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Tag: Boeing

Rolls-Royce and Boeing invest in UK space engine

Rolls-Royce and Boeing invest in UK space engine

Science
Reaction Engines Limited (REL), the UK company developing a revolutionary aerospace engine, has announced investments from both Boeing and Rolls-Royce. REL, based at Culham in Oxfordshire, is working on a propulsion system that is part jet engine, part rocket engine. The company believes it will transform the space launch market and usher in hypersonic travel around the Earth. The new investments amount to £26.5m. Included in this sum are contributions from Baillie Gifford Asset Management and Woodford Investment Management. It lifts the total capital raised in the past three years to about £100m. The British government has already put in £60m. BAE Systems initially injected £20m in 2015 and has invested new funds in this latest financial round. "Rolls-Royce and Boeing - these are really b
Boeing to advance design process for new Air Force One

Boeing to advance design process for new Air Force One

Business
April 11 (UPI) -- Boeing was awarded a contract from the U.S. Air Force to advance design services on VC-25B, the next version of Air Force One.The deal, announced Tuesday by the Department of Defense, is valued at more than $ 24 million under the terms of a firm-fixed-price contract, which is a modification to a previous award.The agreement enables Boeing to advance the preliminary designs on the new Boeing VC-25B aircraft, a military version of the Boeing 747 airliner used to transport the U.S. president and other government officials -- and referred to as Air Force One when carrying the president.Boeing and President Donald Trumpin February finalized an informal deal for two new Air Force One aircraft in February, with the total final cost for both aircraft estimated at $ 3.9 billion.Th...
Boeing to produce Super Hornets, Growlers for Navy

Boeing to produce Super Hornets, Growlers for Navy

Business
April 6 (UPI) -- Boeing was awarded a contract from the U.S. Navy for services in support of F/A-18E Super Hornets and the EA-18G Growler.The deal, announced Thursday by the Department of Defense, is valued at more than $ 54.3 million under the terms of a modified fixed-price-incentive-firm contract that was previously awarded.The agreement enables Boeing to manufacture and produce 38 F/A-18E Super Hornets and 21 EA-18G Growlers aircraft for the Navy.Work on the contract will occur in various location across the United States.The Defense Department said that it would be using expired funds to fund the contract deal, which is allowed under Pentagon financial management regulation.The expired funds will be allocated and obligated to Boeing from Navy fiscal 2013 and 2014 aircraft procurement ...
Boeing tapped for F-15 radar upgrades

Boeing tapped for F-15 radar upgrades

Business
March 30 (UPI) -- The U.S. Air Force has awarded a contract to Boeing for the company's work on radar upgrades to F-15 aircraft.The $ 187.3 million contract modification centers on the Air Force's F-15 Radar Modernization Program.The contract includes work on group A and group B kits, Group B radar spares,22 conformal fuel tanks and other equipment and services, according to the Department of Defense.Boeing will conduct work on the contract in St. Louis, Mo., and is expected to finish by April 30, 2022.The Defense Department obligated fiscal 2017 and 2018 procurement funds, fiscal 2017 Congressional-add funding and Defense Working Capital funds, though the amount of the obligation was not announced.Let's block ads! (Why?) Business News - UPI.com
Boeing Q4 Earnings: Stock Price Soars On Bullish 2018 Outlook

Boeing Q4 Earnings: Stock Price Soars On Bullish 2018 Outlook

Finance
Shutterstock photoThe stellar earnings, this time around, proves that the slump that plagued Boeing ( BA ) through most of FY 2016 and FY 2017 has finally reversed. The company posted an adjusted EPS of about $ 4.80 buoyed by the tax cut, representing a near 94% increase year over year. Additionally, the airplane manufacturer managed to post revenues to tune of $ 25.37 billion, up by almost 9% year over year. Revenues were spurred on by a significant improvement in commercial and defense revenues. As of writing this article, Boeing's stock price is up close to 5%.The graphs below were made using Trefis Dashboards.Additionally, the company has gone on to give a very bullish outlook for 2018. For the full year, it expects earnings to rise to the range of $ 13.80-$ 14, while r...