Welcome to our dedicated page for Boeing news (Ticker: BA), a resource for investors and traders seeking the latest updates and insights on Boeing stock.
The Boeing Company (symbol: BA) is an American multinational corporation that is a global leader in the aerospace and defense industries. Known for designing, manufacturing, and selling a comprehensive range of aircraft, rotorcraft, rockets, satellites, telecommunications equipment, and missiles, Boeing also offers leasing and product support services worldwide.
Boeing's Operations
Boeing operates through three main segments:
- Commercial Airplanes: Competing with Airbus, this segment produces aircraft capable of carrying more than 130 passengers, including the renowned 737, 777, and 787 families.
- Defense, Space & Security: This segment is pivotal in producing military aircraft, satellites, and other defense products, competing with firms like Lockheed Martin and Northrop Grumman.
- Global Services: Providing aftermarket support to airlines, ensuring the long-term serviceability of its aircraft and defense products.
Recent Achievements and Projects
In March 2024, Boeing and Ethiopian Airlines announced an agreement for the purchase of eight 777-9 passenger airplanes with potential for up to 12 additional jets. This deal marks Ethiopian Airlines as the first 777X customer in Africa, further solidifying Boeing's footprint in the region. Additionally, Boeing continues to support Ethiopian Airlines' modernization efforts and commitment to environmental sustainability.
Another notable development includes Boeing's largest annual purchase of sustainable aviation fuel (SAF) in April 2024, which is more than 60% higher than the previous year. This underscores Boeing's commitment to reducing carbon emissions and promoting sustainability in the aerospace industry.
Financial Condition and Market Presence
As of the first quarter of 2024, Boeing recorded a revenue of $16.6 billion. Despite facing challenges, including lower commercial delivery volumes, the company remains focused on improving quality and safety management systems. Boeing's backlog stood at $529 billion, reflecting strong market demand and future growth prospects.
Partnerships and Innovations
Boeing's partnerships extend globally, leveraging a diverse team to innovate for future advancements in aerospace technology. The company's ecoDemonstrator program, for instance, has been pivotal in testing new technologies aimed at reducing environmental impacts and improving flight efficiency.
In the space sector, Boeing made significant strides with the NASA-Boeing Starliner Crew Flight Test in June 2024, launching astronauts to the International Space Station aboard the Starliner spacecraft.
For more information on career opportunities and Boeing's latest innovations, visit boeing.com.
Boeing [NYSE: BA] has appointed Jeff Shockey as executive vice president of Government Operations, Global Public Policy & Corporate Strategy, effective Feb. 24. Shockey will oversee Boeing's global public policy initiatives, including U.S. federal, state and local government operations, sustainability, and Boeing Global Engagement. He will report directly to CEO Kelly Ortberg and serve on the Executive Council.
Shockey brings over 30 years of experience in government and government relations, rejoining Boeing from RTX where he led global government relations. His previous roles at Boeing included vice president positions in Global Sales and Marketing for Defense, Space & Security, and Federal Affairs and International Policy. He has also held senior positions in the U.S. House of Representatives, including staff director roles in key committees.
Boeing [NYSE: BA] has announced that CEO Kelly Ortberg will be presenting at the Barclays Industrial Select Conference on February 20, 2025, at 8:40 a.m. ET. The presentation will be accessible via webcast through Boeing's investor relations website in the Events and Presentations section at www.boeing.com/investors. Interested parties are advised to verify their access to the audio stream before the session begins.
Boeing [BA] reported challenging fourth-quarter 2024 results, with revenue declining 31% to $15.2 billion. The company posted a GAAP loss per share of $5.46 and core loss per share of $5.90. Operating cash flow was negative $3.5 billion, while total cash and marketable securities stood at $26.3 billion.
The results were significantly impacted by the IAM work stoppage and agreement, charges for defense programs, and workforce reduction costs. Commercial airplane deliveries dropped 64% to 57 units in Q4, while full-year deliveries decreased 34% to 348 units. Despite challenges, the company maintained a strong backlog of $521 billion, including over 5,500 commercial airplanes.
The Commercial Airplanes segment saw a 55% revenue decline to $4.8 billion with a negative operating margin of 43.9%. Defense, Space & Security revenue fell 20% to $5.4 billion with a negative operating margin of 41.9%. Global Services was the only segment showing growth, with revenue up 6% to $5.1 billion.
Boeing [NYSE: BA] has announced preliminary Q4 2023 results, expecting revenue of $15.2 billion, with a GAAP loss per share of ($5.46) and negative operating cash flow of ($3.5) billion. The company ended Q4 with $26.3 billion in cash and marketable securities.
Commercial Airplanes division anticipates Q4 revenue of $4.8 billion with an operating margin of (43.9)%. The segment faces pre-tax charges of $1.1 billion, including $0.9 billion for the 777X program due to increased labor costs following the IAM agreement.
Defense, Space & Security expects Q4 revenue of $5.4 billion with an operating margin of (41.9)%. The segment will recognize $1.7 billion in pre-tax charges across multiple programs, including $0.8 billion for KC-46A and $0.5 billion for T-7A due to higher manufacturing costs and production estimates.
Boeing [NYSE: BA] has released its delivery report for the fourth quarter of 2024, showcasing deliveries across commercial and defense operations. In commercial aircraft, Boeing delivered a total of 57 aircraft in Q4 2024, including 36 737s, 3 767s, 3 777s, and 15 787s. The full-year 2024 commercial deliveries totaled 348 aircraft.
In the Defense, Space & Security segment, Q4 deliveries included 16 Apache helicopters (6 new, 10 remanufactured), 4 Chinook helicopters (2 new, 2 renewed), 4 F-15 models, 6 F/A-18 models, 3 MH-139, 1 T-7A, and 2 Commercial and Civil Satellites. The total defense deliveries for Q4 reached 36 units, with a full-year total of 112 units. The company will release detailed financial results on January 28.
Boeing [NYSE: BA] has announced it will release its fourth quarter 2024 financial results on Tuesday, January 28. President and CEO Kelly Ortberg and CFO Brian West will host a conference call at 10:00 a.m. ET to discuss the results and company outlook.
The event will be accessible via webcast through Boeing's investor relations website, where the news release and presentation materials will be available before the event. Participants are advised to check the webcast site beforehand to ensure compatibility with the audio stream and slide presentation.
Boeing [NYSE: BA] has appointed Dana Deasy as the company's new chief information digital officer and senior vice president, Information Technology & Data Analytics, effective December 31, 2024. Deasy, who brings over 40 years of technology and leadership experience, will oversee all aspects of information technology, information security, and data and analytics, reporting directly to Boeing President and CEO Kelly Ortberg.
Deasy's extensive career includes serving as chief information officer at the U.S. Department of Defense, JPMorganChase, BP, and General Motors. He succeeds Susan Doniz, who departed the company in late 2024. In his new role, Deasy will focus on protecting against cyber threats and implementing emerging technologies like artificial intelligence to support Boeing's safety and quality goals.
Boeing (NYSE: BA) and Pegasus Airlines announced a major fleet expansion deal where Türkiye's leading low-cost carrier will purchase up to 200 737 MAX airplanes. The agreement includes a firm order for 100 737-10 jets and options for 100 additional aircraft.
The 737-10, the largest model in the 737 MAX family, can accommodate up to 230 passengers with a range of 5,740 km while reducing fuel use and emissions by 20% compared to predecessor models. This order brings the total orders for the 737 MAX variant to over 1,200 jets.
The deal will support Pegasus Airlines' expansion across Europe, the Middle East, Central Asia, and Africa, while also creating opportunities for Turkish manufacturers through Boeing's National Aerospace Initiative.
Millennium Space Systems, a Boeing Company [NYSE: BA], has appointed Tony Gingiss as its new CEO effective December 9, 2024. With over 30 years of experience in space industry leadership, Gingiss previously held key positions at Terran Orbital, Virgin Orbit, and Airbus OneWeb Satellites. He will lead Millennium's 1,000-employee team, overseeing programs including FOO Fighter, Missile Track Custody, and TRACERS.
The appointment aims to scale operations and drive business growth while maintaining current commitments. Gingiss, who holds degrees from Purdue University and MIT, will focus on expanding national security space missions and increasing small satellite production capacity to meet growing customer demands.
Boeing has elected Tim Buckley, former Chair and CEO of The Vanguard Group, to its Board of Directors effective January 1, 2025. Buckley, 55, will serve on the Finance and Governance & Public Policy committees. During his leadership at Vanguard, assets under management grew 80% to nearly $10 trillion. He brings 33 years of experience in various roles including Chief Investment Officer and Chief Information Officer. As the board's 12th member, Buckley becomes the tenth new director added since 2019, joining a diverse group with expertise in aerospace, safety, engineering, manufacturing, cyber, AI, software, risk oversight, audit, supply chain management, sustainability and finance.
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