita. The carrier had previously had the MAX off its schedule through Nov. 3 as the grounding of the jet drug on throughout the course of the year. According to a report from the Chicago Business Journal, United (NASDAQ: UAL) said that the MAX remaining off its schedule will result in around 2,100 cancelled flights in September. That will be followed by around 2,900 in October, 2,800 in November and around 1,700 in December. In pulling the MAX through Dec. 19, United said it will “continue to take extraordinary steps to protect our customers’ travel plans.
McConnell is now home to 11 of the tankers, with the next potentially arriving as early as next week as program deliveries increase for Boeing.
Asked what she would say to the benefactors who made it possible for the WSU Tech training that has landed her a sheetmetal assembly job at Textron Aviation, Jena Shepard offered her thanks for what she said has been a life-changing experience. “It really means a lot to me because it has changed my life.” Those benefactors are the rock band Metallica, whose All Within My Hands Foundation announced late last year that it would provide WSU Tech with a $100,000 training grant in collaboration with the American Association of Community Colleges (AACC). WSU Tech dedicated those funds toward bolstering opportunities for women in manufacturing. On Thursday — with representatives from the foundation on hand and a personalized video message from the band — the school celebrated the 31 women, including Shepard, who received the training in high-demand fields.
United Airlines on Wednesday said that it was moving all 14 of its Boeing Co. 737 MAX jets to what it called “short-term storage” at Phoenix Goodyear Airport. According to a report from the Chicago Business Journal, the carrier cited the favorable climate for storing the aircraft in Arizona, as well as weather threats from hurricane season in Houston and construction at Los Angeles International Airport (LAX).
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Boeing has said a fourth-quarter return of the jet could have implications for its production plans on the 737 program.
The FAA is looking for pilots with experience on the MAX to assist with simulator testing that will be required as part of the process of approving the jet's return to service.