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aerospace sector posts

Boeing Q4 earnings up 5.1%, says 787 Dreamliner is on track

Posted Jan 30th 2008 12:40PM by Joseph Lazzaro (RSS feed)
Filed under: Earnings Reports, Forecasts, Boeing Co (BA)

Boeing 's Q4 2007 earnings increased 5.1% on a rise in jet deliveries and improved productivity, the company announced Wednesday [pdf]. The company also stated that the 787 Dreamliner is on-schedule.

Boeing (NYSE: BA) reported Q4 2007 EPS of $1.36 versus the Reuters consensus estimate of $1.32. Boeing reported EPS of $1.29 in Q4 2006. The company reported Q4 revenue of $17.5 billion versus the Reuters consensus estimate of $17.2 billion.

Boeing shares jumped $1.88 to $82.85 in mid-day Wednesday trading on the news.

Boeing also revised its 2008 EPS guidance to $5-70-$5.85, up from the previous guidance of $5.55-$5.75. The Reuters 2008 EPS consensus estimate is $5.95.

787 Dreamliner on track

Equally important, Boeing said it was on track to meet its revised production schedule set earlier this month for its next-generation plane, the 787 Dreamliner. However, Boeing did not mention when power would be switched on in the first 787, or project a schedule for deliveries beyond stating that the first one would be delivered in early 2009. Boeing has secured more than 800 orders for the 787.

Continue reading Boeing Q4 earnings up 5.1%, says 787 Dreamliner is on track

With Honeywell, everything is under control

Posted Dec 18th 2007 7:30PM by Joseph Lazzaro (RSS feed)
Filed under: Honeywell Intl (HON), Stocks to Buy

It's a Wall Street axiom, but one that's worth repeating in choppy markets: diversity provides greater safety. That's diversity across a portfolio, and diversity within a company, and a good example of the latter is Honeywell International Inc. (NYSE: HON).

Thermostats and aircraft maintenance would seem like business lines at opposite ends of the spectrum, but they are at Honeywell's core, and they speak to the company's strength.

Analysts like HON's aerospace division (36% of revenue), which manufactures cockpit controls, power generation equipment, and wheels/brakes for commercial/military aircraft. The division also makes jet engines for regional/business jet manufacturers.

Further, analysts really like HON's automation/control division (35% of revenue), which makes home/office climate control equipment. Analysts see solid demand for HON's next-generation energy-efficient controls as businesses and homeowner re-emphasize energy efficiency, due to high energy prices. The Reuters F2007/F2008 EPS consensus estimates for HON are $3.16 to $3.73.

Continue reading With Honeywell, everything is under control

Boeing says 787 Dreamliner on track for 2008 delivery

Posted Dec 11th 2007 1:56PM by Joseph Lazzaro (RSS feed)
Filed under: Competitive Strategy, Boeing Co (BA)

Boeing announced Tuesday that it is still on track to fly its first 787 Dreamliner in Q1 2008 and deliver the plane to its first customer, All Nippon Airways, by the end of 2008, The Wall Street Journal reported (subscription required).

Boeing (NYSE: BA) also confirmed full-build 787 aircraft production plans. Earlier this year, Boeing delayed delivery of the 787 by six months to about December 2008, instead of May 2008, due to a parts shortage and also to complete additional work previously assigned to contractors, Bloomberg News reported. Boeing's shares were down 40 cents to $92.33 in Tuesday mid-day trading.

Boeing has 762 orders for the 787, valued at about $120 billion. Analysts view an aerospace company's ability to deliver planes on time as critical to the company's future prospects, due to the high cost airlines incur for delayed planes. Delayed plane deliveries also discourage future plane orders, analysts generally agree.

In addition to the 787's next-generation passenger amenities and substantially improved fuel efficiency, the plane also serves as a touch-point in the aerospace battle between Boeing and Airbus.

Continue reading Boeing says 787 Dreamliner on track for 2008 delivery