Cowen Remains Bullish on Boeing (BA) on Increasing Demand

Cowen Cuts Price Target on Triumph Group (TGI) Following BA's Announced Insourcing of Aerostructures Work.

September 21, 2015 6:58 AM EDT

Cowen reiterated an Underperform rating on Triumph Group (NYSE: TGI), and cut the price target to $45.00 (from $50.00), following BA's announced insourcing of TGI's 747 aerostructures work. This deal will eliminate further risks on what has been a troubled production program for TGI and will... More

Jefferies Reiterates Buy on Boeing (BA) Following Announced 747 Supply Chain Reconstruction

September 18, 2015 7:51 AM EDT

Jefferies reiterated a Buy rating and $185.00 price target on Boeing (NYSE: BA) following announced reconstruction of its 747 supply chain. The company is moving the fuselage panel assembly work to its Macon, Georgia, site by 2018. Boeing will equip the site with new tooling and equipment,... More

China President Xi to tour Boeing, Microsoft on U.S. visit

September 16, 2015 7:24 PM EDT

(This Sept 16 story corrects last sentence to say Xi previously visited the U.S. in 2013, instead of saying the last visit by a Chinese president was in 2006 by former President Hu Jintao)

SEATTLE (Reuters) - Chinese President Xi Jinping will tour Boeing Co and Microsoft Corp in Seattle on the first stop of his U.S. visit next week, state and company officials confirmed on Wednesday.

His itinerary for the Sept. 22-24 stay in Seattle includes... More

Boeing rejects Aerojet Rocketdyne bid for ULA launch venture

September 16, 2015 5:22 PM EDT

By Andrea Shalal

NATIONAL HARBOR, Md. (Reuters) - Boeing Co (NYSE: BA) on Wednesday said it had rejected an unsolicited bid from Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) for United Launch Alliance, a 50-50 rocket launch venture of Boeing and Lockheed Martin Corp (NYSE: LMT).

"The unsolicited proposal for ULA is not something we seriously entertained," Boeing spokesman Todd Blecher said.

Boeing said it remained committed "to ULA and its business, and to continued leadership in all... More

U.S. Air Force eyes upgrades, service-life extension for Boeing F-15s

September 15, 2015 9:24 PM EDT

NATIONAL HARBOR, Md. (Reuters) - The U.S. Air Force will likely have to spend billions of dollars in coming years to keep its fleet of Boeing Co (NYSE: BA) F-15 fighter jets flying longer, and upgrade their capabilities, a top general said Tuesday.

General Hawk Carlisle, commander of Air Combat Command, said recent stress tests of the F-15C had revealed longer-term... More

GE to move U.S. jobs overseas in fight over export credits

September 15, 2015 9:07 AM EDT

By David Lawder and Lewis Krauskopf

WASHINGTON/NEW YORK (Reuters) - Flexing its muscles amid a bitter congressional fight over the U.S. Export-Import Bank, General Electric Co (NYSE: GE) on Tuesday revealed plans to shift up to 500 U.S. manufacturing jobs to Europe and China because it can no longer access EXIM financing.

The largest U.S. industrial conglomerate said it will move production of some heavy duty gas turbines and 400 jobs to Belfort, France, in exchange for a credit line from France's COFACE export agency. The deal will support GE... More