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
04/17/201403:54:57Lack of Plane Debris Keeps Families Hoping
04/14/201422:24:38Spirit AeroSystems, Boeing Agree to Tentative Supply Deal
04/14/201420:03:26Search Crews Launch Bluefin as Hunt Enters New Phase
04/11/201419:16:35NTSB Renews Call for MD-11 Jet Safety
04/06/201423:36:24U.K. Ship to Investigate Signals in Flight 370 Search
04/04/201407:39:13Airbus Orders Hurt by Cancellations
04/03/201417:59:36Sources: Boeing Considers Bid for Mercury Systems -Reuters
04/03/201417:14:36Delta Seeks Offers from Boeing and Airbus for New Jets
04/02/201422:50:17Boeing to Lay Off Up to 300 Workers at Australian Plant
04/02/201421:50:34Boeing Expands Airbus Rivalry to Tanker Market
04/02/201418:08:16Boeing to Cut 300 Jobs in Australia -Report
04/02/201408:08:35U.K. Submarine Joins Search for Malaysia Airlines Flight 370...
04/02/201407:22:34LOT Polish Airlines Swings to Net Profit, Says Boeing 787 Helps
04/02/201402:30:05U.K. Submarine Joins Search for Missing Plane
04/02/201402:18:09U.K. Submarine Joins Search for Malaysia Airlines Flight 370
03/31/201417:55:34Judge Dismisses Legal Action Related to Missing Malaysian Jet...
03/27/201402:20:07ANA Makes Big Order for Airbus, Boeing Planes
03/26/201415:35:23Efforts to Cut F-35 Costs Hinge on Foreign Partners
03/26/201413:52:53GE to Break Ground on Jet Engine Plant in Indiana This Year
03/26/201413:51:55GE to Break Ground on $100 Million Jet Engine Plant in Indiana...

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