Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

The Boeing Company : Boeing Opens New Navigation System Repair Line at Ohio Facility

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/26/2012 | 06:37pm CEST

Company is sole supplier of navigation systems for US Navy ballistic missile submarine fleet

14,000-square-foot facility in Heath incorporates more than $4M in improvements

HEATH, Ohio, April 26, 2012 -- Boeing [NYSE: BA] today marked the opening of a new Electrostatically Supported Gyro (ESG) repair line at the company's Heath facility. The new line increases the capability of the skilled workforce and equipment already in place for the repair and maintenance of the U.S. Navy's Electrostatically Supported Gyro Navigator (ESGN, or Trident Navigation System).

"As the sole supplier of navigators for the U.S. Navy's ballistic missile submarine fleet, we believe this new line will allow for a long-range sustainable advantage in product maintenance while we develop the next generation of ultra-high-precision inertial systems," said Joe Carlin, vice president of Boeing subsidiary Argon ST.

A key component of all Navy Trident submarines, the ESGN, which started production more than three decades ago, is the world's most accurate inertial navigation system. The new facility includes approximately 14,000 square feet of space dedicated to the ESG Stable Platform Housing refurbishment and test program, as well as space for modification, repair, maintenance and storage.

"Ohio class submarines have been patrolling the world's oceans with the Trident II (D5) missile system for 30 years, serving as a credible strategic deterrence against enemies," said Rear Admiral Terry J. Benedict, director of the U.S. Navy's Strategic Systems Programs. "The Electrostatically Supported Gyro Navigator has successfully supported this mission by supplying the Trident Weapon System with critical information."

Today's event also celebrated Boeing's commitment to the Heath community. Boeing made $4 million in improvements and upgrades at the facility, which also received investments from the Ohio Department of Development, the Heath-Newark-Licking County Port Authority, and American Electric Power. The Heath facility is Boeing's Center of Excellence for maintenance, repair and overhaul of guidance and navigation systems, inertial instruments and platforms.

Under the current contract, Argon ST employees are scheduled to conduct ESG repair and maintenance at the facility until 2025.

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 62,000 employees worldwide.@BoeingDefense.

# # #

Contact:

Becky Yeamans
Electronic & Mission Systems
Office: 703-828-2250
Mobile: 703-303-2449
[email protected]

Idalia Hill
Electronic & Mission Systems
Office: 703- 995-4280
Mobile: 703-401-6968
[email protected]

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING COMPANY (THE)
05:01p BOEING : to Release Second-Quarter Results on July 26
02:36p BOEING : Layoffs announced for first time at Boeing's 787 Dreamliner campus, oth..
02:27p PRESOLICITATION NOTICE - 1560; WINDS : Lba; wsic: f
02:21p BOEING : One more Iranian airline to buy aircraft from Boeing
02:01p BOEING : Displays MAX Momentum at Record Paris Air Show; Airplane and services o..
02:01p BOEING : Tassili Airlines Announce Order for Three Next-Generation 737-800s; Alg..
01:49p BOEING : Iranian Airlines Agree To Buy 73 More Airbus Planes At Paris Air Show
01:29p BOEING : MILITARY $25,240 Federal Contract Awarded to Boeing
01:28p BOEING : MILITARY $54,055 Federal Contract Awarded to Boeing
01:28p BOEING : MILITARY $68,634 Federal Contract Awarded to Boeing
More news
Sector news : Commercial Aircraft Manufacturing
08:48aDJBOEING : Is Top Seller at Paris Air Show -- WSJ
06:36a ELBIT : says innovation key to crowded drone market
06/22 AIRBUS' : Leahy reveals negotiating tricks after 'last air show'
06/22DJBOEING : Outsells Rivals at Paris Air Show -- Update
06/22 Two Iranian airlines plan to buy 73 Airbus jets
More sector news : Commercial Aircraft Manufacturing
News from SeekingAlpha
07:01a WALL STREET BREAKFAST : Brace For The Russell Reconstitution
03:54a DAY 4 AT PARIS AIR SHOW : Boeing Signs With Major Airline, Airbus Parties With I..
06/22 What I Missed At The Paris Air Show
06/22 BOEING : The MAX Factor
06/22 STAR IN PARIS : 737 Max 10
Advertisement
Financials ($)
Sales 2017 91 951 M
EBIT 2017 9 129 M
Net income 2017 6 387 M
Debt 2017 1 498 M
Yield 2017 2,82%
P/E ratio 2017 19,00
P/E ratio 2018 17,63
EV / Sales 2017 1,33x
EV / Sales 2018 1,30x
Capitalization 120 378 M
More Financials
Chart BOEING COMPANY (THE)
Duration : Period :
Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Full-screen chart
Technical analysis trends BOEING COMPANY (THE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 192 $
Spread / Average Target -3,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith Chief Financial Officer & Executive Vice President
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BOEING COMPANY (THE)28.11%120 378
UNITED TECHNOLOGIES CO..11.45%97 886
LOCKHEED MARTIN CORPOR..12.20%81 275
AIRBUS SE19.41%64 888
GENERAL DYNAMICS16.56%60 717
RAYTHEON13.42%46 880
More Results