|December 13, 2013|
|11:05 EDT||BA||Boeing plans South Carolina expansion activities|
Boeing will begin construction in the second half of 2014 on a new paint facility on its main campus in North Charleston, S.C. The company expects to begin painting fully assembled 787 Dreamliners in South Carolina in mid-2016. The approximately 230,000 square-foot facility will be used to apply customer liveries to Boeing South Carolina-built 787s. Today all BSC-built 787s are flown to Fort Worth, Texas, for final paint and then flown back to South Carolina for customer delivery. The company also announced that it acquired access to a total of 468 acres in North Charleston, S.C., to protect for potential future growth in South Carolina through a long-term lease with Palmetto Railways, a division of the S.C. Department of Commerce. In addition to the 267 acres sold by the Charleston County Aviation Authority, another 201 acres of land in North Charleston were purchased with state bond funds allocated to Boeing. Owned by Palmetto Railways, the land will be leased to Boeing under a long- term lease. The company has an option to purchase all of the 468 acres at the end of the initial lease term at the end of 2027. As part of the site expansion, beginning in January 2014, Boeing will construct a new 10,000 square-foot fully equipped fire station at its main campus, which is expected to be operational by late 2014. The company will add a second autoclave in 2016 to support aftbody composite fabrication for previously announced 787 program rate increases.
News For BA From The Last 14 Days
Check below for free stories on BA the last two weeks.
|April 17, 2014|
|11:19 EDT||BA||Boeing reports 5 new orders since last update, cuts 737 net orders by 5|
Boeing reported 5 new orders for 737s from an unidentified customer or customers in an update on its orders through April 15 posted to its corporate website. In the changes category, Boeing reduced 737 net orders by 5.
|April 15, 2014|
|10:25 EDT||BA||Spirit AeroSystems new pact with Boeing removes a risk, says Wells Fargo|
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|06:29 EDT||BA||Fuji Heavy Industries o open factory plant for next-gen Boeing jets, Nikkei says|
Fuji Heavy Industries (FUJHY) plans to open a new factory next year to produce parts for Boeing's (BA) next-generation 666X passenger jets, reports Nikkei. Fuji Heavy Industries is expected to spend $97.6M for the new plant and will likely build enough parts to equip 100 of the new aircraft next year. Reference Link
|April 14, 2014|
|16:49 EDT||BA||Spirit AeroSystems, Boeing amend supply agreement|
Spirit AeroSystems (SPR) disclosed in a regulatory filing that on April the company entered an agreement with Boeing (BA) amending Spirit’s long-term supply agreement with Boeing covering products for Boeing’s B737, B747, B767 and B777 commercial aircraft programs. The amended agreement establishes pricing terms for recurring products for the period commencing on April 1 and ending on December 31, 2015. Prices will continue to be adjusted each year based on a quantity-based price adjustment formula described in the agreement, whereby average per-unit prices are higher at lower volumes. Prices continue to be subject to other adjustments provided for under the agreement. The new pricing terms will not be applied to the period prior to April 1. Spirit does not expect the amended agreement to have a material impact on previously announced EPS guidance.
|07:06 EDT||BA||U.S. Geospatial Intelligence Foundation to hold a symposium|
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
|April 11, 2014|
|08:22 EDT||BA||AerCap completes 29 aircraft transactions in Q1|
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|April 9, 2014|
|13:49 EDT||BA||Boeing, Air Canada sign agreement for Boeing Maintenance Performance Toolbox|
Boeing (BA) announced that Air Canada (AIDIF) has signed an agreement to implement the Boeing Maintenance Performance Toolbox to support maintenance operations for its 767, 777, 787 and 737 MAX airplane fleets. The Maintenance Performance Toolbox suite delivers access to information that technicians need to resolve airplane maintenance issues. As part of the Toolbox deployment project, Boeing will also provide services for transition and migration of customized data from maintenance management applications currently used by Air Canada, and will enable integration with existing maintenance resource planning systems.
|April 7, 2014|
|12:21 EDT||BA||Boeing now sees completing C-17 production in mid-2015|
Boeing adjusted slightly the timing for ending C-17 Globemaster III production and closing its Long Beach, Calif., C-17 final assembly facility after a successful two-decade production run of the world's premier airlifter.Based on current market trends and the timing of expected orders, Boeing anticipates completing C-17 production in mid-2015, an adjustment of approximately three months from an initial estimate of late 2015. The company announced plans to end C-17 production in September 2013. Boeing expects inventory–related charges of approximately $50M, which will be recorded in Q1, as a result of this announcement.
|April 6, 2014|
|18:00 EDT||BA||U.S. says ending Boeing fighter jet line won't damage suppliers, Reuters says |
The Defense Department decided that halting orders for Boeing's F/A-18 fighter jets and EA-18G electronic attack planes would not jeopardize suppliers for other big weapons programs, says Reuters. Reference Link