Source: Boeing Continued progress on global safe return to service of 737 MAX and focus on operational stability Revenue of $15.3 billion, GAAP loss per share of ($0.19) and core (non-GAAP)* loss per share of ($0.60) Operating cash flow of ($0.3) billion; cash and marketable securities of $20.0 billion Commercial Airplanes backlog of $290 billion and added 93 net orders Table 1. Summary Financial Results Third Quarter Nine Months (Dollars in Millions, except per share data) 2021 2020 Change 2021 2020 Change Revenues $15,278 $14,139 8% $47,493 $42,854 11% GAAP Earnings/(Loss) From Operations $329 ($401) NM $1,269 ($4,718) NM Operating Margin 2.2% (2.8)% NM 2.7% (11.0)% NM Net Loss ($132) ($466) NM ($126) ($3,502) NM Loss Per Share ($0.19) ($0.79) NM ($0.10) ($6.10) NM Operating Cash Flow ($262) [...]

Source: Boeing Today, the Chief Technology Officers (CTOs) of seven of the world's leading aerospace manufacturers have reaffirmed their commitment to achieving more sustainable aviation and to reaching industry-wide Air Transport Action Group targets in a joint statement. This statement updates a commitment made by a unified group of CTOs in June 2019 as part of a shared position to support the aviation sector's ambition to achieve net-zero carbon emissions by 2050. The CTOs of Airbus, Boeing, Dassault Aviation, GE Aviation, Pratt & Whitney, Rolls-Royce, and Safran will also issue a call to action to policymakers, research institutions, suppliers, fuel producers and airport operators to build on the progress made in recent years and deliver on the aviation sector's sustainability agenda. The joint statement [...]

Source: Boeing Ted Colbert, president and CEO of Boeing Global Services, has been named Black Engineer of the Year (BEYA) for 2022 by U.S. Black Engineer & Information Technology magazine. The award, the highest honor in the long-running program, recognizes a public or private sector leader who has navigated business challenges and expanded opportunities for African-Americans in science, technology, engineering and mathematics. "Ted Colbert's leadership, advocacy and true passion to drive positive change is nothing short of an inspiration," said Tyrone Taborn, CEO and Chief Content Officer for Career Communications Group, a media company that seeks to promote STEM careers. "Our selection committee prides itself on identifying Black leaders that champion diversity, equity and inclusion in all they do – [...]

Source: Boeing Pentagon veteran to lead sales team for company's defense, space and government services portfolios Heidi Grant, director of the U.S. Defense Security Cooperation Agency (DSCA), has been selected to lead Boeing's defense, space and government services sales teams. She will join the company Nov. 8 as vice president of Business Development, leading the organization previously known as Global Sales and Marketing (GSM). In her current role she is responsible for the administration and execution of U.S. Department of Defense security cooperation programs and activities involving defense articles, military training and other defense-related services. She began her U.S. Department of Defense career in 1989 and held key roles with the departments of the Navy and Air Force, Office of [...]

Source: Boeing The Boeing Company announced today major program deliveries across its commercial and defense operations for the third quarter of 2021. "We made important progress driving stability throughout our operations in the third quarter, as we prioritized safety and quality and worked to deliver for our customers," the company said. "Our defense and services teams delivered across several key programs. In our commercial business, we increased 737 MAX deliveries in the quarter, and progressed in safely returning the 737 MAX to service in more international markets. We are also continuing to complete comprehensive inspections across the 787 production system and within the supply chain, while holding detailed, transparent discussions with the FAA, suppliers and our customers. Production resources remain [...]