Not exact matches
May 1 - Plane maker
Boeing Co said on Tuesday it would buy aerospace parts
company KLX Inc for about $ 3.2 billion in cash to expand its
aircraft services business.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business
aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain
aircraft; 6) the effect on
aircraft demand and build rates of changing customer preferences for business
aircraft, including the effect of global economic conditions on the business
aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with
Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers,
Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on
Boeing's and Airbus» production of
aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the
Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In the midst of the dispute over the Bombardier C - Series planes in October, Delta CEO Ed Bastian told reporters that it hasn't ruled out purchasing
aircraft from
Boeing even though the
company launched a complaint over the deal.
The prime contractors will be
Boeing Military
Aircraft Company in Ridley Park, Pennsylvania, and Honeywell Aerospace in Phoenix.
Keeping planes in the air is the primary goal for AirStart, an aviation
company that leases, rents and sells components such as engines and landing gear to Airbus,
Boeing and Bombardier
aircraft.
The
company also announced that it will order 14 new 747 jumbo jets from
Boeing for added capacity on top of the 14 it purchased from the
aircraft manufacturer last September.
CNBC's Phil LeBeau reports from
Boeing's plant in Renton, Washington and discusses the latest about the
company ramping up production of its 737
aircraft.
Bjorn Kjos, Norwegian Air Shuttle CEO, discusses how technology has made it possible for his airline to offer passengers long - haul flights at cheap prices as the
company awaits the delivery of two
Boeing 737
aircraft this week.
In partnership with
Boeing, the automotive interiors
company announced joint venture Adient Aerospace, which will develop, manufacture and sell seating to airlines and
aircraft leasing
companies.
He jawboned Carrier into keeping jobs in the United States, threatened
Boeing for the cost of Air Force One and Lockheed on its F - 35
aircraft, and pharmaceutical
companies on their high drug prices.
On a final note,
Boeing — the world's largest
aircraft manufacturer — hit fresh new highs last week after the
company crushed Wall Street expectations, reporting record operating cash flow of $ 13.4 billion for 2017, up more than a quarter percent from $ 10.5 billion in 2016.
The
company purchased
aircraft engines and spare parts for the airline's fleet, which included Airbus 320s,
Boeing 737s and Gulfstream jets.
Prior to joining HP Co., Mr. May served as VP, Human Resources at
Boeing Commercial
Aircraft, a division of The
Boeing Company, from April 2013 to June 2015.
Along with the purchase deal,
Boeing also signed a cooperation document with Commercial
Aircraft Corporation of China (Comac) which will allow the company to build a 737 aircraft assembly center in the
Aircraft Corporation of China (Comac) which will allow the
company to build a 737
aircraft assembly center in the
aircraft assembly center in the nation.
Shares of
Boeing stock jumped dramatically in July after the
company posted strong margins and cash flow in the second quarter, stating it had improved the efficiency of building the 787, its top - selling wide - body commercial
aircraft.
[22] Gardiner, as spokesman for the Labour Party, seized on this information and accused
Boeing of hypocrisy, insisting that all
aircraft manufacturers require government subsidies; he labelled the
company «the king of corporate welfare» and a «subsidy junkie».
But to calculate that path it needed a methodology not used in
aircraft tracking before, one that had to be peer reviewed for accuracy by a so - far unnamed rival satellite
company, as well as by
Boeing.
The
Boeing 2707 SST still managed to leave a legacy — its supercritical airfoil is now a standard feature on all jet
aircraft, and the former Seattle SuperSonics basketball team was named thusly after the Seattle - based
company first won a government contract to build the plane at
Boeing's factory there.
The
company has committed to investments of more than USD $ 12.2 billion until 2020 for 166 new
aircraft, which include the
Boeing 787 and Airbus A320neo and A350.
Where
Boeing is making 10
aircraft per month — allowing everyone involved to become more efficient and produce planes faster — it takes nuclear plant construction
companies up to 10 years to build one plant.
The
Boeing company had previously established Seattle as a center for
aircraft manufacturing, but following the oil crisis and a costly debacle over the
Boeing 747, the
company suffered and many were forced to leave the area in search of alternative work.
Seeking hundreds of millions of dollars in damages, plaintiffs filed a putative class action alleging that
Boeing Company, along with its CEO and the head of its commercial
aircraft division, committed securities fraud in violation of federal law.
Chong advised a commercial
aircraft leasing
company, for example, on its cross-border (Indonesia and US) lease transfer of two
Boeing aircraft.
The firm has successfully litigated dozens of high profile aviation cases against major aviation
companies, including
Boeing Aircraft, Airbus, McDonnell Douglas
Aircraft, Hughes Helicopters and Hughes Manufacturing, Cessna, Piper as well as Beech Craft Aviation.
The
Boeing Company, Cessna
Aircraft Company, Bombardier Aerospace / Learjet and Raytheon
Aircraft Company.
Serve as internal and external spokesperson for the
company and the customer in this endeavor; relay customer needs in an advocacy role while predicting customer trends and coordinating
Boeing response for customer
aircraft emergencies worldwide.
While the Johnson Space Center is the focus of the former industry, there are dozens of associated employers including
aircraft manufacturer, The
Boeing Company, who employ many of the residents of the city.
PROFESSIONAL EXPERIENCE The
Boeing Company Integrated Defense System Global Mobility System • CA 1986 — Present
Aircraft Structure and Surface Mechanic, Dept 17J (2008 — Present)
Aircraft Structure and Surface Mechanic / Team Lead, Dept. 517 (1992 — 2008)
Aircraft Structure and Surface Mechanic, Dept 511 (1986 — 1992) Dept 517 AJ1 panel Team Lead for 12 years.