Alwyn's Feed
Jul 24, 2015

Insight – Boeing looks at pricey titanium in bid to stem 787 losses

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research), which loses about $30 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium.

The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminium, and accounts for about $17 million of the cost of the $260 million plane, according to industry sources.

Jul 24, 2015

Boeing looks at pricey titanium in bid to stem 787 losses

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), which loses about $30 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium.

The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminum, and accounts for about $17 million of the cost of the $260 million plane, according to industry sources.

Jul 22, 2015

Boeing charge, deadline leave little margin for tanker error

NEW YORK (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it is pressing ahead with building aerial refueling tankers while conducting flight tests, raising concerns about costs that may arise as Boeing races to deliver the planes on a tight deadline.

The world’s biggest aircraft maker recently found problems with the fuel system of the KC-46 Pegasus tanker. Final go-ahead from the U.S. Air Force may not happen until April, leaving just 16 months before it must deliver the first 18 tankers, by August 2017.

Jul 22, 2015

Boeing profit beats estimates as plane deliveries surge

NEW YORK/BANGALORE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) topped earnings estimates and doubled its closely watched quarterly cash flow, partly offsetting a big charge for its aerial tanker program, sending its shares higher.

The world’s largest plane maker on Wednesday reported $2.6 billion in free cash flow in the second quarter, reversing an outflow in the first quarter that had worried investors, freeing up cash for Boeing to spend $2 billion buying back its own shares.

Jul 16, 2015

Zodiac Aero factory blast shows risks in supply chain

July 16 (Reuters) – Zodiac Aerospace said it is
considering moving machinery from a U.S. factory crippled by a
powerful explosion on Tuesday so that it can continue making
aircraft interior composite panels needed by the booming
aviation industry.

Zodiac has “buffer inventory” of the materials that it can
use in the short term, a spokesman told Reuters on Thursday.

Jul 15, 2015

Blast closes U.S. Zodiac Aero plant; Boeing, Airbus assess impact

July 15 (Reuters) – A powerful blast at a Zodiac Aerospace
factory in Washington state made some portions of the building
unsafe to enter, raising concerns that the assembly of Boeing
and Airbus aircraft could be affected.

Boeing and Airbus said on Wednesday they were assessing the
potential impact of the factory closure on their operations,
since it supplies materials used in aircraft interiors.

Jul 14, 2015

Iran deal could unleash big pent-up commercial aircraft demand

NEW YORK/BERLIN (Reuters) – Airplane sales to Iran were cleared for take off after Tehran signed a nuclear agreement with six major powers on Tuesday, opening a potentially significant opportunity for Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) after decades of isolation.

The agreement would lift all economic commercial sanctions including those relating to commercial aviation.

Jul 1, 2015

Boeing raises jetliner list prices by 2.9 percent

SEATTLE, July 1 (Reuters) – Boeing Co raised list
prices for its jetliners by 2.9 percent on Wednesday, citing a
range of costs that go into making the planes.

The price of the company’s forthcoming 777X, due for
delivery by 2020, rose to $400 million in Boeing’s new price
list, posted on its website on Wednesday. That compared with
$379 million for the larger 747-8, which has struggled to
attract orders.

Jun 24, 2015

Boeing plans to further slow 747 jet production in 2016

June 24 (Reuters) – Boeing Co said on Wednesday it
would slow production of its 747-8 jumbo jet to one per month
from March in an effort to keep the production line running amid
sluggish demand for the iconic, humped-top plane.

The plane maker is currently building 747s at a rate of 1.5
a month, and had already announced plans to reduce the rate to
1.3 a month from September.

Jun 24, 2015

Boeing picks Muilenburg to succeed CEO McNerney, signals stability

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) said Tuesday that President Dennis Muilenburg will take over as chief executive officer July 1, a transition that comes as the aerospace giant tries to keep pace with an historic boom in the commercial jet market and build its defense business amid tight military budgets.

Muilenburg, 51, will succeed 65-year-old Jim McNerney, who picked Muilenburg as heir apparent in 2013.