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Boeing Co (BA)

BA on New York Consolidated

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6 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Spirit Aero says Airbus asking co to bid on number of new work packages - Conf call
Tuesday, 1 Nov 2016 11:59am EDT 

Spirit Aerosystems Holdings Inc : Says world class cost competitiveness in supply chain will remain a priority . Says company is going to be cash positive on A350 program by the end of this year, going into early next year . Says Airbus asking company to bid on a number of new work packages; says all three - fuselage, wing and propulsion - are areas of interest with Airbus . Says if company looks at M&A, it will have to be something that targets strategic priority, such as, getting into low cost country, expanding work with key suppliers, moving perhaps into military sector . Says has been able to negotiate with suppliers some long term improvements, that are driving down costs and improving cash flow in the out year . Says since January this year, Spirit Aero has been able to take out almost 2200 hours, or about 17 percent of direct labor, from the production process of Boeing 787 program . Says, in terms of acquisition opportunities, could look at "something bigger and more transformative perhaps in the future" . Says has initially established 500 units in the second block of Boeing 787 program Further company coverage: [SPR.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Boeing names Ihssane Mounir VP, sales and marketing for Commercial Airplanes
Friday, 14 Oct 2016 10:43am EDT 

Boeing Co : Boeing names Mounir new sales, marketing leader for Commercial Airplanes . Mounir succeeds John Wojick . New regional leader for Northeast Asia sales will be named at a later time .Ihssane Mounir has been named new Vice President of sales and marketing for Commercial Airplanes.  Full Article

Magellan Aerospace secures multi-year boeing 777x & 787 Dreamliner contracts
Thursday, 13 Oct 2016 05:28pm EDT 

Magellan Aerospace Corp : Magellan Aerospace secures multi-year Boeing 777X & 787 Dreamliner contracts . Magellan Aerospace Corp says signing of new long-term contracts for supply of complex titanium machined components for 777X program . Magellan Aerospace Corp- New long-term 777X contracts and 787 extension period will take effect in 2017 .Magellan Aerospace -In addition, co and Boeing agreed to long term contract extension on existing 787 Dreamliner program statement of work.  Full Article

China Southern Airlines enters into acquisition agreement with Boeing
Wednesday, 12 Oct 2016 05:19am EDT 

China Southern Airlines Co Ltd <600029.SS>: very substantial acquisition in relation to acquisition of aircraft . company entered into boeing aircraft acquisition agreement with boeing . according to information provided by boeing, catalogue price of each boeing b787-9 aircraft is priced about us$271 million .acquisition will be funded partly by internal resources of company.  Full Article

Boeing reports third-quarter deliveries
Thursday, 6 Oct 2016 11:00am EDT 

Boeing : Boeing reports third-quarter deliveries .Total commercial airplanes programs deliveries for Q3 were 188.  Full Article

Intrepid Aviation announces deal with Boeing
Thursday, 6 Oct 2016 11:00am EDT 

Intrepid Aviation Ltd : Intrepid announces deal with Boeing . Under agreement, the first two aircraft will continue to deliver new on long-term lease to Philippine airlines later this month, in December this year . Concluded a revised agreement with the Boeing company in respect of its purchase commitment for six firm B777-300ER aircraft . In respect of remaining 4 aircraft, 2 will be cancelled, instead Intrepid to buy from Boeing 2 new B747-8F freighter aircraft .In respect of remaining 4 aircraft, 2 will be rescheduled from late 2017 and early 2018 to 1st half 2019.  Full Article

United Airlines says entered into Note Purchase Agreement, dated as of September 27, 2016 - SEC filing
Thursday, 29 Sep 2016 02:55pm EDT 

United Airlines : United Airlines says entered into Note Purchase Agreement, dated as of September 27, 2016 - SEC filing . United Airlines says Note Purchase Agreement provides for future issuance by company of equipment notes in aggregate principal amount of $919,593,000 .United Airlines says agreement to finance 13 new Boeing aircraft scheduled for delivery between December 2016 and June 2017.  Full Article

Boeing says 15 new orders for week through Sept. 27
Thursday, 29 Sep 2016 11:06am EDT 

Boeing Co: Boeing says 15 new orders for the week through September 27, 2016 by unidentified customer(s) for fifteen 737s .In the changes category reduced 737 orders by 15 for week through September 27.  Full Article

Boeing names Jim Chilton President of Network & Space businesses
Thursday, 22 Sep 2016 12:56pm EDT 

Boeing Co: Boeing appoints Jim Chilton President of Network & Space businesses . Jim Chilton will succeed Craig R. Cooning as President of the company’s Network & Space Systems (N&SS) businesses, effective Oct. 21 . Creating new Strategic Defense & Intelligence Systems organization by combining group Chilton led with Electronic & Information Solutions team .Chris Raymond, currently E&IS Vice President and General Manager, will lead new Strategic Defense & Intelligence Systems organization.  Full Article

Boeing says 3 new orders for week through Sept 20, 2016
Thursday, 22 Sep 2016 11:24am EDT 

Boeing Co : Says three new orders (by unidentified customers for three 737s) for week through September 20, 2016 .Says in the changes category reduced 737 orders by two for week through September 20, 2016.  Full Article

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Trump on Boeing's Air Force One contract: 'Cancel order!'

WASHINGTON/NEW YORK U.S. President-elect Donald Trump urged the government on Tuesday to cancel an order with Boeing Co for a revamped Air Force One - a prominent symbol of the U.S. presidency - complaining that costs were out of control. | Video