Boeing Stock Price, News & Analysis

Boeing [NYSE: BA] has announced a $500,000 donation to support COVID-19 relief efforts in Indonesia, facilitated through CARE. This funding will enhance local health facilities and provide essential equipment such as negative pressure tents and PPE for healthcare workers. Boeing will also match employee donations as part of its Gift Match program. The donation aims to address the urgent health crisis, as less than 11% of the population is fully vaccinated. Boeing's commitment to Indonesia spans over 70 years and includes over $2.8 million contributed in the past decade.

The Boeing Company has announced a €500,000 donation to the American Red Cross for flood relief efforts in Germany. The funds will provide emergency power, supplies, and medical assistance to impacted communities. Boeing's commitment comes amidst severe flooding that has resulted in substantial loss of life and property damage. The company, which supports 23,000 jobs in Germany, emphasizes its responsibility to aid partners in need. All Boeing facilities in Germany are operating normally, and the company continues to engage with its employees in the region.

Boeing reported Q2 2021 revenue of $17.0 billion, a 44% increase from last year, with GAAP earnings per share of $1.00 and core EPS of $0.40. The backlog for commercial airplanes rose to $285 billion with 180 net orders. Although operating cash flow was negative at ($0.5) billion, it showed significant improvement from ($5.3) billion in Q2 2020. Boeing continues its recovery efforts, monitoring global conditions, and plans to increase production of the 737 MAX to meet demand. The company also released its first integrated Sustainability Report.

Boeing (NYSE: BA) has announced a partnership with SkyNRG and SkyNRG Americas to enhance the global availability of sustainable aviation fuels (SAF). Boeing will invest in a SAF production project in North America, which includes an agreement to purchase SAF for its flight tests. This partnership aims to accelerate SAF development, promote sustainability in aviation, and reduce carbon emissions. Boeing has been a leader in SAF initiatives since 2008, committing that its commercial airplanes will be ready to fly on 100% SAF by 2030.

Boeing Company (NYSE: BA) reported major program deliveries for Q2 2021, emphasizing advancements in its commercial and defense sectors. The company is focused on a stable recovery from the pandemic, notably increasing the pace of 737 deliveries. However, production of the 787 will be temporarily reduced due to additional rework required, with fewer than half of the undelivered 787s expected to be delivered this year. Total deliveries included 79 commercial airplanes and various defense units, showcasing a commitment to safety and quality.

The Boeing Company [NYSE: BA] is set to announce its financial results for the second quarter of 2021 on July 28, 2021. The announcement will be followed by a conference call featuring President and CEO David Calhoun and Interim CFO Dave Dohnalek at 10:30 a.m. ET.

Investors can join the call via a webcast or by phone, with details provided in the announcement. The financial results and presentation materials will be available on Boeing's investor relations website prior to the event.

The Boeing Company [NYSE: BA] announced the appointment of Brian West as the new executive vice president and chief financial officer, effective August 27, 2021. West will oversee Boeing's financial strategy, reporting, and business transformation efforts, reporting directly to President and CEO David Calhoun. His extensive background in financial management across various industries includes roles at Refinitiv and GE Aviation. West takes over from Greg Smith, who is retiring. Dave Dohnalek will serve as interim CFO until West's arrival.

Boeing (NYSE: BA) has appointed Lieutenant General Stayce D. Harris to its board of directors, where she will serve on the Aerospace Safety and Audit committees. Harris is a retired U.S. Air Force Lieutenant General with a distinguished career and experience as a Boeing 747 pilot. She has logged over 10,000 flight hours and is noted for being the first African American woman to command several Air Force operational units. Boeing's leadership anticipates her extensive aviation and military experience will enhance board discussions on safety and integrity.