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.
Boeing (BA) remains a cornerstone of global aerospace innovation, driving advancements in commercial aviation, defense systems, and space exploration. This dedicated news hub provides investors and industry observers with direct access to Boeing's official communications and market-moving developments.
Track critical updates including quarterly earnings disclosures, major defense contract awards, commercial aircraft certifications, and strategic partnership announcements. Our curated collection ensures timely access to Boeing's regulatory filings, product launch details, and leadership changes that impact global aerospace markets.
The repository features comprehensive coverage of BA's three core operational areas: Commercial Airplane deliveries and safety enhancements, Defense & Space program milestones, and Global Services expansion initiatives. Each update is categorized for efficient navigation, enabling quick analysis of developments affecting specific business segments.
For consistent monitoring of BA's market position, bookmark this page for real-time access to Boeing's latest financial disclosures, technological breakthroughs, and regulatory compliance announcements. Stay informed about the company's responses to industry challenges and emerging opportunities in aerospace innovation.
Boeing [NYSE: BA] has announced concurrent public offerings of 90 million shares of common stock and $5 billion of depositary shares. Each depositary share represents a 1/20th interest in Series A Mandatory Convertible Preferred Stock. The company will grant underwriters a 30-day option for additional 13.5 million common shares and $750 million depositary shares. Proceeds will be used for general corporate purposes, including debt repayment, working capital, and investments. The preferred stock will automatically convert into common stock by October 15, 2027, with a liquidation preference of $1,000 per share. Boeing plans to list the depositary shares on NYSE under 'BA.PRA'.
Millennium Space Systems, a Boeing company, has been awarded a contract by the U.S. Space Force Space Systems Command for an additional plane of six Missile Track Custody (MTC) satellites. This brings their total contract to two planes, comprising 12 MTC satellites, along with ground systems and mission operations. The Boeing-provided electro-optical infrared payload features advanced sensor technology for high-resolution tracking from MEO, with enhanced onboard processing for faster threat detection and response. The company has also completed the ground system's critical design review, implementing an automated mission operations approach.
Boeing [BA] reported challenging Q3 2024 results with revenue of $17.8 billion, down 1% year-over-year. The company posted a significant GAAP loss per share of ($9.97) and core loss per share of ($10.44), primarily due to IAM work stoppage and charges on commercial and defense programs. Operating cash flow was negative at ($1.3) billion with free cash flow of ($2.0) billion. Total company backlog remained strong at $511 billion, including over 5,400 commercial airplanes. Commercial Airplanes delivered 116 aircraft and booked 49 net orders, while Defense, Space & Security faced challenges with significant charges on multiple programs.
Boeing [NYSE: BA] and Emirates SkyCargo have announced an order for five more 777 Freighters, bringing Emirates' total order book to 249 Boeing widebody airplanes, including 14 777 Freighters. This expansion will nearly double Emirates SkyCargo's current fleet of 11 freighters to 21 in the coming years.
The 777 Freighter can fly 9,200 kilometers and carry 102 tonnes of freight, making it the most capable twin-engine cargo jet. This order reflects Dubai's growing prominence as a global logistics hub and the increasing demand for Emirates' air cargo services.
Boeing's Commercial Market Outlook forecasts an additional 2,845 freighters will enter service over the next 20 years to support growing global trade and e-commerce demand. The 777 Freighter is Boeing's best-selling freighter, with 275 delivered to date.
Boeing [NYSE: BA] CEO Kelly Ortberg announced significant changes to address the company's challenging position. Key points include:
- Delay of 777X program, with first delivery now expected in 2026
- Conclusion of 767 Freighter commercial production in 2027
- Substantial new losses expected in Boeing Defense, Space & Security (BDS) division
- Workforce reduction of approximately 10% across all levels
- Cancellation of next furlough cycle
Ortberg emphasized the need for structural changes to ensure competitiveness and customer delivery. The company will focus on core areas, reallocating resources to improve performance and innovation. These decisions aim to reset Boeing's workforce levels and align with financial realities and priorities.
Boeing [NYSE: BA] announced preliminary Q3 2024 results, expecting revenue of $17.8 billion, a GAAP loss per share of ($9.97), and operating cash flow of ($1.3) billion. The company faces significant challenges, including:
1. Commercial Airplanes: $3.0 billion pre-tax charges on 777X and 767 programs. 777-9 delivery delayed to 2026, 777-8 freighter to 2028. 767 freighter production to conclude.
2. Defense, Space & Security: $2.0 billion pre-tax charges on T-7A, KC-46A, Commercial Crew, and MQ-25 programs.
These impacts are due to certification delays, IAM work stoppage, and higher estimated costs. Boeing emphasizes the need for strategic decisions and structural changes to remain competitive long-term.
Boeing [NYSE: BA] has released its third-quarter delivery report for 2024, covering both commercial and defense operations. Commercial Airplanes delivered a total of 116 aircraft, including 92 737s, 6 767s, 4 777s, and 14 787s. Year-to-date commercial deliveries reached 291 units.
In the Defense, Space & Security segment, notable deliveries included 18 AH-64 Apache helicopters (7 new, 11 remanufactured), 2 renewed CH-47 Chinooks, 3 F-15 models, 1 F/A-18 model, 5 KC-46 Tankers, 3 MH-139s, 1 P-8 model, and 1 T-7A. Total defense deliveries for the quarter were 34 units, bringing the year-to-date figure to 76.
Boeing will provide detailed third-quarter financial results on October 23, 2024.
Millennium Space Systems, a Boeing company, has rapidly completed the preliminary design review (PDR) for the Fire-control On Orbit-support-to-the-war Fighter (FOO Fighter) project, just four months after receiving authorization. The company is contracted to deliver a constellation of eight satellites with a ground system and perform mission operations. FOO Fighter aims to demonstrate advanced missile defense capability by incorporating fire control-quality sensors into a prototype constellation.
Michelle Parker, vice president of Boeing Space Mission Systems, emphasized the project's focus on meeting warfighter needs and the significance of completing the PDR quickly. Doug Hulse, portfolio lead at Millennium Space Systems, noted that the company's common bus architecture allowed them to concentrate on the critical mission aspects during the PDR. The company is now working towards the critical design review, scheduled for early 2025.
Boeing [NYSE: BA] has announced it will release its financial results for the third quarter of 2024 on Wednesday, October 23. President and CEO Kelly Ortberg and Executive VP and CFO Brian West will discuss the results and company outlook during a conference call at 10:30 a.m. ET on the same day.
The event will be accessible via webcast on Boeing's investor relations website, where the news release and presentation materials will be posted before the event. Interested parties can also dial in using the provided U.S. and international phone numbers. Participants are advised to check the webcast site beforehand to ensure they can access the audio stream and slide presentation.
Boeing [NYSE: BA] has successfully completed the first flight of the UK's E-7 Wedgetail for the Royal Air Force (RAF). The flight, conducted from Birmingham Airport, marks a significant milestone in the programme's test and evaluation phase. The aircraft is one of three 737 NG aircraft being modified in Birmingham by a team of over 100 people at STS Aviation Services.
The E-7 Wedgetail is a combat-proven aircraft that provides critical multi-domain awareness and command-and-control decision advantage. It can detect and track multiple airborne and maritime threats simultaneously with 360-degree coverage. The future UK E-7 fleet will operate from RAF Lossiemouth in Scotland, contributing to the UK's national security and regional stability.
This milestone represents a collaborative effort between the RAF, DE&S, Boeing, and STS Aviation. The aircraft will undergo further testing and evaluation before receiving its RAF livery later this autumn.
FAQ
What is the current stock price of Boeing (BA)?
What is the market cap of Boeing (BA)?
