The shares of Boeing Co (NYSE:BA) rose in excess of 5 percent after the aircraft manufacturer announced its fourth quarter 2014 financial results. The jet manufacturer reported 23 percent increase in its core profit during its recent quarter primarily because of record deliveries during the quarter and right timing of receipts. In addition to its…
Boeing Co (BA)’s Expects More Orders for Poseidon As Pentagon Raises Order For the Aircraft
After making record aircraft deliveries in 2014, Boeing Co (NYSE:BA)’s military aircraft has received a boost after an internal sources indicated increase in Pentagon’s fiscal budget for 2016. The U.S. Navy will order 16 maritime surveillance aircrafts against the previous estimate of 15. Boeing P-8 Poseidon is a military aircraft and every single of these…
Boeing Co. (BA) Labor Unions Working for Conditions on $8.7 Billion Tax Breaks
Boeing Co (NYSE:BA)’s two biggest unions are working to push a legislative bill that will create conditions for the $8.7 billion tax incentive granted to Boeing and the aerospace industry by the state of Washington back in 2013. According to union leaders, two bills are being planned to be introduced in the current legislative session.…
Boeing Co (BA) And Airbus Group NV (AIR) Compete Toe-to-Toe On Orders And Deliveries, Boeing Denies Plans For Long Range 737
The business world is all about competition and the most recent one making rounds in the market involves two of the largest jet manufacturers of the world, Boeing Co (NYSE:BA) and Airbus Group NV (EPA:AIR). According to the latest reports, Boeing said that it is not planning to compete with Airbus over the long-range 737…
Boeing Co. (BA) Hits 2014 Target With Industry Record Deliveries
Boeing Co (NYSE:BA) successfully hit its 2014 delivery targets with an industry record 723 jetliners delivered for the year. The Chicago based plane maker received a total of 1,550 gross orders as well as 1,432 net orders valued at $232.7 as of 2014 list prices. Compared to 2013, net orders for 2014 surged at 6…
BlackBerry Ltd (BBRY) And Boeing Co (BA) Join Hands To Develop A Secure Phone With Self-Destroy Feature
The Canadian mobile technology company, BlackBerry Ltd (NASDAQ:BBRY), has collaborated with the largest jet manufacturer of the world, Boeing Co (NYSE:BA), to create a cell phone with self-destruction capabilities. The device is known as Boeing Black and it can self-destroy in case of any tampering or similar threats. This partnership is aimed to take mobile…
Boeing Co (BA) Slashing 747-8 Production in Sept 2015 Due to Reduced Demand
Boeing Co (NYSE:BA) announced on Tuesday a “minor change in production rate” that will see its production of the 747-8 jumbo jet slashed from the current 1.5 planes per month to 1.3. The company will implement the cut starting in September of next year. According to Boeing, the cut is a necessary measure in the…
Airbus Group NV (AIR) Ahead of Boeing Co (BA) In Delta Air Lines, Inc. (DAL)’s 50 Jet Order
Airbus Group NV (EPA:AIR) is likely to win against Boeing Co (NYSE:BA) in Delta Air Lines, Inc. (NYSE:DAL)’s 50 Jet order. The overall deal is valued at $13 billion and Airbus is at the front with its efficient jet portfolio. Airbus Group is likely to consider this deal an indication of Delta Air Lines’ inclination…
Boeing Co (BA) Aims For New Airliner Amid Increasing Local And Chinese Competition
The U.S. airplane maker, Boeing Co (NYSE:BA), announced plans to develop a new airplane for replacing its 737 MAX jetliner before 2030. With the increasing pressure from other airplane manufacturer and Chinese companies, the jet maker is eying potential opportunities. While talking at an innovation summit, the CEO of Boeing, Jim McNerney, announced plans for…