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4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Co    BA

Delayed Quote. Delayed  - 07/25 10:01:02 pm
132.94 USD   -0.40%
08:17a BOEING : Partners with Emirates Flight Training Academy to Address G..
03:36aDJBOEING : Is 'Delinquent' on Payments, Says Supplier Rockwell Collins
02:06aDJBOEING : Is 'Delinquent' on Payments, Says Supplier Rockwell Collins
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Boeing : Partners with Emirates Flight Training Academy to Address Growing Pilot Demand

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07/26/2016 | 08:17am CEST

OSHKOSH, Wis., July25, 2016 - Boeing (NYSE: BA) announced a partnership today with the Emirates Flight Training Academy, a division of Emirates Airline, to collaborate on a comprehensive training curriculum and software infrastructure to help train pilot cadets.

'We are leveraging Boeing's expertise in airline pilot training to identify opportunities to enhance the Academy's curriculum' said Captain Alan Stealey, principal, Emirates Flight Training Academy.

Boeing is creating a customized, integrated software system for managing cadet learning and training using software developed by the recently-acquired Peters Software GmbH. Peters Software is a leading provider of European Aviation Safety Agency-based training systems and content for early stage ('ab-initio') aviation training.

'The program developed by Boeing will enhance the Emirates Flight Training Academy to efficiently train pilot cadets by integrating everything the academy needs into one place,' said Sherry Carbary, vice president, Boeing Flight Services. 'Boeing has forecasted the industry will need 617,000 pilots by 2035. We are dedicated to work with customers to create programs to help fill that demand.'

The agreement with the Emirates Flight Training Academy is part of Boeing's Pilot Development Program, a comprehensive program designed to meet the training requirements to become a qualified airline first officer.

Emirates Flight Training Academy, currently under construction at Al Maktoum International Airport - Dubai World Central (DWC), is scheduled to open in October 2016.

Emirates designed the facility to promote advancements in four key areas of pilot training: interactive learning for theoretical subjects in classrooms, practical learning in the most capable training aircraft, practical learning in advanced flight simulators, and airline-focused line-oriented flight training. Once completed, the Academy will be able to accommodate over 600 students at a time.

###

Contact:
Kate Bergman

Boeing Commercial Aviation Services Communications

+1 206-304-7411

kate.m.bergman@boeing.com

The Boeing Company published this content on 26 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2016 06:16:06 UTC.

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Financials ($)
Sales 2016 93 881 M
EBIT 2016 6 812 M
Net income 2016 3 652 M
Debt 2016 770 M
Yield 2016 3,26%
P/E ratio 2016 21,58
P/E ratio 2017 13,65
EV / Sales 2016 0,91x
EV / Sales 2017 0,89x
Capitalization 84 684 M
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Number of Analysts 20
Average target price 146 $
Spread / Average Target 9,7%
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Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Gregory D. Smith Chief Financial Officer & Executive Vice President
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Kenneth M. Duberstein Lead Independent Director
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