BA - The Boeing Company
| Previous close | 370.96 |
| Open | 370.22 |
| Bid | 370.00 x 1000 |
| Ask | 378.52 x 1400 |
| Day's range | 369.24 - 377.42 |
| 52-week range | 292.47 - 446.01 |
| Volume | 3,575,325 |
| Avg. volume | 4,164,201 |
| Market cap | 209.57B |
| Beta (3Y monthly) | 1.27 |
| PE ratio (TTM) | 42.70 |
| EPS (TTM) | 8.72 |
| Earnings date | 23 Oct 2019 |
| Forward dividend & yield | 8.22 (2.21%) |
| Ex-dividend date | 2019-08-08 |
| 1y target est | 411.86 |
- Reuters
Qatar Airways says may convert orders for Boeing 777-8 jet to 777-9
Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9. "If the 9 is performing very close to the parameters that the 8 will operate, yes we may convert the 8 to 9," Qatar Airways CEO Akbar al-Baker told Reuters on the sidelines of an event to launch a new route from Doha to Langkawi. Emirates and Qatar Airways are the only firm customers for the 777-8 model, which Boeing is also trying to sell to Australia's Qantas Airways Ltd for record-long commercial flights from Sydney to London.
- Reuters
Production date for Boeing's long-haul 777-8 up in air as Qantas weighs options
The date of entry into service of Boeing Co's ultra-long-range 777-8 wide-body airliner will depend partly on customer demand, an executive said, with the planemaker hoping to win an order from Qantas Airways Ltd to supply the plane for Sydney-London flights. Qantas has said it could order Boeing's 777-8 or the rival Airbus SE A350-1000 for the longest commercial flights in history by the end of this year, with hopes of delivery from late 2022. The airline on Friday plans a near 20-hour test flight non-stop from New York to Sydney, another proposed route for the planes, with a limited number of passengers on board a 787 as it conducts research into well-being on such long journeys.
- Reuters
Left-wing Brazil political party sues to block Boeing-Embraer deal
A left-wing political party on Wednesday filed a lawsuit to block the sale of 80% of Brazilian planemaker Embraer SA's commercial jet division to Boeing Co for $4.2 billion (3.3 billion pounds), arguing it will harm Brazil's sovereignty. The deal, which would position Boeing to compete more directly with Airbus SE in the market for mid-sized passenger planes, has faced significant left-wing opposition largely because Embraer is seen as a strategic company for Brazil's national security. The government has authorized the deal and Embraer's shareholders are all for it.
- Market Realist
UAL Reports Robust Q3, Ups Outlook despite MAX Woes
United Airlines (UAL) has reported robust Q3 earnings results and raised its fiscal 2019 outlook despite the continued grounding of its 14 Boeing 737 MAXs.
- Reuters
Boeing CEO says 'fully supportive' of board's move to split jobs: memo
Boeing Co Chief Executive Dennis Muilenburg told employees he was "fully supportive" of the board's decision to split his chairman and CEO roles, allowing him to focus on running the world's largest planemaker, according to a memo seen by Reuters on Wednesday. A Boeing spokesman did not provide an immediate comment. Muilenburg said the "division of labor" was the latest action taken by the board and senior company leaders to "strengthen Boeing's governance and safety management processes" as it struggles to get its fastest-selling 737 MAX jetliner back into the air following deadly crashes.
- Reuters
Boeing CEO says 'fully supportive' of board's move to split jobs - memo
Boeing Co Chief Executive Dennis Muilenburg told employees he was "fully supportive" of the board's decision to split his chairman and CEO roles, allowing him to focus on running the world's largest planemaker, according to a memo seen by Reuters on Wednesday. A Boeing spokesman did not provide an immediate comment. Muilenburg said the "division of labor" was the latest action taken by the board and senior company leaders to "strengthen Boeing's governance and safety management processes" as it struggles to get its fastest-selling 737 MAX jetliner back into the air following deadly crashes.
- Market Realist
Pilots Don’t Expect Boeing’s MAX to Return before February
The Southwest Airlines Pilots Association doesn’t expect the return of Boeing's (BA) 737 MAX aircraft before February 2020.
- Zacks
Boeing (BA) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Boeing (BA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Lockheed Martin's Sikorsky Introduces RAIDER X Helicopter
Lockheed Martin's (LMT) RAIDER X helps secure vertical lift dominance against evolving peer and near-peer threats in contested environments.
- 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.
- 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.
- 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.
- 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.
- Investing.com
United Airlines Upgrades Guidance Despite Mixed Q3 Results
Investing.com - United Airlines (NASDAQ:UAL) on Tuesday raised its guidance for the full year despite reporting mixed third-quarter results as revenue fell short of estimates.
- 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.
- 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.
- 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.
- 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
Southwest pilots say 737 MAX return may be delayed beyond Boeing's fourth quarter 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.
- Market Realist
Boeing MAX Flights: Airlines Extend Cancellations Again
Last week, American Airlines (AAL) and United Airlines (UAL) announced that they would remove all 737 MAX flights from their schedule through early January.
- Market Realist
Why Boeing 737 MAX May Not Fly Again This Year
On October 11, an international safety panel slammed Boeing and the FAA for the faulty certification process for the Boeing 737 MAX aircraft.
- Investing.com
Day Ahead: Top 3 Things to Watch
Investing.com - Here's a preview of the top 3 things that could rock markets tomorrow.
