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
05/25/201511:49:43Boeing Helps Export-Import Bank Fight for Survival
05/25/201509:13:02Sikorsky Is for Sale -- but Can Anyone Afford It?
05/24/201512:13:02Set Phasers to Stun: U.S. Army Channels Star Trek for Future...
05/24/201510:32:03The U.S. Navy Spent $744 Million to Build a Robotic Fighter Jet...
05/24/201509:13:03Boeing Unveils Amazing, Slightly Terrifying New Electromagnetic...
05/23/201513:13:02U.S. Air Force Prepares to Send SpaceX Stock Into Orbit
05/23/201509:13:02Boeing's Most Dangerous Missile Just Got Twice as Dangerous
05/22/201515:07:28Hewlett-Packard Company Earnings: A Solid Quarter as Separation...
05/21/201513:00:20Fast-Track Trade Bill Survives Key Senate Vote
05/20/201519:08:02787 Dreamliner and Cash Flow Could Make Boeing Investors Happy...
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201519:50:10United Technologies Talking to Possible Buyers for Sikorsky
05/19/201519:38:24United Technologies Talking to Possible Buyers for Sikorsky...
05/19/201518:00:03Apple Inc's Latest Acquisition Could Hurt Google Inc.
05/19/201509:11:06Airbus Launches Corporate Jet Versions of A320neo, A319neo Planes...
05/18/201521:09:03The 30 Dow Jones Stocks
05/18/201517:41:00Boeing Business Jets Unveils Split Scimitar Winglets for BBJ...
05/18/201516:13:00Boeing Business Jets Announces Two Airplane Orders
05/18/201514:07:01Why Is Southwest Airlines Offering to Pay Boeing an Extra Half-Billion...
05/18/201509:29:11Satellite Operators Face Launch Plan Delays After Kazakhstan...

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