With 80 percent of its record orders backlog booked with overseas customers, the Boeing Co. should comfortably weather the current U.S. credit mess, CEO Jim McNerney said this morning.
"Right now, these developments aren't...
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Boeing is reporting a 38-percent jump in first-quarter profits this morning.
The company reported net income of $1.2 billion for the quarter, compared to $877 million in the first quarter of last year.On a per-share basis,...
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The Federal Reserve has just released its April Beige Book report, a collection of observations and reports from around the nation. We'll let CNBC worry about the nationwide outlook, and focus on what the 12th District board of...
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Boeing and its partners have made a lot of progress toward getting the 787 on track, says Pat Shanahan. "We simply haven't made enough."
As a result, the company is pushing back its timetable for first flight and...
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In a statement released this morning, the company says that while "significant progress has been made assembling Airplane #1," the first flight is being rescheduled, due to "slower than expected completion of work that traveled...
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That's what I get for thinking.
I heard the rumor a couple months ago, that Boeing was going to buy the troubled Global Aeronautica factory in Charleston, S.C. Global is a joint venture formed by two long-time Boeing suppliers...
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It's time to start watching Boeing's stock price.
As my friends at The Daily Herald in Everett noted this week, the deadline is approaching for another payout from the company's Share Value Trust program. If Boeing share...
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Boeing appealed the tanker contract? What? You woke me up early the day after I get back from vacation to tell me that? Of course Boeing appealed the Pentagon's decision to buy tankers from the EADS/Northrop Grumman joint...
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The EADS/Northrop Gruman tanker proposal was superior to Boeing's in every regard, says tanker guru Loren Thompson of the Lexington Insitute.
"Boeing didn't manage to beat Northrop in a single measure of merit," Thompson wrote...
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OK, the press conference is over.
My first reaction - this is a huge strategic win for Airbus' parent company, EADS. The Pentagon is the biggest weapons buyer in the world, and EADS wants - heck, needs - to get a share of...
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Obviously, there was no tanker announcement Wednesday afternoon. Instead, a top Pentagon official told Reuters yesterday that her "best bet" is that word on the decision about who gets the $40 billion contract will come down...
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Still no word from the Pentagon as to which way the tanker deal will fall - but Gov. Chris Gregoire already is putting the Air Force on notice about the political repercussions, should the generals opt for anything other than the...
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No word on tankers from the Pentagon this morning. So, while we wait, let's look at some other news.
The Los Angeles Times has an interesting profile on new Boeing 787 chief, Pat Shanahan. He doesn't have a high profile outside...
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The honchos at Longacres may know by now whether Boeing or the EADS/Northrop Gruman joint venture has won a $40 billion contract to provide 179 aerial refueling tankers to the U.S. Air Force.
A key Pentagon committee met...
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So Lion Air went ahead and ordered 56 more 737s. That's a nice win, but we knew that was going to happen - they've been talking about it for a couple months.
No, that's not the real news from Singapore. The really interesting...
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A Pentagon spokesman says there will be a final decision by the end of this month on whether to buy aerial refueling tankers from Boeing or an EADS/Northrop Gruman joint venture.
Fortunately for him, this is a leap year, and...
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All kinds of reports are surfacing about the potential blockbuster Delta-Northwest merger, which could get announced next week:
Air France reportedly stands ready to invest in the new mega-major;Delta CEO Richard Anderson wants...
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LYNNWOOD - Puget Sound's aerospace cluster has a formidable advantage over anyone who tries to elbow their way into the field, a leading aerospace analyst said Monday.
"Everyone who's tried to start a cluster has failed," Teal...
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Super Bowl, Super Tuesday, Fat Tuesday . . . what I wanna know is, do you really think that a President John McCain would let the Pentagon buy tankers from Boeing?
Sometime this month, the Pentagon is expected to decide -...
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So what does Boeing's 2007 earnings call mean for your business? Well, for starters, it'll affect your top line.
The big profits in 2007 mean big bonuses for many Boeing workers - engineers, technicians and non-union employees....
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Interesting call, eh? I've got to go into a meeting shortly, but here are a few quick thoughts:
$9.6 billion in free cash flow - Wow. Boeing has the cash to do whatever it needs to do with the 787, 747-8, 777 and 737 follow-ons....
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First, the good news: 2007 was a really good year for Boeing.
The company is reporting a net profit of $4.1 billion for the year, up a whopping 84 percent from 2006. On a per-share basis, earnings jumped to $5.28, up 85 percent...
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SEATTLE - Gov. Chris Gregoire pledged $3 million to expand aerospace apprenticeship programs in Washington, saying this morning that it's essential to continue expanding Washington's high-wage workforce.
"Now's the time not to...
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Boeing will announce its year-end earnings on Wednesday. As MarketWatch notes, analysts are going to want to hear more about what Boeing's going to do about the 787 this year than they will about last year's sales successes....
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The 787 got a nice vote of confidence Tuesday when Air Europa - the same Air Europa that was the launch customer for Airbus' original A350 - announced it has switched to the Dreamliner instead.
The Spanish leisure carrier said...
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The union for engineers and technicians at Boeing has gone outside the aerospace industry to pick a new chief executive.
Ray Goforth is the new executive director of the Society of Professional Engineering Employees in...
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I'll admit it -- Monday's global market sell-off had me spooked.
One of the reasons I've been bullish on the 2008 prospects for Boeing has been the strength of the global economy. Much of what I learned at business school last...
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I got an interesting e-mail last week from a former grad school classmate who's still in New York. He wanted to know what the word was out here about last week's announcement of another 787 delay. The scuttlebutt on the Street,...
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It's been a tough month for coffee company executives. Just a few weeks after Starbucks dumped CEO Jim Donald and two of his senior VPs, replacing him with co-founder Howard Schulz, Seattle-based Tully's Coffee suffered a...
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Now that Bank of America has swallowed up troubled mortgage lender Countrywide Financial, some people on Wall Street are banking on Seattle-based Washington Mutual being the next takeover target.
So far, it's little more than a...
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