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Search Results for: Boeing

Boeing to Issue $2.05B Charge, $393M KC-46 Writedown in 2Q Earnings

Boeing (NYSE: BA) will take $2.05 billion in total after-tax charges on second quarter earnings that include a $393 million writedown on the KC-46 refueling tanker for the Air Force when the airplane manufacturer reports April-June results Wednesday. The company said Thursday the charges amount to $3.23 in earnings per share with 63 …

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Bell Boeing to Build 4 Osprey Tiltrotors for Japan Under $545M Navy Contract Modification

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a four-year, $544.6 million contract modification from the U.S. Navy to manufacture and deliver four MV-22 Osprey multirole tiltrotor aircraft to Japan under the foreign military sales program. The Bell-Boeing Joint Program Office will also obtain long-lead materials needed …

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Navy Awards Boeing $100M Contract Modification to Support Australia P-8A Patrol Aircraft Production

Boeing (NYSE:BA) has secured a $100.4 million contract modification from the U.S. Navy to provide long-lead parts and support services for the production of four Lot 8 P-8A maritime patrol aircraft for Australia. The Defense Department said Tuesday the contract falls under a cooperative engagement agreement and work is scheduled to occur through June 2017 in Washington, …

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Greg Hyslop Adds CTO Role at Boeing; Dennis Muilenburg Comments

Greg Hyslop, senior vice president of engineering, test and technology at Boeing (NYSE: BA), has been appointed to also serve as chief technology officer of the company. He will succeed the retiring John Tracy, CTO for 10 years and a 35-year company veteran, and continue to report to Dennis Muilenburg, Boeing chairman, …

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Boeing Gets $127M Contract Modification to Continue Risk Reduction Support for Future Presidential Aircraft

Boeing (NYSE: BA) has secured a potential $127.3 million contract modification to continue to perform risk reduction efforts for the U.S. Air Force’s Presidential Aircraft Recapitalization program. The Air Force said Friday it issued the contract modification in order to determine how to procure, build, test and modify Boeing’s 747-8 commercial aircraft …

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Weekly Roundup July 11 – July 15 2016: Boeing Throws Hat Into Defense Services M&A Mix & more

July 11 – July 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson    One of the world’s two largest airplane manufacturers is mulling acquisitions in the defense services arena that would continue a trend among prime contractors toward capability-based deals. Leanne Caret, …

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July 14 Market Close: GovCon Index Boosted on Boeing, General Dynamics Gains

Executive Mosaic’s GovCon Index held higher for a fifth straight session Thursday on contributions from aerospace stocks Boeing (NYSE: BA) and General Dynamics (NYSE: GD) as U.S. financial markets received a boost from gains in JPMorgan (NYSE: JPM) shares. The GovCon Index rose 0.072 points to a record 81.823 as the S&P …

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Leanne Caret: Boeing Considers ‘Bolt-On’ Acquisitions in Services Sector

An official with Boeing (NYSE: BA) said the company plans to make smaller bolt-on acquisitions in the services sector in an effort to increase revenue of the firm’s defense, space and security business, Bloomberg reported Monday. Leanne Caret, CEO of Boeing’s defense, space and security business, said Boeing plans to …

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UK Govt Unveils New Boeing Defense Purchases, Aerospace R&D Partnership Pacts

The U.K. government and Boeing (NYSE:BA) have announced a set of defense-related pacts that cover sales of maritime patrol aircraft and attack helicopters to the country’s military, added research-and-development spending and initiatives to create new aerospace jobs in Britain. In a series of statements Monday, the U.K.’s defense ministry said it will …

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Boeing Ships 3 More Chinook Helicopters to Australia

TYSONS CORNER, VA, July 8, 2016 — Boeing (NYSE: BA) has delivered three additional H-47 Chinook helicopters to Australia to bring the country’s total fleet of CH-47F Chinooks to 10, ExecutiveBiz reported Thursday. The company said Wednesday it worked with the U.S. Army and the Australian army to deliver the helicopters 85 days after …

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