Boeing awarded $123.11M Air Force contract option » 17:1201/2201/22/21
Boeing has been awarded…
Boeing has been awarded option year four to its indefinite-delivery/indefinite-quantity contract via multiple task orders estimated at $123.11M for engineering support services, or ESS. ESS option year four exercise provides recurring and non-recurring engineering support services from Boeing in support of commercial derivative aircraft. Work is expected to be completed Jan. 31, 2023. This contract is the result of a sole-source acquisition. FY21 operation and maintenance funds in the amount of $49.26M are obligated at time of award via task order. The Air Force Life Cycle Management Center is the contracting activity.
Boeing commits to commercial airplanes to fly on 100% sustainable fuels by 2030 » 12:0501/2201/22/21
Boeing is setting a…
Boeing is setting a target to advance the long-term sustainability of commercial aviation, committing that its commercial airplanes are capable and certified to fly on 100% sustainable aviation fuels by 2030. Boeing has previously conducted test flights replacing petroleum jet fuel with 100% sustainable fuels to address the urgent challenge of climate change.
Boeing awarded $2.1B from Air Force for 15 KC-46A tankers » 12:0801/2101/21/21
The U.S. Air Force on…
The U.S. Air Force on Wednesday awarded Boeing a $2.1B contract for 15 KC-46A tankers, the company announced in a statement. The KC-46 is a widebody, multirole tanker designed for air refueling, cargo and medical transport. Boeing is now on contract for 94 KC-46A tankers. Boeing delivered the first KC-46A to the U.S. Air Force in January 2019. Boeing is assembling KC-46A aircraft at its Everett, Washington, facility, where it also continues production of the KC-46 tanker for Japan.
Boeing awarded $2.12B Air Force contract modification » 17:1801/2001/20/21
Boeing has been awarded a…
Boeing has been awarded a $2.12B modification to a contract for Lot 7 production KC-46 aircraft, subscriptions and licenses and G081 flat file. The modification provides for the exercise of an option for an additional quantity of 15 KC-46 aircraft, data, subscriptions and licenses, and G081 flat file being produced under the basic contract. Work will be performed in Seattle, Washington, and is expected to be completed May 31, 2024. FY21 aircraft procurement funds in the full amount are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.
Netflix upgrades, Tesla target hike among today's top calls on Wall Street » 09:5801/2001/20/21
NFLX, TSLA, BYND, BA, DAL
Check out today's top…
Fly Intel: Top five analyst upgrades » 09:5601/2001/20/21
NFLX, BA, DKNG, DAL, HAL
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Neutral at UBS and upgraded to Overweight from Equal Weight at Wells Fargo following Q4 results. 2. Boeing (BA) upgraded to Hold from Sell at Berenberg with analyst Andrew Gollan saying Boeing is a "deeply wounded organization," but the restart of 737 Max deliveries in December marked a turning point toward a financial recovery. 3. DraftKings (DKNG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Thomas Allen saying his channel checks suggest that 2021 should "stand out as an exceptionally strong year of legalization," and that he expects 12 states to legalize sports betting this year. 4. Delta Air Lines (DAL) upgraded to Buy from Hold at Argus with analyst John Staszak saying the company will face a difficult first half of FY21 but will likely return to profitability in the second half and into FY22. 5. Halliburton (HAL) upgraded to Overweight from Equal Weight at Stephens with analyst Tommy Moll saying he expects the company to benefit from the rapidly-improving level of completion activity in the U.S. in the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Boeing upgraded to Hold from Sell at Berenberg » 05:2701/2001/20/21
Berenberg analyst Andrew…
Berenberg analyst Andrew Gollan upgraded Boeing to Hold from Sell with a price target of $215, up from $150. Boeing is a "deeply wounded organization," but the restart of 737 Max deliveries in December marked a turning point toward a financial recovery, Gollan tells investors in a research note. The analyst finds the shares fairly valued as investors weigh near-term headwinds against the recovery potential.
Boeing reports BBAM to add up to 12 737-800 converted freighters » 11:0601/1901/19/21
Boeing and BBAM Limited…
Boeing and BBAM Limited Partnership announced the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. "The agreement brings BBAM's 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market," Boeing said. Ihssane Mounir, Boeing's senior vice president of Commercial Sales and Marketing, added, "The continued strong demand for the 737-800BCF demonstrates the critical role these converted freighters play in the growing express and e-commerce market."
Air Canada to resume Boeing 737 MAX commercial operations on Feb. 1 » 13:1101/1801/18/21
Air Canada (ACDVF) said…
Air Canada (ACDVF) said that following Transport Canada's Airworthiness Directive and January 20 lifting of the existing Notice to Airmen for the Boeing (BA) 737 MAX aircraft, the aircraft ungrounding by regulatory bodies worldwide, and the carrier's own independent assessments of the aircraft and operating procedures by its specialized safety and flight operations experts, it will be resuming Boeing 737 MAX commercial operations on February 1, 2021. The 737 MAX will gradually return to Air Canada's North American route network as the airline continues to optimize its narrow body fleet, the company said in a statement.
|Over a week ago|
Emirates President: Boeing 777X entry likely in 2023 or later, Reuters says » 15:5801/1301/13/21
Emirates Airline President Tim Clark said Boeing Co's 777X may not enter into service with airlines until 2023 or even later, due to uncertainty over the development timeline of Boeing's biggest twin-engine jet and when it will be certified, Reuters' Alexander Cornwell reports. Boeing has been developing the 777X, a new version of its popular 777 aircraft, with the goal of releasing it in 2022, already two years later than planned, the report noted. Reference Link