Boeing Stock Price, News & Analysis

Boeing Executive Vice President and CFO, Greg Smith, will present at the Jefferies Virtual Industrials Conference on August 5 at 10:55 a.m. ET. This engagement highlights Boeing's commitment to transparency and communication with investors. A live broadcast of the conference can be accessed through the provided link. Attendees are encouraged to check the website for audio stream accessibility prior to the session.

For inquiries, Boeing's Investor Relations can be contacted at 312-544-2140, and media inquiries can be directed to media@boeing.com.

Boeing (BA) reported Q2 2020 results, revealing significant impacts from COVID-19 and the 737 MAX grounding. Revenue dropped 25% to $11.8 billion, with a GAAP loss per share of ($4.20) and a core loss per share of ($4.79). Operating cash flow was negative at ($5.3 billion), and debt surged to $61.4 billion. Despite these challenges, total backlog stood at $409 billion and the company resumed early production of the 737. Boeing's leadership emphasized their commitment to navigating these unprecedented market conditions.

Boeing has appointed Charles S. “Duff” Sullivan as Managing Director of Boeing Canada, effective August 4, aiming to enhance company-to-country relationships and pursue new business opportunities.

With a distinguished 40-year career in aviation and military service, Sullivan succeeds Bob Cantwell, who moves to a new role in policy and strategy integration. Boeing, celebrating over a century of partnership with Canada, currently employs approximately 1,600 skilled workers and relies on more than 500 Canadian suppliers across the country.

Boeing (NYSE: BA) released its 2020 Global Environment report, demonstrating its commitment to sustainability. The company aims to achieve significant reductions in emissions, waste, and water and energy consumption by 2025. Key achievements include developing products that are 15%-25% more efficient, securing renewable energy, and reducing waste sent to landfills. Boeing continues to lead in fuel efficiency and innovation to tackle climate change.

The Boeing Company (NYSE: BA) reported its second-quarter deliveries for 2020, highlighting substantial impacts from the COVID-19 pandemic. Commercial airplane deliveries totaled 20 for the quarter, significantly affected by production shutdowns. Key deliveries included 4 Boeing 737s and 7 787s. In defense, deliveries comprised 9 AH-64 Apache helicopters and 6 CH-47 Chinooks. Boeing is engaged with customers to adjust delivery schedules and remains focused on monitoring market demands to stabilize operations.

The Boeing Company (NYSE: BA) is set to announce its financial results for Q2 2020 on July 29, 2020. CEO David Calhoun and CFO Greg Smith will provide insights during a conference call at 10:30 a.m. ET. Investors can access the call via a webcast or by phone. Preparations should be made ahead of time to ensure compatibility with the audio stream. Relevant materials will be available on Boeing's investor relations website prior to the event.

Boeing (NYSE: BA) has completed its 12^th COVID-19 transport mission, delivering 500,000 protective face masks to Utah for students and teachers. This initiative, in collaboration with several partners including Atlas Air and Cotopaxi, aims to support the state's 'A Mask for Every Utahn' initiative. Boeing has now transported over four million PPE units since the pandemic began, demonstrating its commitment to public health.

Boeing has appointed Michael D'Ambrose as the new executive vice president of Human Resources, effective July 6, 2020. He succeeds Wendy Livingston, who was interim head since April. D'Ambrose joins Boeing from ADM, where he served as chief human resources officer, leading HR modernization and enterprise transformation. His responsibilities at Boeing will include talent planning, employee relations, and diversity initiatives, reporting directly to CEO David Calhoun. Boeing continues its commitment to enhancing its workforce amidst ongoing industry challenges.