Analyst Research Report Snapshot

Title:

BOEING - ANOTHER STRONG QUARTER

Price:

$10.00

Provider:

Edison Investment Research

Date:

29 Jul 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

BA.N

Available for Immediate Download
Summary:

Boeing delivered another strong Q2 performance driven largely by the increased activity in Commercial Airplanes and an improved operational performance in Defence. With a record combined backlog of $410bn, the key is delivery of the ramp-up of 787 to a stable 10/month, getting down the learning curve and driving the group’s “partnering for success” programme in the supply chain to improve productivity and reduce costs. While defence remains uncertain in the US, confidence in international markets has allowed full-year revenue guidance to be increased, along with core EPS to $6.20-$6.40, while the group bought back $1bn of shares.

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