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Tag: Boeing

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...
Boeing unveils UAV prototype for cargo, logistics use

Boeing unveils UAV prototype for cargo, logistics use

Business
Jan. 11 (UPI) -- Boeing has unveiled a new unmanned electric vertical-takeoff-and-landing, or eVTOL, cargo air vehicle prototype that it plans to use to test and evolve future autonomous technology."This flying cargo air vehicle represents another major step in our Boeing eVTOL strategy," Boeing Chief Technology Officer Greg Hyslop said in a company press release "We have an opportunity to really change air travel and transport, and we'll look back on this day as a major step in that journey."The eVTOL cargo air vehicle, announced on Wednesday, is designed to transport a payload up to 500 pounds, and will aid in future cargo and logistic applications, the company said.The transport is powered by an environmentally-friendly electric propulsion system and has eight counter rotating blades al...