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Boeing restarts aircraft production after strike stoppages
Proactiveinvestors NA· 2024-12-18 15:50
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Boeing has restarted production of more jets as it comes back online following its punishing strike
Business Insider· 2024-12-18 12:04
Boeing has resumed the production of the 767 and 777 as it gets back online after a lengthy strike.Following the end of the strike, the aviation giant had already restarted 737 production.Boeing has had a troubled 2024 after a midair blowout in January shone a light on its quality control.Boeing has resumed its production across its range of aircraft in the Pacific Northwest factories as it gets back online following its lengthy and costly strike.Advertisement The aviation giant, which had already resumed ...
波音:公司进行裁员调整,危机中蕴含复苏机遇
Investment Rating - The report assigns a "Buy" rating to Boeing (BA) with a target price of $220.00, representing a potential upside of 27.14% from the current price of $173.03 [2][5]. Core Insights - Boeing is undergoing significant restructuring, including a planned 10% workforce reduction (approximately 17,000 employees) to enhance efficiency and competitiveness. The CEO emphasized the need for a cultural transformation and improved execution discipline [4][13]. - Despite facing challenges such as a decline in revenue and significant operating losses, the company has a backlog of orders valued at $500 billion, indicating sustained demand for its aircraft [4][36]. - The report anticipates a potential recovery for Boeing by 2025, driven by the duopoly in the commercial aircraft market and ongoing demand from airlines [4][36]. Financial Summary - For Q4 2024, Boeing reported revenues of $17.84 billion, a year-over-year decline of 1.5%, and a GAAP net loss of $6.17 billion, equating to a loss of $9.97 per share, which was worse than market expectations [3][9]. - The company's operating loss for the quarter was $5.76 billion, with a negative operating margin of 32.3%, compared to -4.5% in the same quarter last year [3][9]. - The Commercial Airplanes (BCA) segment generated $7.44 billion in revenue, down 5.5% year-over-year, with an operating loss of $4.02 billion [4][17]. Segment Performance - The Defense, Space & Security (BDS) segment reported revenues of $5.48 billion, a slight increase of 1.0%, but faced an operating loss of $2.38 billion due to cost overruns on fixed-price development projects [25]. - The Global Services (BGS) segment achieved revenues of $4.90 billion, up 1.8%, with an operating profit margin of 17.0%, driven by increased maintenance orders from commercial airlines [29]. Valuation - The report utilizes a Discounted Cash Flow (DCF) model to estimate Boeing's fair value at $220.00 per share, based on a Weighted Average Cost of Capital (WACC) of 8.5% and a perpetual growth rate of 2% [5][36].
“Back To The Future” - The Great M&A Journey For Boeing
Forbes· 2024-12-17 18:28
FARNBOROUGH, ENGLAND - JULY 18: The Boeing logo is seen on the side of a Boeing 737 MAX during the ... [+] Farnborough International Airshow.(Photo by John Keeble/Getty Images)Getty ImagesFor the last several months, Boeing has been conducting a review of potential divestitures to reduce its enormous net debt load of $45 Billion. The debt was accumulated over the past six years by the production halt of the 737MAX due to two fatal crashes in 2018 and 2019, followed by the pandemic in 2020 and continued qual ...
BA to Invest $1 Billion to Raise 787 Dreamliner Production Rate
ZACKS· 2024-12-16 15:57
The Boeing Company (BA) recently announced plans to invest $1 billion to expand its plant in Charleston County, SC. The expansion aims to double the production volume of 787 Dreamliners to 10 units per month from the current levels by 2026.The facility has been running since 2009 and is crucial for making and delivering the 787 Dreamliner. The expansion is expected to be ready by early 2027.Importance of BA’s 787 DreamlinerThe Boeing 787 Dreamliner family has unparalleled fuel efficiency and range flexibili ...
Millennium Space Systems Names Tony Gingiss as CEO
Prnewswire· 2024-12-16 13:00
EL SEGUNDO, Calif., Dec. 16, 2024 /PRNewswire/ -- Tony Gingiss is chief executive officer of Millennium Space Systems, a Boeing Company [NYSE: BA], effective December 9. Gingiss has more than 30 years of experience in executive leadership, operations, design and production, across commercial, civil, defense and national security space. He previously held pivotal roles with Terran Orbital, Virgin Orbit and Airbus OneWeb Satellites. Tony Gingiss, CEO "We're pleased to welcome Tony back to Boeing as he tak ...
Boeing to Spend $1 Billion on 787 Dreamliner Manufacturing Expansion
Investopedia· 2024-12-13 14:16
Key TakeawaysBoeing said it would invest $1 billion in expanding its operations in South Carolina, where it produces the 787 Dreamliner.The company is looking to increase production of the plane to 10 per month by 2026, with expansions to the South Carolina facilities online by early 2027.Boeing has faced a number of production issues this year, including a nearly two-month strike at its Washington facilities. Boeing (BA) is investing $1 billion in expanding its facilities in South Carolina to ramp up produ ...
Boeing Stock: Clearer Skies Ahead (Technical Analysis)
Seeking Alpha· 2024-12-13 13:50
After dropping over 30% in the last year and many safety controversies in recent years, The Boeing Company (NYSE: BA ) stock may finally have some clearer skies ahead. In the below technical analysis, I determine that there areI'm a technically-oriented Canadian investor with a focus on U.S. markets, particularly in tech and financials. I graduated with a Bachelor of Commerce Degree with Distinction, with a major in Finance. I'm also a proud lifetime member of the Beta Gamma Sigma International Business Hon ...
Boeing is spending $1 billion to expand a plant that builds the 787 as it seeks to boost production
Business Insider· 2024-12-13 10:51
Boeing has committed $1 billion to expand its 787 Dreamliner manufacturing plant in South Carolina.The investment aims to upgrade infrastructure and create 500 jobs over five years.Boeing is looking to ramp production up after a tough year in which it faced major losses. Boeing said on Thursday it will commit $1 billion to its 787 Dreamliner manufacturing plant in South Carolina as it seeks to ramp up production after a difficult 2024.Advertisement The Virginia-based firm has planned for the investment to ...
Boeing Clinches a $450M Contract to Support the F-15 JSI Program
ZACKS· 2024-12-12 16:40
Boeing's Contract and Strategic Position - Boeing secured a $450 million contract to produce command and control capabilities for the F-15 Japan Super Interceptor Program, with completion expected by February 2030 [1][2] - The contract includes the acquisition of radars, self-protection systems, and mission computer units for the F-15 JSI program [2] - Boeing's F-15 is favored in Japan due to its exceptional speed, range, and payload capacity, making it an optimal solution for addressing growing Indo-Pacific threats such as hypersonic missiles and advanced early warning systems [3] - Boeing has a 70-year partnership with Japan, enhancing the country's aerial security and solidifying its role in the region's defense modernization [4] Japan's Defense Spending and Boeing's Role - Japan's Ministry of Defense requested a $59.76 billion budget for fiscal 2025, a 7.5% increase from the current year, positioning Japan as the world's third-largest defense spender by 2027 [5] - Boeing benefits from Japan's robust defense investment strategy, as the Japanese Self-Defense Forces operate the largest fleets of Boeing F-15 fighters and CH-47 Chinook helicopters outside the United States [6] - Japan was the first international customer for Boeing's KC-46A Pegasus tanker in 2015, further highlighting Boeing's integral role in Japan's defense modernization [6] Other Defense Companies Benefiting from Japan's Defense Expansion - RTX Corp's APG-82(V)1 AESA radar is integrated into the F-15 JSI program, and its Pratt & Whitney division manufactures the F-100 engine [8] - RTX's Raytheon began full-rate production of Standard Missile-3 Block IIA in 2024, marking the first Missile Defense Agency cooperative development program with Japan [8] - BAE Systems' AN/ALQ-250 Eagle Passive Warning Survivability Systems are being installed in Japan's F-15 super interceptor jets, and the company was selected to upgrade the jets' fly-by-wire flight control computers [9] - Lockheed Martin delivers advanced technologies to bolster Japan's defense capabilities, including over 550 military helicopters and the Aegis Combat System for Japan's Kongo and Atago-class ships [10] Boeing's Stock Performance - Boeing's shares gained 6% in the past three months, outperforming the industry's 9.7% decline [12] - Boeing currently carries a Zacks Rank 5 (Strong Sell) [13]