Boeing's business delivered a total 62 airplanes during the third quarter. The expansion was "primarily driven" by Boeing's acquisition of KLX Aerospace Solution, the company said, as well as a higher volume of government servicing.Boeing's defense and space business saw quarterly revenue climb 2% year-over-year, logging $7 billion in the third-quarter compared to $6.9 billion for the same period last year.
Jul 8, 2020 Boeing to Release Second-Quarter Results on July 29. Boeing took a $4.9 billion after-tax charge in the previous quarter for funds to compensate airlines for the FAA's grounding of the 737 Max planes in service.Data is a real-time snapshot *Data is delayed at least 15 minutes. Stationary energy-storage systems help smooth out electric-grid peaks and valleys and make the grid more reliable. The stock has been engaged in a steep decline since March 2019. Carriers have lost hundreds of millions of dollars in revenue and repeatedly pushed back when they expect the planes to return to their schedules. Compare to Others All Fundamentals. Canaccord kept its hold rating on the stock with a $380 price target, and also trimmed third-quarter profit estimates, to $2.05 a share.The analysts surveyed by FactSet on average rate Boeing stock a buy with a price target of $412.05, an upside around 24%.Boeing earlier this month reported third-quarter deliveries that were “light “ on deliveries of the wide-body 787 Dreamliner, which led analysts at Goldman Sachs to conjecture that Boeing could be reallocating resources to the 737 Max and impacting the 787 delivery schedule.In addition, concerns about Boeing’s next plane, the 777X, passenger traffic, its defense and space business, and the overall health of its commercial cycle have increased, Ken Herbert at Canaccord said in a note this week.Boeing last week moved to strip Chief Executive Dennis Muilenburg of his board chairmanship, only hours after air-safety experts criticized the company and the Federal Aviation Administration’s role in the two crashes.Boeing is scheduled to report third-quarter earnings on Wednesday before the bell, with the latest about the 737 Max and its anticipated return to the skies firmly in focus. Jun 18, 2020 Boeing Names D'Ambrose as Human … Slightly volatile.
Airlines have to train thousands of pilots, remove jets from storage, and install the new software, among other steps, which could take a month or more.Shares of Boeing, which rose as much as 4.1% in the morning, closed trading up 1% at $340.50 a share.Boeing's commercial airplane unit brought in $8.3 billion in revenue for the third quarter. Boeing revenue breakdown by business segment: 23.9% from Global Services, 34.0% from Defense, Space & Security, 41.8% from Commercial Airplanes and 0.3% from Other.
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