The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
ARLINGTON, Va., Oct. 28, 2024 /PRNewswire/ -- The Boeing Company [NYSE: BA] ("Boeing" or the "Company") announced today the pricing of its previously announced separate underwritten public offerings of (i) 112,500,000 shares of common stock, par value $5.00 per share ("Common Stock"), of the Company at a public offering price of $143.00 per share (the "Common Stock Offering") and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock") at a public offering price of $50.00 per Depositary Share (the "Depositary Shares Offering" and, together, the "Offerings"). Boeing has granted the underwriters in each respective offering a 30-day option to purchase up to an additional (i) 16,875,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any, in each case at the public offering price less the applicable underwriting discount. The Common Stock Offering is expected to close on October 30, 2024 and the Depositary Shares Offering is expected to close on October 31, 2024, subject to customary closing conditions.
SANTIAGO, Chile, Oct. 28, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and LATAM Airlines Group, the leading passenger and cargo airline group in South America, today announced the purchase of 10 787 Dreamliners with options for five more airplanes. As the region's largest 787 operator, this latest order for fuel-efficient 787-9 jets increases LATAM's investment in one of the most modern fleets in Latin America.
ARLINGTON, Va., Oct. 28, 2024 /PRNewswire/ -- The Boeing Company [NYSE: BA] ("Boeing" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) 90,000,000 shares of common stock, par value $5.00 per share ("Common Stock") of the Company and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), of the Company (together, the "Offerings"). Boeing expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) 13,500,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any. Boeing intends to use the net proceeds from the Offerings for general corporate purposes, which may include, among other things, repayment of debt, additions to working capital, capital expenditures, and funding and investments in the Company's subsidiaries.
EL SEGUNDO, Calif., Oct. 23, 2024 /PRNewswire/ -- Millennium Space Systems, a Boeing [NYSE: BA] company, was awarded an Other Transaction Agreement with the U.S. Space Force Space Systems Command to deliver an additional plane of six Missile Track Custody, or MTC, satellites in support of its Resilient Missile Warning and Tracking Medium Earth Orbit Epoch 1 program.
Millennium Space Systems is now on contract to deliver two planes, or 12 MTC satellites, plus their associated ground system and mission operations.
ARLINGTON, Va., Oct. 23, 2024 /PRNewswire/ --
Third Quarter 2024
Financials reflect impacts of the International Association of Machinists and Aerospace Workers (IAM) work stoppage and previously announced charges on commercial and defense programsRevenue of $17.8 billion, GAAP loss per share of ($9.97) and core (non-GAAP)* loss per share of ($10.44)Operating cash flow of ($1.3) billion and free cash flow of ($2.0) billion (non-GAAP)*Total company backlog of $511 billion, including over 5,400 commercial airplanesDUBAI, Oct. 21, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and Emirates SkyCargo today announced an order for five more of the world's largest and longest-range twin-engine freighter, building on its earlier purchase of five 777 Freighters. The latest order, which was finalized in September and listed as unidentified on Boeing's Orders and Deliveries website, brings Emirates' order book to 249 Boeing widebody airplanes, including 14 777 Freighters.
ARLINGTON, Va., Oct. 11, 2024 /PRNewswire/ -- Boeing [NYSE: BA] President and CEO Kelly Ortberg shared the following message with all employees today:
Team,
Our business is in a difficult position, and it is hard to overstate the challenges we face together. Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term.
We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery. We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves across too many efforts that can often result in underperformance and underinvestment.
ARLINGTON, Va., Oct. 11, 2024 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today it will recognize impacts to its financial results related to charges for certain programs across the Commercial Airplanes and Defense, Space & Security segments and the IAM work stoppage when it reports third quarter results on October 23. The company expects to report third quarter revenue of $17.8 billion, GAAP loss per share of ($9.97), and operating cash flow of ($1.3) billion. Cash and investments in marketable securities totaled $10.5 billion at the end of the quarter.
ARLINGTON, Va., Oct. 8, 2024 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the third quarter of 2024.
The company will provide detailed third quarter financial results on October 23. Major program deliveries during the third quarter were as follows:
Major Programs
3rd Quarter
2024
Year-to-Date
2024
Commercial Airplanes Programs
737
92
229
767
6
15
777
4
11
787
14
36
Total
116
291
Defense, Space & Security Programs
AH-64 Apache (New)
7
10
AH-64 Apache (Remanufactured)
11
24
CH-47 Chinook (New)
—
2
CH-47 Chinook (Renewed)
2
7
F-15 Models
3
10
F/A-18 Models
1
5
KC-46 Tanker
5
10
MH-139
3
3
P-8 Models
1
4
T-7A
1
1
Total1
34
76
1 Deliveries of new-build production units, including remanufactures and modifications
Note: Delivery information is not considered final until quarterly financial results are issued.
EL SEGUNDO, Calif., Oct. 7, 2024 /PRNewswire/ -- Millennium Space Systems, a Boeing [NYSE: BA] company, completed the Fire-control On Orbit-support-to-the-war Fighter, or FOO Fighter, preliminary design review, or PDR, four months following authorization to proceed. The company is on contract to deliver a constellation of eight satellites with a ground system and to perform mission operations.