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Boeing CFO transition plan effective August 15
CNBC Television· 2025-06-30 21:02
Morgan, we have a transition when it comes to CFO of Boeing. Jesus J. Malave, former CFO of Lheed Martin, former CFO of L3 Harris, of UTC Aerospace, very experienced when it comes to being a chief financial officer.He will become the Boeing chief financial officer on August 15th. Brian West, who has been CFO over the last four years, who has steered the company through some really turbulent times in terms of capital raises and some challenges in terms of the balance sheet. He will now transition to a senior ...
X @BBC News (World)
BBC News (World)· 2025-06-30 20:34
UK F-35 parts exports to Israel is lawful, High Court rules https://t.co/HQwVtwCQxt ...
X @Bloomberg
Bloomberg· 2025-06-30 20:16
Boeing says CFO Brian West, who helped orchestrate one of the biggest capital raises in US corporate history last year, is stepping down https://t.co/7z7qfjIV3H ...
Boeing Announces Chief Financial Officer Transition Plan
Prnewswire· 2025-06-30 20:05
ARLINGTON, Va., June 30, 2025 /PRNewswire/ -- Boeing [NYSE: BA] today announced a transition in its chief financial officer role. Brian West will become a senior advisor to Boeing President and CEO Kelly Ortberg, and Jesus "Jay" Malave has been elected as incoming executive vice president and chief financial officer. Both roles are effective August 15.West, who served as Boeing CFO for the last four years, will continue working with the company in an advisory capacity, including assisting in the upcoming CF ...
NASA plans to stream rocket launches on Netflix starting this summer
CNBC· 2025-06-30 18:49
Group 1 - NASA's live programming, including rocket launches and spacewalks, will start streaming on Netflix this summer as part of its initiative to reach a global audience [1][2] - NASA+ was launched in 2023 to provide easier access to space content, aligning with its mission to share the story of space exploration broadly [2] - The partnership with Netflix comes amid a surge in commercial rocket launches, particularly by SpaceX, which had 81 launches in the first half of 2025 [3] Group 2 - Netflix has over 700 million users and its shares are trading at all-time highs, having increased nearly 51% since the beginning of the year [4]
Biggest Stock Winners and Losers in First Half of Year
Bloomberg Television· 2025-06-30 18:31
Let's talk about sectors, though, given that we are on the cusp of the second half of 2025, you have three sectors in the S&P 500 energy, health care and consumer discretionary in the red. But you can see more green on the screen because it was a pretty good first half. Let's break down some of the biggest winners and losers in the s&p 500 with Bloomberg Cross asset reporter Emily Rafale.Let's start with the good news. Who did well this first half. Okay, so like you said, the energy names did well.Not all o ...
X @Tesla Owners Silicon Valley
Grateful beyond words for the incredible SpaceX team. The passion, brilliance, and hard work of these people are pushing humanity to the stars and shaping the future of space https://t.co/zUXOWFhS2F ...
Howmet (HWM) Surges 4.6%: Is This an Indication of Further Gains?
ZACKS· 2025-06-30 14:31
Company Overview - Howmet Aerospace Inc. (HWM) shares increased by 4.6% to $184.9 in the last trading session, with a higher-than-average trading volume [1] - The stock has gained 4% over the past four weeks [1] Market Drivers - The rally in Howmet's stock is driven by optimism regarding strong momentum in the commercial and defense aerospace markets [2] - Robust orders for engine spares for the F-35 program, aerospace fastening systems, and airframe structural components are positive indicators [2] - Howmet has established a strong liquidity position that supports shareholder-friendly policies due to strength in its served markets [2] Earnings Expectations - Howmet is expected to report quarterly earnings of $0.86 per share, reflecting a year-over-year increase of 28.4% [3] - Revenue is anticipated to be $1.99 billion, which is a 5.9% increase from the same quarter last year [3] Stock Performance Insights - Trends in earnings estimate revisions are correlated with near-term stock price movements [4] - The consensus EPS estimate for Howmet has remained unchanged over the last 30 days, indicating that the stock's price may not continue to rise without changes in earnings estimates [5] - Howmet currently holds a Zacks Rank of 1 (Strong Buy) [5] Industry Comparison - Howmet belongs to the Zacks Aerospace - Defense industry, where General Dynamics (GD) closed the last trading session at $290.74, down 0.2% [5] - General Dynamics has seen a 5.9% return over the past month, with a consensus EPS estimate change of +0.3% to $3.47, representing a 6.4% increase year-over-year [6]
TransDigm Announces Acquisition of the Simmonds Precision Products, Inc. Business of Goodrich Corporation from RTX Corporation
Prnewswire· 2025-06-30 13:00
Core Viewpoint - TransDigm Group has announced a definitive agreement to acquire Simmonds Precision Products, Inc. from RTX Corporation for approximately $765 million in cash, which includes certain tax benefits [1][3]. Company Overview - Simmonds, based in Vergennes, Vermont, is a leading global designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for aerospace and defense markets [2]. - The company generates about 40% of its revenue from the aftermarket, with nearly all revenue coming from proprietary products [2]. - Simmonds is projected to generate approximately $350 million in revenue for the calendar year ending December 31, 2025, and employs around 900 people [2]. Strategic Fit - The acquisition aligns with TransDigm's strategy of investing in highly engineered, proprietary products with substantial aftermarket content [3]. - Simmonds holds established positions across various commercial and defense platforms, making it an industry leader in its technology [3]. - TransDigm anticipates that this acquisition will create equity value consistent with its long-term private equity-like return objectives [3]. Financing and Regulatory Aspects - The acquisition is expected to be financed through existing cash on hand [3]. - It is subject to regulatory approvals in the United States and customary closing conditions [3].
Aimfinity Investment Corp. I Announces New Monthly Extension for Business Combination
Globenewswire· 2025-06-30 12:00
Wilmington, DE, June 30, 2025 (GLOBE NEWSWIRE) -- Aimfinity Investment Corp. I (the “AIMA”) (Nasdaq: AIMTF), a special purpose acquisition company incorporated as a Cayman Islands exempted company, today announced that, in order to extend the date by which the Company mush complete its initial business combination from June 28, 2025 to July 28, 2025, on JUne 28, 2025, I-Fa Chang, manager of the sponsor of the Company, has deposited into its trust account (the “Trust Account”) an aggregate of $55,823.8, or f ...