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

EARNINGS PREVIEW: U.S. Defense Companies Still Clouded By Uncertainty

By Tess Stynes TAKING THE PULSE: The outlook for U.S. defense contractors in the second quarter remained clouded by uncertainty about future Pentagon budget cuts. Some companies have begun to speak openly about how they may have to close plants and lay off employees if lawmakers can't reach a budget deal to prevent steep across-the-board cuts set for next year. Investors are looking for incremental updates on new programs and continuing shifts in spending as well as how firms are faring in boosting international sales. U.S. contractors likely will see increasing competition on that front as major European defense firms also have vowed to step up efforts to reduce their dependence on their home turf. COMPANIES TO WATCH: Lockheed Martin Corp. (LMT) - reports July 24 Wall Street Expectations: Analysts forecast a profit of $1.91 share on $11.29 billion in revenue, compared with earnings of $2.14 a share, including net charges of 33 cents, and revenue of $11.55 billion a year earlier. Key Issues: Lockheed Martin is viewed in the sector as one of the most vulnerable to U.S. defense-spending cuts because of its role in large projects, such as the Joint Strike Fighter. Lockheed recently said it would cut 740 positions in its mission systems and sensors unit. The company's backlogs, which pulled back in the first quarter after a big quarter at the end of last year, may be a focus, particularly in its information-systems and global solutions segment as well as its electronics-systems business, which have shorter business cycles than its aeronautics and space-systems divisions. General Dynamics Corp. (GD) - reports July 25 Wall Street Expectations: Analysts forecast a profit of $1.74 a share on $7.94 billion in revenue, compared with earnings from continuing operations of $1.79 a share and revenue of $7.88 billion a year earlier. Key Issues: General Dynamics is most exposed of the big contractors to U.S. pullbacks from Iraq and Afghanistan, countered in part by the positive outlook for the Navy in the latest Pentagon strategic review. Like many defense companies, General Dynamics has been diversifying its businesses to help cope with weak domestic defense spending. The market likely will be looking to learn more about bookings for the company's Gulfstream jets and how anticipated declines in Army budgets and more competition in services will affect its combat-systems segment and its information systems and technology unit. Boeing Co. (BA) - reports July 25 Wall Street Expectations: Analysts forecast a profit of $1.10 a share on $19.36 billion in revenue, compared with earnings of $1.25 a share and revenue of $16.54 billion a year earlier. Key Issues: Boeing's ability to execute on its bulging commercial aircraft order book has been the primary concern among investors, and the company still has significant milestones to meet in boosting 787 output and launching its new 737 Max. The defense unit has expanded international sales, though investors likely will be watching for any word of further cost cuts in Boeing's defense arm as the industry deals with weak U.S. budgets. Early this year, Boeing said it planned to close its Wichita, Kan., defense plant, where the company upgrades military jets and maintains Air Force One. Investors also will look for progress in developing the new aerial-tanker contract for the U.S. Air Force after Boeing won a fierce contest for a contract that has left some wondering about its long-term profitability. The fate of its C-17 military cargo plane also may be decided this year and depends on Boeing's ability to win emerging-market orders for the aircraft. The company's commercial segment has been in the spotlight lately amid strong jet orders and a shift in leadership. Northrop Grumman Corp. (NOC) - reports July 25 Wall Street Expectations: Analysts forecast a profit of $1.60 a share on $6.19 billion in revenue, compared with earnings of $1.81 a share and revenue of $6.56 billion a year earlier. Key Issues: The defense contractor, which builds pilotless aircraft such as the Global Hawk and is a provider of cybersecurity and logistics services, has been streamlining operations for the past several years to cope with anticipated changes in the industry landscape, such as the spinoff of its naval shipbuilding business in March 2011 and a number of bolt-on acquisitions. Investors likely will be watching for any details about plans for its Global Hawk platforms and other unmanned programs as well as the impact on revenue as some current wars slow down. Margins may be in focus again, especially in the electronics-systems segment--where they were unusually high in the first quarter. Raytheon Co. (RTN) - reports July 26 Wall Street Expectations: Analysts forecast a profit of $1.22 a share on $6.04 billion in revenue, compared with earnings of $1.23 a share, or $1.39 excluding unfavorable pension-related adjustments, on revenue of $6.22 billion a year earlier. Key Issues: The company, known as the maker of Patriot missiles, is also considered among the most resilient to Pentagon budget cuts thanks to a diversified business base and limited reliance on big-ticket projects. During the first quarter, Raytheon booked $5.2 billion in orders, little changed from a year earlier, though its backlog slipped to $34.3 billion, down $1 billion from the end of last year. The company is waiting to see how it fares in the missile-defense competition in Turkey against proposals from Russia, Europe and China. Other key prospects include potential Patriot orders for Kuwait and ground-based air-defense systems for Oman. (The Thomson Reuters financial estimates and year-earlier figures may not be comparable due to one-time items and other adjustments.) Write to Tess Stynes at tess.stynes@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