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Boeing Co (BA.N)

BA.N on New York Stock Exchange

330.45USD
16 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Adage Capital Partners Cuts Share Stake In Boeing By 16.2%
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Adage Capital Partners GP LLC :ADAGE CAPITAL PARTNERS CUTS SHARE STAKE IN BOEING BY 16.2% TO 635,179 SHARES - SEC FILING.ADAGE CAPITAL PARTNERS DISSOLVES SHARE STAKE IN SPOTIFY TECHNOLOGY - SEC FILING.ADAGE CAPITAL PARTNERS DISSOLVES SHARE STAKE IN MATTEL INC SHARES.ADAGE CAPITAL PARTNERS DISSOLVES SHARE STAKE IN TIFFANY & CO NEW SHARES.ADAGE CAPITAL PARTNERS UPS SHARE STAKE IN UNITED PARCEL SERVICE INC BY 31.9% TO 763,189 CLASS B SHARES.ADAGE CAPITAL PARTNERS GP LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.  Full Article

Woodward Reports Q3 Earnings Per Share Of $1.02
Monday, 5 Aug 2019 

Aug 5 (Reuters) - Woodward Inc ::WOODWARD REPORTS THIRD QUARTER FISCAL YEAR 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.30.Q3 EARNINGS PER SHARE $1.02.Q3 SALES $752 MILLION VERSUS REFINITIV IBES ESTIMATE OF $694.1 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $1.16 -- REFINITIV IBES DATA.SEES FY 2019 SALES ABOUT $2.9 BILLION."WE BELIEVE WE WILL FINISH THE YEAR WITH SALES AND EARNINGS IN THE UPPER END OF OUR PREVIOUS GUIDANCE".IN AEROSPACE SEGMENT, QTRLY OEM SALES HAVE NOT BEEN SIGNIFICANTLY IMPACTED BY EFFECTS OF BOEING 737MAX GROUNDING.ADJUSTED EARNINGS PER SHARE IS NOW EXPECTED TO BE BETWEEN $4.70 AND $4.80 FOR FISCAL YEAR 2019.FY2019 EARNINGS PER SHARE VIEW $4.87, REVENUE VIEW $2.86 BILLION -- REFINITIV IBES DATA.  Full Article

Senior Expects To Make Progress In Aerospace Unit In H2, Says Monitoring 737 Max Situation Closely
Monday, 5 Aug 2019 

Aug 5 (Reuters) - Senior PLC ::SENIOR PLC - HALF-YEAR REPORT.SENIOR PLC - BOARD EXPECTS TO MEET CURRENT EXPECTATIONS FOR 2019.SENIOR PLC - INTERIM DIVIDEND INCREASED BY 4% TO 2.28 PENCE PER SHARE.SENIOR PLC - HALF YEAR 2019 GROUP TRADING IN LINE WITH EXPECTATIONS.SENIOR PLC - TRADING AT GROUP LEVEL IN FIRST HALF OF 2019 HAS BEEN IN LINE WITH EXPECTATIONS.SENIOR PLC - HY GROUP REVENUE INCREASED BY 10.9% TO £580.4M (H1 2018: £523.3M)..SENIOR PLC - OUTLOOK FOR CIVIL AEROSPACE MARKET REMAINS POSITIVE.SENIOR PLC - HY PROFIT BEFORE TAX £26.5M VERSUS £31.4M.SENIOR PLC - SECTOR HAS BEEN IMPACTED BY GROUNDING OF 737 MAX FLEET .SENIOR-FLEXONICS DIVISION END MARKETS LESS CERTAIN, SOMEWHAT DEPENDENT ON MACROECONOMIC AND GEOPOLITICAL FACTORS LIKE TRADE DISCUSSIONS BETWEEN US-CHINA.SENIOR- FLAGS HEADWINDS FROM REPORTED 737 MAX PRODUCTION RATE CUTS AND ONGOING UNCERTAINTY AROUND CURRENT GEOPOLITICAL AND MACRO-ECONOMIC BACKDROP.SENIOR PLC <<>> - OUTLOOK FOR CIVIL AEROSPACE MARKET REMAINS POSITIVE AS NEW, MORE EFFICIENT, AIRCRAFT PROGRAMMES CONTINUE TO RAMP-UP IN PRODUCTION.SENIOR PLC - FOR FLEXONICS DIVISION FOR FULL YEAR WE CONTINUE TO EXPECT MARGIN PROGRESSION IN THIS DIVISION TO OFFSET SALES DECLINE.SENIOR PLC - WE REMAIN ALERT TO IMPACT ANY FINAL BREXIT DEAL WILL HAVE ON MACRO ECONOMIC CONDITIONS.SENIOR PLC - DO NOT ANTICIPATE A SIGNIFICANT DIRECT IMPACT FROM BREXIT ON GROUP'S ACTIVITIES.  Full Article

Spirit AeroSystems Says Expects It Will Not Produce At A Rate Higher Than 52 In 2020 - Conf Call
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Spirit AeroSystems ::SPIRIT AEROSYSTEMS CEO - "WE COMMUNICATE WITH BOEING REGULARLY AND WILL COORDINATE OUR PRODUCTION RATES WITH THEM ON THE TIMING OF THE MAX RETURNING TO SERVICE" - CONF CALL.SPIRIT AEROSYSTEMS CEO SAYS IN Q2 CO INDUSTRIALIZED THE PROCESS FOR TRANSPORTING AND STORING THE EXCESS MAX FUSELAGES.SPIRIT AEROSYSTEMS SAYS DOES NOT EXPECT TO PRODUCE AT A HIGHER RATE THAN 52 MAX AIRCRAFT PER MONTH IN 2019.SPIRIT AEROSYSTEMS CEO SAYS CO IS TARGETING AROUND A 5% REDUCTION IN TOTAL FIXED COSTS TO OFFSET THIS NEW PRODUCTION LEVEL.SPIRIT AEROSYSTEMS CEO SAYS CO'S EXPECTATION IS THAT IT WILL NOT PRODUCE AT A RATE HIGHER THAN 52 DURING 2020.SPIRIT AEROSYSTEMS CEO SAYS CO'S GOAL IS TO ACHIEVE A 16.5% MARGIN RATE IN 2020.SPIRIT AEROSYSTEMS CEO SAYS CO WILL CONTINUE TO PRODUCE AT RATE 52 IN ORDER TO BURN OFF EXCESS STORED INVENTORY AFTER BOEING EVENTUALLY TRANSITIONS TO RATE 57.SPIRIT AEROSYSTEMS CFO SAYS CO INCREASED RECEIVABLES TO HELP OFFSET SOME MAX-RELATED INVENTORY HEADWINDS IN Q2; THIS IS A TEMPORARY MEASURE, WHICH WILL BE RELIEVED WHEN CASH ADVANCE IS RECEIVED FROM BOEING IN Q3.SPIRIT AEROSYSTEMS SAYS THERE REMAINS UNCERTAINTY ON THE MAX'S RETURN TO SERVICE; FOR NOW CO WILL PRODUCE PARTS FOR THE JET AT 52 UNITS PER MONTH.SPIRIT AEROSYSTEMS CEO - "WITH THE AIR-TRAFFIC CONTINUING TO GROW AT STRONG RATES AROUND THE WORLD, THE GLOBAL AEROSPACE MARKET REMAINS STRONG".  Full Article

Boeing supplier Spirit Aero's Q2 profit rises
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Spirit Aerosystems Holdings Inc ::SPIRIT AEROSYSTEMS REPORTS SOLID Q2 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.71 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $1.61.Q2 EARNINGS PER SHARE ESTIMATE $1.64 -- REFINITIV IBES DATA.Q2 REVENUE $2.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.98 BILLION.CONTINUING TO WORK CLOSELY WITH BOEING AND SUPPLY BASE TO MANAGE 737 MAX GROUNDING DISRUPTION.EUROPEAN COMMISSION APPROVAL OF ASCO ACQUISITION CLOSING DELAYED DUE TO CYBERATTACK; EXPECTED TO CLOSE IN Q4.SPIRIT - DUE TO 737 MAX GROUNDING, OTHERS, CO IMPLEMENTED COST-REDUCTION PLANS TO MITIGATE IMPACT OF LOWER 737 PRODUCTION SCHEDULE.SPIRIT AEROSYSTEMS HOLDINGS - IN JUNE 2019, ASCO EXPERIENCED A CYBERATTACK LEADING TO SHUTDOWN OF ITS FACILITIES IN BELGIUM, GERMANY, U.S., AND CANADA.ASCO IS WORKING TO RESTORE ITS OPERATIONS AND SYSTEMS BACK TO FULL CAPACITY.SPIRIT AEROSYSTEMS - CO IMPLEMENTED COST-REDUCTION PLANS TO MITIGATE IMPACT OF LOWER 737 PRODUCTION SCHEDULE.SPIRIT AEROSYSTEMS - ATTACK CAUSED DELAYS IN ASCO'S ABILITY TO CONTINUE PROCESS OF DATA SEGREGATION REQUIRED BY EUROPEAN COMMISSION TO CLOSE TRANSACTION.LONG-STOP DATE FOR TRANSACTION IS NOW OCTOBER 29, 2019.SPIRIT AEROSYSTEMS - COST-REDUCTION PLANS' ACTIONS INCLUDE REDUCED LEVELS OF OVERTIME AND CONTRACTORS, VOLUNTARY RETIREMENT PLAN.SPIRIT-PURCHASE AGREEMENT AMENDMENT ALSO REQUIRES SELLERS TO KEEP CO INFORMED ON DEVELOPMENTS RELATING TO CYBERATTACK, INDEMNIFY CO FOR UPTO $150 MILLION IN DAMAGES.  Full Article

GE Raises FY Adjusted EPS outlook to $0.55 to $0.65
Wednesday, 31 Jul 2019 

July 31 (Reuters) - General Electric Co ::INCREASING 2019 OUTLOOK FOR INDUSTRIAL SEGMENT ORGANIC REVENUES GROWTH TO THE MID-SINGLE-DIGIT RANGE.GE SAYS OUR TOP-LINE GROWTH WAS SOLID.INCREASING 2019 ADJUSTED EPS TO $0.55 - $0.65.GE QTRLY GE CFOA (GAAP) OF $42 MILLION; ADJUSTED GE INDUSTRIAL FREE CASH FLOWS (NON-GAAP) OF NEGATIVE $1.0 BILLION."CONTINUES TO WORK CLOSELY WITH BOEING TO ACTIVELY MANAGE OUR ENGINE PRODUCTION WHILE THE 737 MAX FLEET REMAINS GROUNDED".GE QTRLY POWER ORDERS OF $4.9 BILLION WERE DOWN 22% REPORTED AND UP 2% ORGANICALLY.QTRLY BHGE ORDERS WERE $6.5 BILLION, UP 8% REPORTED AND 11% ORGANICALLY.GE QTRLY BAKER HUGHES REVENUE OF $6.0 BILLION WERE UP 7% REPORTED AND 11% ORGANICALLY.DUE TO IMPROVEMENTS AT POWER, LOWER RESTRUCTURING, INTEREST, BETTER VISIBILITY AT HALF, CO RAISING FY OUTLOOK FOR INDUSTRIAL SEGMENT ORGANIC REVENUE.INCREASING 2019 OUTLOOK FOR GE INDUSTRIAL FREE CASH FLOWS TO NEGATIVE $1 BILLION - POSITIVE $1 BILLION.WE WILL CONTINUE TO TAKE PLANNED ACTIONS TO IMPROVE OUR BUSINESSES AND MONITOR SOME MARKET HEADWINDS.GE CONTINUES TO EXPECT ADJUSTED INDUSTRIAL FREE CASH FLOW TO BE IN POSITIVE TERRITORY IN 2020 WITH FURTHER ACCELERATION IN 2021..SEES 2019 ADJUSTED GE INDUSTRIAL MARGIN EXPANSION OF ABOUT FLAT TO UP ABOUT 100 BASIS POINTS.FY2019 EARNINGS PER SHARE VIEW $0.59 -- REFINITIV IBES DATA.SEES 2019 PROJECTED RESTRUCTURING (INDUSTRIAL) CASH OF $1.5+ BILLION VERSUS $2.0 BILLION PROJECTED IN MARCH 2019.  Full Article

GE Reports Q2 Loss Per Share of $0.01
Wednesday, 31 Jul 2019 

July 31 (Reuters) - General Electric Co ::QTRLY CONSOLIDATED REVENUES $28.8 BILLION VERSUS $29.2 BILLION.GE QTRLY NET LOSS PER SHARE $0.01.QTRLY CONTINUING LOSS PER SHARE WAS $0.03.AS OF JUNE 30, CO HAD ABOUT $2.1 BILLION OF NET ASSETS RELATED TO THE 737 MAX PROGRAM.AS A RESULT OF 737 MAX GROUNDING, GE CFOA WAS ADVERSELY AFFECTED BY ESTIMATED $0.3 BILLION & $0.6 BILLION FOR QUARTER & SIX MONTHS ENDED JUNE 30, 2019.IF THE 737 MAX REMAINS GROUNDED, BASED ON CURRENT ASSUMPTIONS, ANTICIPATE A NEGATIVE IMPACT TO GE CFOA OF ABOUT $0.4 BILLION/PER QUARTER IN H2 2019..NO IMPAIRMENT CHARGES WERE INCURRED RELATED TO 737 MAX AIRCRAFT AND RELATED BALANCES IN H1 2019, BELIEVE THESE ASSETS ARE FULLY RECOVERABLE.QTRLY EXCLUDING. CHARGES, ADJUSTED EARNINGS PER SHARE WAS $0.17.Q2 EARNINGS PER SHARE VIEW $0.12, REVENUE VIEW $28.68 BILLION -- REFINITIV IBES DATA.IN QUARTER, RECORDED A NON-CASH IMPAIRMENT LOSS OF $744 MILLION RELATED TO GOODWILL IMPAIRMENTS.AFTER THE IMPAIRMENT CHARGE, THERE IS NO REMAINING GOODWILL ASSOCIATED WITH GRID SOLUTIONS EQUIPMENT & SERVICES REPORTING UNIT.QTRLY GE INDUSTRIAL PROFIT MARGINS WERE NEGATIVE 1.3%, DOWN 590 BASIS POINTS.GE CFOA FROM CONTINUING OPERATIONS WAS NEGATIVE $0.8 BILLION FOR BOTH SIX MONTHS ENDED JUNE 30, 2019 AND 2018.ADJUSTED GE INDUSTRIAL FCF WERE NEGATIVE $2.2 BILLION AND NEGATIVE $1.4 BILLION FOR SIX MONTHS ENDED JUNE 30, 2019 AND 2018, RESPECTIVELY.  Full Article

Triumph Group Reports First Quarter Adjusted Earnings Per Share Of $0.46
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Triumph Group Inc ::TRIUMPH GROUP REPORTS FIRST QUARTER FISCAL 2020 RESULTS.SEES FY 2020 EARNINGS PER SHARE $2.35 TO $2.95.Q1 ADJUSTED EARNINGS PER SHARE $0.46.Q1 EARNINGS PER SHARE $0.36.Q1 SALES $730.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $699.9 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.44 -- REFINITIV IBES DATA.SEES FY 2020 SALES ABOUT $2.8 BILLION TO $2.9 BILLION.MAINTAINS FISCAL YEAR 2020 GUIDANCE INCLUDING POSITIVE FREE CASH FLOW.TRIUMPH GROUP - BOEING 737 MAX DELAYS ARE CURRENTLY FORECASTED TO IMPACT TRIUMPH REVENUE BY LESS THAN 2% IN YEAR WITH OFFSETTING ACTIONS IN PROGRESS.FY2020 REVENUE VIEW $2.86 BILLION -- REFINITIV IBES DATA.QTRLY BACKLOG WAS $3.7 BILLION AND INCREASED 1% ORGANICALLY COMPARED TO PRIOR YEAR PERIOD.EXPECT TO BE CASH FLOW POSITIVE IN SECOND HALF OF YEAR.  Full Article

United Technologies - Multiple Lawsuits Have Been Filed In U.S. Courts Relating To Lion Air Flight 610, Ethiopian Airlines Flight 302 Accidents
Friday, 26 Jul 2019 

July 26 (Reuters) - Boeing Co ::UNITED TECHNOLOGIES - MULTIPLE LAWSUITS HAVE BEEN FILED IN U.S. COURTS RELATING TO LION AIR FLIGHT 610, ETHIOPIAN AIRLINES FLIGHT 302 ACCIDENTS.UNITED TECHNOLOGIES - CERTAIN OF COLLINS AEROSPACE BUSINESSES HAVE BEEN NAMED AS A PARTY, AMONG OTHERS, IN MANY OF LAWSUITS RELATING TO THE ACCIDENTS.UNITED TECHNOLOGIES - DO NOT EXPECT THAT LAWSUITS, GOV'T INVESTIGATIONS WILL HAVE MATERIAL ADVERSE EFFECT ON FINANCIAL POSITION, RESULTS OF OPERATIONS.  Full Article

Structural Monitoring Systems Executes Updated Supplemental Licensing Agreement With Boeing
Thursday, 25 Jul 2019 

July 26 (Reuters) - Structural Monitoring Systems Plc ::EXECUTES UPDATED SUPPLEMENTAL LICENSING AGREEMENT WITH BOEING, AND PROGRAMS UPDATE.SMS HAS BEEN GRANTED LICENSE RIGHTS TO USE BOEING PROPRIETARY DATA FOR SALE OF PRODUCTS OR SERVICES.UNDER WI-FI STC PROGRAMME , CO EXPECTING INAUGURAL APPROVAL FOR B737-800 AND -900 AIRCRAFT MODELS IN CALENDAR 2019.  Full Article

PRESS DIGEST- British Business - Aug 16

Aug 16 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.