BA - The Boeing Company

NYSE - NYSE Delayed Price. Currency in USD
370.96
-2.22 (-0.59%)
At close: 4:00PM EDT
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Previous Close373.18
Open372.58
Bid370.87 x 1000
Ask0.00 x 1400
Day's Range370.53 - 373.53
52 Week Range292.47 - 446.01
Volume2,790,540
Avg. Volume4,183,913
Market Cap208.743B
Beta (3Y Monthly)1.27
PE Ratio (TTM)42.53
EPS (TTM)8.72
Earnings DateOct 23, 2019
Forward Dividend & Yield8.22 (2.20%)
Ex-Dividend Date2019-08-08
1y Target Est411.86
Trade prices are not sourced from all markets
  • Financial Times

    Dyson and the art of making quick decisions

    James Dyson does not usually retreat, so when the billionaire founder of the UK consumer electronics group last week abandoned his project to build an electric vehicle, it was a surprise. He confessed ...

  • Pictures Raise Specter of Fake Evidence in 737 Max Crash Probe
    Bloomberg

    Pictures Raise Specter of Fake Evidence in 737 Max Crash Probe

    (Bloomberg) -- Weeks after a Lion Air jet crashed in the Java Sea, killing all 189 aboard, an airline employee gave investigators photographs meant to show that a crucial repair had been properly performed the day before the disaster.Yet the pictures may not show what was claimed.The time displayed in photos of a computer screen in the cockpit of the Boeing Co. 737 Max indicated they had actually been taken before the repair was performed, according to a draft of the final crash report being prepared by Indonesia’s National Transportation Safety Committee, portions of which were reviewed by Bloomberg News.Investigators were similarly unable to confirm the authenticity of other pictures in the packet, which were supposed to show how a piece of equipment near the jet’s nose had been calibrated, according to the report. There were indications that the pictures depicted a different plane, according to two people familiar with the investigation.The draft report doesn’t say whether anyone falsified or misrepresented the pictures -- which would be considered a serious breach of protocol -- but concludes that they may not be valid evidence. The incident injected additional tension into the already fraught international investigation in which billions of dollars and the reputations of airlines, manufacturers and entire nations are on the line.According to one person briefed on the matter, the Indonesia-based airline has told investigators that the allegations about the photos are unsubstantiated and shouldn’t be mentioned in the final report of the October 2018 crash. But to others involved in one of the most significant accident probes in decades, it could represent an attempt to mislead investigators about a critical aspect of the case and needs to be documented, said two other people who were briefed about the existence of the photos.Lion Air spokesman Danang Prihantoro said that he could not comment on the investigation. Representatives of the U.S. Federal Aviation Administration, Boeing and National Transportation Safety Board declined to comment on the existence of the photos.“We extend our deepest condolences to the families and loved ones” of those who died in the Lion Air crash and a second one less than five months later in Ethiopia, said Charles Bickers, a spokesman for Chicago-based Boeing. “We continue to provide support to and cooperate fully with the investigating authorities as they complete the final reports on the accidents.”Indonesia’s NTSC, which is overseeing the investigation, is finalizing the report and expects to release it by early November. Anggo Anurogo, a spokesman for the investigation agency, said it wouldn’t comment on the report prior to its release.“We have obtained plenty of documents,” NTSC Chairman Soerjanto Tjahjono said in an earlier interview. “Anything that is relevant to the investigation will be included in the final report.”Portions of the draft reviewed by Bloomberg News say an engineer gave the photos to investigators to show that the replacement of a sensor on the plane on Oct. 28 had been done properly. The sensor, known as an “angle-of-attack” vane, was malfunctioning on the very next flight as well as the one the next day that crashed and is at the heart of the investigation, according to an NTSC preliminary report released last November.Some of the images were taken of the inside of an equipment compartment where the faulty sensor was attached, according to the people familiar with the investigation. Part of the calibration process occurs in that location.Visible in the background of these photos was other equipment with identification marks, the people said. Officials at Boeing were able to trace at least one of the devices to a different 737 Max jet operated by Lion Air, they said.Other photos were shot in a 737 Max cockpit, where mechanics check to see that the sensor is providing accurate readings, the people said. Those photos showed the captain’s flight display, but the time shown on its digital clock was prior to the repair being performed, according to the draft report.Lion Air, which was already pushing back on preliminary conclusions by investigators, has challenged assertions that the photos were falsified and asked the NTSC not to include the pictures and any reference to them in its final report, according to one person familiar with the airline’s view of the matter.The airline further said the photos didn’t come from the carrier, the person said. The pictures were blurry and the airline couldn’t understand how equipment markings could have been identified, the person said.Investigative reports of crashes often contain hundreds of pages and document evidence collected and significant issues faced during the probe.The repair depicted by the photos is central to the investigation. A malfunction of the angle-of-attack sensor is believed to have triggered an automated system on the plane to repeatedly force its nose down, eventually causing the pilots to lose control and crash at high speed into the ocean.Documents reviewed by Bloomberg News show the repair station XTRA Aerospace Inc. in Miramar, Florida, had worked on the sensor. It was installed on the Lion Air plane on Oct. 28 in Denpasar, Indonesia, after pilots on earlier flights had reported problems with instruments displaying speed and altitude. XTRA has said it is cooperating with the investigation.For months, examinations of the Lion Air crash and the second, similar accident March 10 of a 737 Max operated by Ethiopian Airlines have focused on the angle-of-attack sensors and their role in the functioning of a feature built into the jet known as Maneuvering Characteristics Augmentation System.MCAS, designed to keep the nose of the plane from drifting too far up in flight, was fed data from one of the plane’s two angle-of-attack sensors, devices that protrude from the jet’s nose and resemble a weather vane.When it senses the nose has risen too far, it automatically pushes it back down, reducing the risk of an aerodynamic stall. Investigators believe a malfunction of the sensor on board the Lion Air flight mistakenly forced the nose of the plane down repeatedly until the pilots lost control.The same failure occurred on Oct. 28 immediately after the repair on the Lion Air jet, but pilots on that flight were able to recover and fly to their destination. Not so on the final flight of the jet, when the pilots began fighting for control shortly after takeoff.The plane hit the water in a high-speed dive, shattering into pieces. While investigators haven’t said whether they’ve recovered the angle-of-attack sensor from the bottom of the sea, the plane’s black-box flight recorder was brought up and confirmed the sensor was malfunctioning.The crash, and the Ethiopian Airlines disaster months later, prompted a worldwide grounding of Boeing’s best-selling jet, leading to billions of dollars in losses and international investigations into how the system was designed and approved.The mechanic who worked on the Lion Air jet prior to the crash reported the new device was installed according to the maintenance procedure, the November 2018 preliminary report said.“Installation test and heater system test result good,” said an entry in the plane’s maintenance log included in the report. The mechanic also told a pilot about to fly the plane that the sensor “had been tested accordingly,” the report said.However, data in the report suggest the calibration wasn’t done properly or at all, said John Goglia, a former airline mechanic who formerly served on the NTSB.Such processes are routine and relatively simple, Goglia said. The procedure is designed as a fail-safe to ensure that a mechanic can quickly determine whether a newly installed sensor isn’t working.“They were given an unairworthy airplane because the maintenance was incomplete and didn’t correct the problem,” he said.To contact the reporters on this story: Harry Suhartono in Jakarta at hsuhartono@bloomberg.net;Alan Levin in Washington at alevin24@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Flynn McRobertsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • United Airlines Raises Outlook, Despite These Clouds Ahead
    Investor's Business Daily

    United Airlines Raises Outlook, Despite These Clouds Ahead

    United Airlines reported after the close today, as analysts try to gauge the outlook next year amid unrest abroad and uncertainty over the Boeing 737 Max

  • Reuters

    UPDATE 2-United lifts 2019 profit target as strong travel demand outweighs MAX crisis

    United Airlines on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite the continued grounding of the Boeing 737 MAX. Chicago-based United is one of three U.S. airlines that have each had to cancel more than 2,000 monthly flights through the end of the year as Boeing Co's 737 MAX remains grounded following two deadly crashes in Indonesia and Ethiopia. As a result, United raised its 2019 adjusted diluted earnings per share guidance to $11.25-$12.25 versus $10.50-$12.00 previously.

  • Could Boeing Win China’s Market after the Trade Deal?
    Market Realist

    Could Boeing Win China’s Market after the Trade Deal?

    Last Friday, the Trump administration announced a US-China deal in which China is to buy $16 billion–$20 billion in Boeing planes.

  • Reuters

    UPDATE 1-U.S. board to determine probable cause of Southwest engine failure that killed one

    The U.S. National Transportation Safety Board (NTSB) said on Tuesday it will meet to determine the probable cause of the April 2018 uncontained engine failure of Southwest Airlines flight 1380 that killed a passenger who was partially sucked out the window. Jennifer Riordan of New Mexico, a 43-year-old Wells Fargo vice president and mother of two, was killed as she was headed home from a business trip after the engine exploded and shattered a plane window. The accident occurred when a fan blade failed on a Boeing 737-700 jet powered by two CFM International CFM56-7B engines which experienced a failure of the left engine after departing New York’s LaGuardia Airport.

  • Boeing: Why Its Q3 Earnings Might Not Help Its Stock
    Market Realist

    Boeing: Why Its Q3 Earnings Might Not Help Its Stock

    Boeing (BA) stock has fallen significantly since March 10, and we don’t expect its third-quarter earnings to help it rebound. Here's why.

  • Reuters

    UPDATE 1-U.S. foreign military sales fall slightly to $55.4 bln in 2019

    Sales of U.S. military equipment to foreign governments fell slightly in the fiscal year ended Sept. 30 to $55.4 billion from $55.6 billion a year earlier, a U.S. official said on Tuesday. Looser restrictions on sales under the Trump administration had increased foreign military sales by 33 percent from 2017 to 2018. The Trump administration rolled out a new “Buy American” plan in 2018 that had relaxed restrictions on sales while encouraging U.S. officials to take a bigger role in increasing business overseas for the U.S. weapons industry.

  • Seattle's AeroTEC inks deal to modify Qantas 747 into Rolls-Royce test aircraft (Photos)
    American City Business Journals

    Seattle's AeroTEC inks deal to modify Qantas 747 into Rolls-Royce test aircraft (Photos)

    The deal will mean 40 new jobs at AeroTEC's aircraft engineering and modification facilities at Mose Lake in Eastern Washington. Having a nearby jumbo is a bonus for area residents.

  • Steven Mnuchin: Tariffs Delayed, Not Canceled
    Market Realist

    Steven Mnuchin: Tariffs Delayed, Not Canceled

    On Monday, Steven Mnuchin told CNBC that the tariff war might escalate if there isn't a trade deal. However, he's optimistic about a deal.

  • Court orders former Spirit AeroSystems CEO to turn over records in contract lawsuit
    American City Business Journals

    Court orders former Spirit AeroSystems CEO to turn over records in contract lawsuit

    Former CEO Larry Lawson filed a lawsuit against Spirit in March 2018 seeking to recover some $50 million he said was owed him from his retirement contract.

  • Barrons.com

    Apple, Boeing, Exxon, Facebook, and Micron to Blame for Earnings Recession

    Profit declines for Apple, Boeing, Exxon, Facebook and Micron led the S&P 500 to the first string of consecutive quarterly earnings declines since 2017.

  • Is the Boeing 777X Launch Likely to Delay Further?
    Market Realist

    Is the Boeing 777X Launch Likely to Delay Further?

    Boeing aims to launch its ultra-wide-body long-range 777X jet next year. However, launch customer Emirates suspects this might not be possible.

  • Will Solid Bell Unit Sales Aid Textron's (TXT) Q3 Earnings?
    Zacks

    Will Solid Bell Unit Sales Aid Textron's (TXT) Q3 Earnings?

    Most of Textron's (TXT) business segments are likely to have witnessed an increase in third-quarter 2019 sales, which in turn must have boosted its earnings.

  • Barrons.com

    Boeing MAX Jet’s Grounding Will Drag On Into February, Pilots Say

    The Southwest Airlines Pilots Association doesn’t expect the 737 MAX to fly again until February, while Boeing has said it believes the plane will carry passengers by the end of the year.

  • Financial Times

    United boosts profit outlook again amid robust travel demand

    United Airlines raised its full-year earnings forecast thanks to robust travel demand, further easing concerns over the financial impact of the Boeing 737 Max’s grounding. United Airlines chief executive Oscar Munoz said in a statement that “headwinds affected the sector as a whole this quarter”, but United was able to “overcome adverse cost pressure”. United and other airlines have grappled with fallout from the prolonged grounding of Boeing’s 737 Max. The jet has been out of service since March, after 346 people died in two crashes.

  • Phase-out of Airbus, Boeing jets hits FACC's operating profit
    Reuters

    Phase-out of Airbus, Boeing jets hits FACC's operating profit

    Plane parts maker FACC's operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors bit. Chinese-owned FACC makes components for wings, tail assemblies and fuselages as well as engines and cabin interiors for all major planemakers. FACC said in its half annual report on Tuesday that while production rates of all major aircraft types had stabilized at a high level, no significant increases were expected for 2020.

  • Financial Times

    Private equity: big deals may not be so beautiful

    One PE situation to watch: Carlyle has instructed advisers to sell taxi business Addison Lee by early next year as the private equity firm races to avoid a debt restructuring. The total value of investments of $1bn or less surged to a record high this year.

  • The late Paul Allen's Stratolaunch has been sold (Photos)
    American City Business Journals

    The late Paul Allen's Stratolaunch has been sold (Photos)

    After cutting its workforce this year, Stratolaunch appears to be hiring again, with 11 job postings listed on its website.

  • 5 prominent U.S. companies are most at fault for the earnings recession
    MarketWatch

    5 prominent U.S. companies are most at fault for the earnings recession

    With the S&P 500 suffering an earnings recession for the first time since 2017, a few big names deserve most of the blame.

  • Boeing (BA) Dips More Than Broader Markets: What You Should Know
    Zacks

    Boeing (BA) Dips More Than Broader Markets: What You Should Know

    Boeing (BA) closed at $373.14 in the latest trading session, marking a -0.47% move from the prior day.

  • Reuters

    UPDATE 1-Southwest pilots say 737 MAX return may be delayed beyond Boeing's 4th qtr goal

    Southwest Airlines pilots predicted on Monday that the grounded Boeing 737 MAX airplane will return to the skies around February, weeks later than Boeing and airlines have projected. Southwest, United Airlines and American Airlines currently estimate the planes will be available to fly in early January. Boeing said Monday it is "working towards return to service in the fourth quarter." A key step - a certification test flight by Boeing - is not expected until early November.

  • Dow Jones Today: Plenty of Trade Questions Need to be Answered
    InvestorPlace

    Dow Jones Today: Plenty of Trade Questions Need to be Answered

    Last week, there was relief on the trade front. The pesky caveat was that the U.S. and China had not officially signed a trade pact. Investors were reminded of that fact Monday as stocks drifted slightly lower. This followed reports from state-run media agencies in China that plenty of questions remain.Source: Venturelli Luca / Shutterstock.com Sure, "official" hasn't been reached on trade with China yet. However, U.S. officials appear comfortable saying that China is boosting its purchases of American agriculture products. Treasury Secretary Steve Mnuchin said he believes an official accord will be reached."Concluding the negotiations on Thursday and Friday, the two countries reached an agreement on the first phase of a trade deal," said Morningstar in a note out Monday. "The agreement reportedly will delay the implementation of tariffs that were scheduled to begin this week and covers several different subjects that have been heavily contested, including intellectual property, access to the Chinese financial markets, and purchases of agricultural products."InvestorPlace - Stock Market News, Stock Advice & Trading TipsVolume was light in the U.S. today. Some markets closed in observance of the holiday formerly known as Columbus Day. * 10 Hot Stocks Staging Huge Reversals That got us to the Nasdaq Composite slipping by just 0.1% while the S&P 500 lost a meager 0.14%. The Dow Jones Industrial Average declined by 0.11%. Just 13 of its 30 components pointed higher with 30 minutes left in the trading day. Boeing ControversiesReports recently emerged that Boeing's (NYSE:BA) board of directors took the chairman title away from CEO Dennis Muilenburg, indicating that the 737 MAX controversy could become his Waterloo. Controversy has been the name of the game with Boeing stock this year, but investors have given the shares and Muilenburg ample latitude.A recent report by the Joint Authorities Technical Review (JATR) recommends changes for the 737 MAX jet. However, it doesn't forecast when the plane will be ready for passenger service again."Wall Street is likely to focus on the JATR recommendations, which suggest more pilot training as well as updates to aircraft certification processes," reports Al Root for Barron's. "More pilot training could mean additional costs and delays returning the MAX to service. More simulator time for MAX pilots shouldn't come as a surprise, though. That possibility has been discussed for weeks."Bottom line: Muilenburg is skating on thin ice. And if the 737 MAX isn't ready to fly again soon, Boeing's board could push for C-suite change. Good News For CyclicalsAs noted above, fewer than half of the 30 Dow Jones stocks closed higher today. However, there was some good news for cyclical stocks. That's relevant to investors because the industrial, technology, financial services and consumer discretionary sectors, each a cyclical group, combine for nearly two-thirds of the the Dow's weight."President Trump gave in to a 'mini-deal' on trade (as China wanted), the Fed gave in to mini-QE (our term, not theirs) to mid-2020 (which global liquidity had required), and U.K. PM Johnson gave ground on Brexit (as the EU wanted)," said Stifel analyst Barry Banister in a note out today. "As investor risk posture and higher reserves weaken the dollar and lift longer yields, benefiting S&P Cyclical sectors."The gains were modest, but cyclical fare, such as Apple (NASDAQ:AAPL), Nike (NYSE:NKE) and 3M (NYSE:MMM) were among the Dow's leaders today. Speaking of Financials…Third-quarter earnings season really kicks into high gear this week. A slew of financial services firms are stepping into the earnings confessional. Dow component JPMorgan Chase (NYSE:JPM), the largest U.S. bank by assets, takes it turn tomorrow before the open of U.S. markets.Wall Street expects JPMorgan Chase to post third-quarter earnings of $2.45 a share on revenue of $28.5 billion. How well JPMorgan's report is received will boil down to guidance on net interest margins. Bottom Line: Some Good News in the Dow Jones TodayWhile there has been plenty of trade-related and geopolitical volatility, the major U.S. equity benchmarks have generated solid returns. Industry analysts expect that theme to continue over the next 12 months."Industry analysts in aggregate predict the S&P 500 will see an 13.0% increase in price over the next twelve months," according to FactSet Research. "This percentage is based on the difference between the bottom-up target price and the closing price for the index as of October 10. The bottom-up target price is calculated by aggregating the median target price estimates (based on company-level estimates submitted by industry analysts) for all the companies in the index. On October 10, the bottom-up target price for the S&P 500 was 3321.32, which was 13.0% above the closing price of 2938.13."As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Dow Jones Today: Plenty of Trade Questions Need to be Answered appeared first on InvestorPlace.