Boeing Stock Price, News & Analysis

Boeing (BA) reported Q4 2020 revenue of $15.3 billion, down 15% year-over-year, and a GAAP loss per share of ($14.65), influenced by COVID-19 and 737 MAX grounding. The full-year revenue was $58.2 billion, reflecting a 24% decline, with a core loss per share of ($23.25). The fourth quarter included a $6.5 billion pre-tax charge on the 777X program. Operating cash flow was ($4.0 billion) and total backlog stood at $363 billion. Despite ongoing market challenges, Boeing plans to deliver the 777X by late 2023 and continues to adapt its operations amid the pandemic impact.

On January 25, 2021, Sikorsky and Boeing introduced the DEFIANT X helicopter for the U.S. Army's Future Long-Range Assault Aircraft competition. Engineered to be the fastest and most maneuverable assault helicopter, DEFIANT X aims to transform military air operations. It boasts double the range and speed of the Black Hawk helicopter, enhancing survivability with advanced X2 Technology. The Army's request for proposal is anticipated later this year, with contracts expected in 2022. This collaboration highlights their extensive experience, having developed 90% of the U.S. Army’s military rotorcraft.

Boeing (NYSE: BA) aims to lead sustainability in aviation by ensuring its commercial airplanes can fly on 100% sustainable aviation fuels by 2030. This initiative comes as a response to the climate change crisis, with sustainable fuels promising up to 80% reduction in CO₂ emissions. Boeing has conducted successful test flights using these fuels and is committed to working with various stakeholders to increase blending limits. The company's long history in biofuels has positioned it as a pioneer in this area, further emphasizing its commitment to sustainability.

The Boeing Company (NYSE: BA) announced the election of Lynne Doughtie to its board of directors, replacing Caroline Kennedy, who resigned after three years of service. Doughtie, 58, previously served as U.S. Chairman and CEO of KPMG, bringing extensive leadership and risk management expertise to Boeing's board. Her appointment is expected to strengthen the board's oversight capabilities. Doughtie's leadership background and recognition in the industry highlight her potential impact on Boeing's strategic direction.

The Boeing Company (NYSE: BA) reported significant program deliveries for Q4 2020 amid the global pandemic. Key highlights include the resumption of 737 MAX deliveries and comprehensive inspections of 787 airplanes to ensure quality. In total, Boeing delivered 59 commercial airplanes in Q4 and 157 for the year, with deliveries across the 737, 747, 767, 777, and 787 models. Defense operations also saw deliveries including 1 new AH-64 Apache and 6 F/A-18 models. Boeing emphasized its commitment to safety, quality, and adapting to market demands while planning for a transformative 2021.

The Boeing Company (NYSE: BA) will announce its fourth quarter 2020 financial results on January 27, 2021. President and CEO David Calhoun and CFO Greg Smith will discuss the results and outlook in a conference call at 10:30 a.m. ET. The call will be available via webcast and phone, with access details provided. Investors can find the news release and presentation materials on Boeing's investor website prior to the event.

BAE Systems has secured a five-year, $66.6 million contract from the U.S. Air Force to provide Diminishing Manufacturing Sources and Material Shortages (DMSMS) support. This contract, awarded to the 429th Supply Chain Management Squadron at Tinker Air Force Base, will utilize BAE's Advanced Component Obsolescence Management (AVCOM) suite to enhance mission capability while managing lifecycle impacts. The contract, the largest to date, marks the 10th consecutive award since 1991. Work will occur at multiple Air Force bases and BAE facilities across Florida, Georgia, and Utah.

BAE Systems secured a $4 million contract from the U.S. Navy for a rapid demonstration of a new radio frequency countermeasure (RFCM) system designed for the P-8A Poseidon aircraft. This lightweight, high-power system enhances self-protection capabilities and will be developed within five to six months, significantly quicker than the typical 18 to 24 months. The innovative design process, facilitated by focused teams, allows for swift integration and testing, commencing in early 2021 at the Nashua, New Hampshire facility.

On January 1, 2021, Qatar Airways Cargo received three Boeing 777 Freighters, bringing its fleet to 24 of this model and marking the 200th delivery in total. Amid the COVID-19 pandemic, air freight is essential for transporting vaccines and is projected to grow over 4% in the next two decades. The 777 Freighter can carry 224,900 pounds and fly 4,970 nautical miles, offering significant operational savings. Boeing has sold 242 units since 2005, maintaining over 90% of global dedicated freighter capacity.