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Fly News Breaks for September 14, 2017
Sep 14, 2017 | 07:26 EDT
SunTrust analyst Michael Ciarmoli says that Boeing's (BA) decision to increase its production to 14 planes per month in 2019, up from 12 currently, was "surprising" to many investors, including him, who expected the company to maintain or cut its current production level. He thinks that the decision increases the chances that the 2018 and 2019 estimates for airplane suppliers will rise. The analyst says that the following companies can benefit from Boeing's production increase: Astronics (ATRO), Barnes Group (B),Rockwell Collins (COL), KLX Inc. (KLXI), Spirit AeroSystems (SPR),Triumph Group (TGI), Wesco Aircraft (WAIR),and Woodward (WWD),
News For BA;ATRO;B;COL;KLXI;SPR;TGI;WAIR;WWD From the Last 2 Days
Oct 23, 2017 | 14:09 EDT
Boeing (BA) and Singapore Airlines (SINGY) formally announced a deal for 20 777-9s and 19 787-10s, during a ceremony at the White House. The order, previously attributed to an unidentified customer, is worth $13.8B at current list prices. The value of this sales transaction will sustain thousands of U.S. suppliers and more than 70,000 direct and indirect U.S. jobs during the delivery period of this contract. The airline also has options for 12 additional aircraft, six of each aircraft type. The signing ceremony, witnessed by US President Donald Trump and Prime Minister of Singapore Lee Hsien Loong, included Singapore Airlines' CEO Goh Choon Phong and Boeing Commercial Airplanes' President & CEO Kevin McAllister. Peter Seah, Singapore Airlines' Chairman, and Dinesh Keskar, senior vice president, Asia Pacific & India Sales, Boeing Commercial Airplanes and other members of the airline and Boeing also were in attendance.
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