Market Leader informed
Boeing (The Boeing Company) (NYSE: BA) is the largest aerospace company in the world. The company’s official website is at http://www.boeing.com. Its headquarters are in Chicago (Illinois).
Boeing’s history reflects the entire path of global aviation and astronautics.
The company was founded by William Boeing (1881-1956), graduate of Yale University. He worked in timber industry for some time to get rich and knowledgeable about wood structures. This appeared invaluable for further development and production of airplanes.
On 15 June 1916 William Boeing and George Konrad Westerwald sent the first ever B&W plane for a flight, and a month later they registered a new company, Pacific Aero Products. In 1917 its name was changed to Boeing Airplane Company.
In the 1920s Boeing Airplane Company made military and civilian aircraft used by the American armed forces. In 1928 Boeing Co. became part of United Aircraft & Transport Corporation which was reorganized into three companies in 1934 as a result of President Roosevelt’s antitrust laws - Boeing, United Aircraft and United Transport.
Boeing was involved in bomber manufacturing during the Second World War.
In the 1950s Boeing designed the first jet bomber, B-47 Stratojet, and B-52 Stratofortress, one of the symbols of the Cold War. On 15 July 1954 an experimental plan, Boeing 367-80, had its first flight. Later it showed the path for the 700 series of commercial Boeing jets.
Boeing today
The company became the leader in aviation and space industry and offers its customers latest technologies and innovative solutions. It keeps on expanding its range of products and services in response to growing requirements of customers and helps them find acceptable financial solutions.
Boeing is a leading U.S. exporter for over 90 countries of the world.
Boeing’s products and specialized services included commercial and military aircraft, military helicopters, electronic and defense systems, missiles, satellites, modern information systems and communications systems. Besides, Boeing has operations related to anti-missile defense, piloted space flights and spacecraft launch services. The company supports and maintains aircraft it sells.Boeing has long-standing traditions of space leadership and innovation. The company continues expanding its production line and implements services to meet new needs of its clients. The company’s capacities include creation of new, more effective commercial and military aircraft, missile complexes and weapons by using advanced technologies and organizing innovative projects.
Boeing employs over 158,200 people in the U.S. and 70 countries. They represent one of the most versatile, talented and innovative workforces worldwide. Over 123,000 employees have a BA degree, including about 32,000 employees with degrees in practically all business and technical subjects. Boeing also takes advantage of talents of other hundreds of thousands of qualified people employed by the company’s Intermediaries globally.
The company’s competition includes Airbus, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, General Dynamics, BAE Systems, and the European Aeronautic and Defense Space Company (EADS).
Boeing is actively expanding. On 30 July 2009 the company closed acquisition of Vought Aircraft Industries, Inc. based in North Charleston, South Carolina. On 7 January 2010 Integrated Defense Systems started operating under a new name of Boeing Defense, Space & Security (BDS). It is made up of BMA, N&SS and GS&S. In July 2010 Boeing took over Narus, a supplier of real-time net traffic and software analysis and, in August 2010, - ARGON ST, Inc.
The company’s current market capitalization is $47.07 bn. The company follows its dividend policy.
Mission and goals: “Strategic Goal – 2016”
The company defines its development for the years to come by a motto: One Team, One Company, Common Goal: Global Leadership in Aviation and Space.
Strategy
• Stability of major business areas;
• Use of the company’s technological advantages to create new products and services;
• Development of new directions.
Core competencies
• Detailed customer knowledge and focus;
• Large-scale systems integration;
• Lean enterprise;
Values
• Leadership qualities;
• Integrity;
• Quality;
• Compliance with customer requirements;
• Versatile and committed team;
• Social responsibility;
• Growth of the company’s shareholder value.
Production activity
Boeing is made up of two major units: Boeing Commercial Airplanes and Boeing Defense Space & Security. Activities of these and other structural units are supported by the following organizations: Boeing Capital Corporation provides financing; Shared Services Group offers a wide range of services to Boeing worldwide; and Boeing Engineering Operations & Technology supports development and implements innovative technologies and processes.
Boeing Commercial Airplanes
Boeing Defense Space & Security
The segment deals with R&D, production and modification of military aircraft and has product support commitments. It represents such products as AH-64 Apache; Airborne Early Warning & Control (AEW&C); CH-47 Chinook; C-17 Globemaster; EA-18G Growler Airborne Attack Electronic Aircraft; F/A-18E/F Super Hornet; F-15 Strike Eagle; F-22 Raptor; Harpoon; International KC-767 Tanker; Joint Direct Attack Munition; P-8A Poseidon; Small Diameter Bomb; T-45 TS Goshawk and V-22 OspreyF/A-18E.
Some of these products may be known to the reader as fifth generation military aircraft.
Network & Space Systems Segment
This is Boeing’s additional segment. It is involved in R&D, production and modification of products and services of space research as well as anti-missile defense and space war weapons. The segment includes Airborne Laser, the family of Advanced Beyond Line-of-Sight Terminals (FAB-T), Brigade Combat Team Modernization (BCTM) (formerly Future Combat Systems (FCS)), Future Rapid Effects System, Global Positioning System, Ground-based Midcourse Defense (GMD), International Space Station, Joint Tactical Radio System (JTRS), Satellite Systems, SBInet, Space Payloads and Space Shuttle.
Global Services & Support Segment
This segment deals with maintenance, training, upgrade and functions of material and technical support of military platforms and operations. The segment includes integrated logistics on platforms such as АХ 64, AV-8B, C-17, CH-47, F-15, F/A-18, F-22, GMD, International 767 Tanker and V-22; maintenance, modifications and upgrades on such platforms as 10, B-1, B-52, С-32, С-40, С-130, E-4B, Е-6, КС-10, KC-135, Т-38 and EP-25, training and services on such platforms as AG-64, С-17, F-15, F-16, F/A-18 and Т-45, as well as international support.
Manufacturing performance and statements
Boeing works for the defense industry and, as such, has a certain level of protection of financial information. So, all key indicators of the company are aligned by manufacturing of civilian aircraft and for military needs based on available data. Having only this available, one cannot give an accurate characterization of its production.
The press release offered to investors upon close of 2010 Q3 points out that the company has weak signs of recovery of the global economy. Passenger and freight transportation continues showing clear signs of its recovery, albeit at slow rates.
A lower defense budget opens up international growth opportunities.
Q3 results reflect strong operating indicators of main structural units. Q3 earnings increased due to large sales of commercial airplanes.
Boeing’s production performance can be characterized by the example of historical expectations that reflect earnings per share and revenues.
Boeing’s technical analysis
Boeing’s shares are included in the listings of Dow Jones и S&P500. Options are traded with a minimum spread. There are no clear impulse patterns in the global chart. Now the share is within a wide flat. It is supported by a sloping channel below. The resistance is at Peak C of the tree-wave ABC model.
In the medium term, the price is in a wide flat with resistance levels at Peak C (76) of a three-wave ABC and the boundary of the sloping channel. When broken up, the new wave will give good reason to believe that an impulse wave has arrived with target levels expected above the historical high. Supports for a move down: the boundary of the sloping channel, corrective support by Fibonacci levels:
61.8% - 58.09;
50% - 52.54.
When peak A (53.39) is broken the alleged movement of the impulse wave changes to a corrective wave or continuation of the bearish trend.
According to the team of analysts of U.S. and Canada traders within the international Masterforex-V Academy, Boeing shares can always be useful in investor portfolios. They can be used for option strategies and are attractive in terms of dividends.
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