Leaders at Boeing Co. have been struggling to turn the company around after years of bad headlines. Now, some investors are hoping they’ll look to a new tactic: selling some of its businesses, which could shore up the company’s balance sheet and lift the stock from its doldrums.
GE Aerospace reported robust profits last quarter and is in the midst of a $15 billion stock buyback program. Workers say these funds should be redirected into fair wages, secure retirements, better health care and improved working conditions-a necessary investment to attract and retain skilled aerospace talent amid a wave of retirements.
Boeing Co.’s potential sale of its Jeppesen navigation unit is attracting major aviation suppliers and private equity suitors ahead of the deadline for first-round bids next week, according to people familiar with the matter.
Boeing's (NYSE:BA) potential sale of its non-core Jeppesen navigation unit is drawing major aviation suppliers and private equity suitors ahead of the deadline for first-round bids, Bloomberg reported Friday,
Boeing ( BA 1.50%) will release its fourth-quarter 2024 earnings on Jan. 28. Naturally, investors will eagerly await the company's outlook from CEO Kelly Ortberg (appointed in August). There's plenty of potential for improvement at Boeing.
GE Aerospace delivered 46% order growth in Q4 FY24. See why we recommend a 'Strong Buy' rating for GE stock with a $250 fair value.
The company's shares rose 6.5% in trading before the bell after GE Aerospace also announced plans to increase its share buybacks to $7 billion in 2025 and its dividend by 30%. Production delays at Boeing and Airbus have resulted in longer wait times for new jets.
GE Aerospace operates in a highly competitive but lucrative sector, providing commercial engines and aviation services that are essential for airlines worldwide. Its primary revenue comes from the sale of engines, with over 70% of revenue generated by parts and services sold to airline companies after the initial sale of an engine.
GE Aerospace appears well on its way to accomplishing a goal it set during its launch as a standalone company last year.
From repositioning parts to stocking up on materials such as steel and lobbying for tariff exemptions, aerospace suppliers are scrambling to limit tariff risk to their bottom lines. The tariffs, if implemented, could raise costs for already-stressed suppliers and their planemaking customers, such as U.S.-based Boeing.
Boeing’s (BA) potential sale of its Jeppesen navigation unit is attracting major aviation suppliers and private equity suitors ahead of the
Boeing’s recent troubles —including a strike by 33,000 machinists last fall—have drawn intense scrutiny to the aerospace industry’s treatment of its unionized workforce. Now, as GE ...