Boeing is reportedly exploring the sale of its Starliner spacecraft and NASA-related business as part of new CEO’s efforts to cut losses. The move comes as Boeing faces financial pressure and technical challenges with its Starliner program, which has experienced delays and setbacks.
Despite a challenging third quarter marked by production delays, labor disputes, and heavy losses, Goldman Sachs analyst Noah Poponak maintains a bullish outlook on Boeing, citing robust demand for its aircraft, a planned capital raise, and new leadership focused on operational improvements. Poponak believes Boeing is poised for a significant recovery over the next year and that investors could see substantial returns if the company successfully executes its turnaround strategy.
Barnes Group, Inc. (B) reported a strong third quarter with revenue exceeding expectations, driven by booming demand in its Aerospace segment. The company’s Aerospace OEM backlog surged 19% sequentially, reflecting optimism for future industry growth. However, the company announced it will be acquired by Apollo Global Management in an all-cash deal valued at $3.6 billion, leading to the suspension of its financial guidance for the year.
Boeing reported a record $6 billion loss in the third quarter, fueled by a labor strike and ongoing turnaround efforts. While some analysts are optimistic about CEO Ortberg’s ability to right the ship, others express concern about the company’s financial outlook and urge a quicker resolution to the strike.
Boeing Co. (BA) saw its shares fall by over 3% in pre-market trading on Thursday following the release of its third-quarter financial results. The aerospace giant reported a decline in revenue and widened losses, largely attributed to ongoing labor strikes and charges on various programs. This comes amidst a broader set of challenges for Boeing, including cultural and operational hurdles.
General Dynamics (GD) delivered a mixed performance in the third quarter of fiscal 2024, surpassing revenue expectations but missing on earnings per share. While the company saw strong growth in various segments, its Aerospace division performed exceptionally well, reflecting increased demand. This report provides a comprehensive breakdown of the company’s financial performance, including segment-wise revenue, cash flow, and backlog.
Boeing reported a disappointing third quarter, with revenue declining and losses widening. The company attributed the poor performance to the ongoing IAM strike and charges related to commercial and defense programs. Despite challenges, Boeing remains focused on stabilizing the business and regaining customer trust.
Boeing is set to report its third-quarter earnings on Wednesday, October 23, facing a challenging landscape marked by a potential labor deal resolution, significant financial pressures, and delays in key programs. The aerospace giant is expected to post a loss, with investors watching closely for updates on the labor negotiations and the impact of program delays on its financial performance.
GE Aerospace’s Q3 2024 results showed solid revenue growth, but the analyst at Goldman Sachs highlighted mixed performance across segments. Despite exceeding revenue expectations, the company fell short of consensus on segment EBIT. While commercial engines remain a key driver, the defense segment underperformed. The analyst maintains a ‘Buy’ rating with a price target of $201.
GE Aerospace reported strong third-quarter results, exceeding analyst expectations with a 6% revenue increase and a surge in orders. The company raised its earnings and cash flow guidance for the year, citing strong demand and improving engine deliveries. Shares are trading lower premarket, despite the positive performance.
