ADVFN - Advanced Financial Network.
HOME» NYSE » B » BA Stock Price » BA Stock News

Boeing Share News

 Boeing Co. (the) Stock Price
BA Stock Price
 Boeing Co. (the) Stock Chart
BA Stock Chart
 Boeing Co. (the) Stock News
BA Stock News
 Boeing Co. (the) Company Information
BA Company Information
 Boeing Co. (the) Stock Trades
BA Stock Trades

Boeing Preps For Pentagon Cuts With Overseas Push

By Doug Cameron Of DOW JONES NEWSWIRES Boeing Co. (BA) said it was prepared for more steep Pentagon spending cuts, though it expects to maintain the profitability of its big military business by securing more overseas sales. The world's largest aerospace and defense company by sales also said some U.S. programs are being speeded up and others slowed amid continuing uncertainty over so-called sequestration, which could see the Pentagon budget cut by an additional $500 billion over the next 10 years. Jim McNerney, Boeing's chief executive, said at its annual investor meeting that he viewed the chances of sequestration as "low", though the company is taking a conservative planning approach as defense contractors struggle to define their future size and shape because of the uncertainty over the U.S. budget. Boeing executives have taken a more defensive stance than some rivals over the potential impact, with some companies not expecting sales or programs to be hit until next year. Dennis Muilenburg, head of Boeing's defense, space and security business, said at the investor event that there had been "some slowing, some accelerating" of arms and systems purchases by the Pentagon. Muilenburg said the moves varied between weapons' programs, though the army is suffering the biggest cut in resources under a revised U.S. defense strategy. Boeing, like rivals such as Lockheed Martin Corp. (LMT), is targeting more overseas sales and wants to lift the share of international business from its current level of around 25%. "Our sights are set on that 30% mark," said McNerney at the investor day. He said this was based on a defense business with annual sales of $32 billion to $33 billion, though the international portion could be pushed higher if the U.S. institutes even steeper spending cuts. -By Doug Cameron, Dow Jones Newswires; 312-750-4135; doug.cameron@dowjones.com

Stock News for Boeing (BA)
DateTimeHeadline
09/18/201400:20:31Boeing Sees Rising Demand for Pilots, Technicians in Asia Pacific
09/16/201409:44:34U.S. Hot Stocks: Hot Stocks to Watch
09/11/201412:05:13ThalesAleniaSpace Replacing U.S. Components on Russia-Bound Satellite
09/09/201421:30:18MH17 Broke Apart Midair
09/09/201410:26:48Malaysia Airlines Flight 17 Hit by High-Energy Objects, Report...
09/09/201407:08:12Malaysia Airlines Flight 17 Hit by High-Energy Objects, Report...
09/09/201405:30:06MH17 Hit by High Energy Objects, Says Dutch Report
09/09/201405:25:16Malaysia Airlines Flight 17 Hit by High-Energy Objects, Report...
09/09/201405:05:11Malaysia Airlines Flight 17 Hit by High Energy Objects, Says...
09/09/201402:09:40MARKET SNAPSHOT: U.S. Stocks End Mostly Lower; Yahoo Rallies
09/09/201402:03:09MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500 Dips Below 2,000
09/09/201401:51:34Ryanair to Buy up to 200 Jets from Boeing
09/09/201401:49:28MARKET SNAPSHOT: U.S. Stocks Open Lower; Deals In Focus
09/05/201413:10:09Bombardier to Resume New Jet Test Flights
08/26/201418:58:27Durable Goods Orders Surge 22.6% in July -- Update
08/26/201418:54:44MARKET SNAPSHOT: S&P 500 Ends Higher For First-ever Close Above...
08/26/201418:51:25MARKET SNAPSHOT: S&P 500 Gains, On Pace For First-ever Close...
08/26/201411:04:16MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Makes Another Run...
08/26/201409:11:49MARKET SNAPSHOT: U.S. Stocks: Futures Up But Trim Gains After...
08/26/201407:48:20MARKET SNAPSHOT: U.S. Stocks: Futures Rise Ahead Of Durables...

Boeing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad