Boeing Co/The Company News
At 140 times projected 2024 earnings, Boeing stock may cost too much.
The aerospace giant's medium-term aspirations are coming under increasing scrutiny.
Boeing Co's new Starliner astronaut capsule was poised for a Monday night launch of its long-delayed inaugural crewed test flight to the International Space Station, two years after its first voyage without humans to the orbital laboratory. The gumdrop-shaped CST-100 Starliner with two astronauts aboard was due for liftoff at 10:34 p.m. (0234 GMT on Tuesday) from NASA's Kennedy Space Center in Florida, carried atop an Atlas V rocket furnished by the Boeing-Lockheed Martin joint venture United Launch Alliance (ULA).
The spacecraft is set to take a crewed flight to the International Space Station after years of delays and falling behind SpaceX.
In the latest round of their decades-long battle for dominance in commercial aircraft, Europe’s Airbus established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing problems and ongoing safety concerns. Airbus has outpaced Boeing for five straight years in plane orders and deliveries, and just reported a 28% quarterly increase in net profit. It was already winning market share by beating Boeing to develop a line of fuel-efficient, mid-sized aircraft that are cheaper for airlines to fly.
Frank Anderson Shrontz, the former chief executive officer and chairman of planemaker Boeing and part owner of the Seattle Mariners baseball team, has died, the Mariners said in a statement on Saturday. Shrontz joined Boeing in 1958 before taking a hiatus and then rejoined the company to later become its chief executive officer for a decade. Shrontz served in the Department of Defense in the Richard Nixon and Gerald Ford administrations during his brief tenure outside company, including as assistant secretary of the Air Force, before rejoining the planemaker in 1977, according to a biography on Boeing's website.
The aerospace giant's problems are far from over, and its $10 billion free cash flow target is becoming increasingly doubtful.
Several of the Dow's blue chip constituents are now deeply discounted, but that doesn't necessarily make them worth owning.
Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters' union failed to deliver an agreement on wages. The company said Saturday that it locked out about 125 firefighters and a facility about 170 miles (275 kilometers) away in central Washington. The firefighters serve as first responders to fires and medical emergencies and can call in help from local fire departments.
In a note distributed to investors on Thursday, JPMorgan analysts recounted a recent meeting they had with Boeing CFO Brian West.
(Bloomberg) -- Institutional Shareholder Services urged Boeing Co. investors to vote against a $32.8 million pay package for its chief executive officer, citing concerns over a special equity award and a “sizable increase” in his long-term incentive grant.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeFrance’s Macron Calls for Reset of Economic Ties With ChinaTreasury Rally Risks Running Into a
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Boeing Co/The Short Company Overview:
The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide. The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.
