Boeing Sets Company Sales Record in FY 2013; Jim McNerney Comments

Brendan McGarry
Boeing set a company record for sales in its 2013 fiscal year and attributed the number to sales of commercial aircraft and military equipment despite sequestration cuts on the U.S. defense budget, DoD Buzz reported Wednesday. Brendan McGarry writes the airplane maker had a 6-percent revenue increase from fiscal 2012 to $86.6 billion last year, and a 20-percent profit increase year-over-year to $7.07...

Christopher Chadwick Named Boeing Defense Chief in Series of Exec Promotions

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Christopher Chadwick Christopher Chadwick, president of Boeing‘s (NYSE: BA) military aircraft division, has been promoted to president and CEO of the company’s defense, space and security business segment in a series of executive appointments that take effect Dec. 31. The 31-year company veteran will succeed Dennis Muilenburg, who will elevate to the roles of vice chairman, president and...

Boeing Defense, Security & Space 2Q Revenue Grows on Higher Volume

Boeing Co. (NYSE: BA) reported financial results for the second quarter of its 2012 year Wednesday, reporting revenue growth in both of its major businesses compared to the same period in 2011. Quarterly Defense, Security & Space revenue grew 7 percent over the second quarter of 2011 as: military aircraft revenue rose 13 percent to $4.13 billion on higher delivery volume global services and support...

Report: Boeing Gives Non-Execs 20% More in 2011 Bonuses

Boeing (NYSE: BA) is giving nonexecutive white-collar employees a 20 percent increase in their 2011 bonuses, the Seattle Times reports. Starting Feb. 16, the company will pay $605.1 million to 109,993 employees, or nearly $5,500 per worker. The announcement comes after the company released its financial results on Jan. 25, reporting a $4 billion profit in fiscal year 2011. Boeing also reported $865...

Boeing Names Former Continental CEO Larry Kellner as Board Director; Jim McNerney Comments

Boeing‘s (NYSE: BA) board of directors has appointed Lark Kellner as a new director of the board, where he will serve on the audit and finance committees. Kellner, 52, is president of Houston-based private equity firm Emerald Creek Group and served as CEO of Continental Airlines from 2004 through 2009. He at different times served as the airline’s chief financial officer, president and...

Boeing, Northrop to Release Quarterly Financial Results July 27

Northrop Grumman (NYSE: NOC) will announce its second-quarter 2011 financial results July 27, 2011. The company will hold a conference call that day at 11:30 a.m. EST, which will be webcast live on Northrop Grumman’s website. Participants will include President and CEO Wes Bush and CFO Jim Palmer. Boeing Company (NYSE: BA) will release its second-quarter 2011 financial results at 7:30...

Boeing Board Declares Dividend of 42 Cents Per Share

Boeing (NYSE: BA) Chairman, President and CEO Jim McNerney reports the company’s board of directors has declared a regular quarterly dividend of 42 cents per share. As of noon Tuesday, June 28, Boeing was trading at $72.08 per share. The dividend is payable Sept. 2, 2011, to shareholders of record as of Aug. 12, 2011.  

Boeing Rolls Out Fiscal Numbers

Boeing (NYSE: BA) released the following fiscal information: “Second-quarter earnings per share of $1.06 on operating margin of 8.4 percent and revenue of $15.6 billion, with operating cash flow of $0.3 billion reflects continued investments in development programs.  Also, cash and marketable securities of $10.0 billion provides strong liquidity and backlog of $312 billion is nearly five times...

Boeing CEO Jim McNerney Set to Speak at Strategic Decisions Conference June 3

According to Boeing (NYSE: BA), Chairman, President and Chief Executive Officer Jim McNerney will speak at the 26th Annual Sanford C. Bernstein Strategic Decisions Conference in New York on June 3rd at 2 p.m. McNerney’s remarks will be broadcast live at www.boeing.com. The firm encourages individuals to check the website prior to the event to ensure their computers are configured for the audio...

Boeing Boss Jim McNerney Named to Obama’s Export Council

Boeing (NYSE: BA) Chairman, President and Chief Executive Officer Jim McNerney has been appointed to President Obama’s Export Council. “I am honored that President Obama has asked me to chair the President’s Export Council,” said McNerney.  “I look forward to working with Vice Chair Ursula Burns and other members of the Council to help expand U.S. exports. During these...

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