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 Co    BA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

The Boeing Company : Boeing Plans To Return 80% Of Cash To Shareholders

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/22/2013 | 04:46pm CET

Boeing Co.'s (BA) top executives say it plans to return around 80% of its free cash to shareholders, aiming to keep its research and development spending considerably lower over the next decade compared to the significantly delayed and over budget 787 Dreamliner.

Chief financial officer Greg Smith said that the return in the form of dividends and stock buybacks to its investors won't, however, dent the balance of around $11 billion in free cash the company holds.

Boeing chief executive Jim McNerney told Wall Street analysts at its annual investor day that the company wants to shrink record backlogs down and deliver jets to customers sooner and increase cash back to shareholders, as it evaluates production rate increases on its 787 and single-aisle 737s.

Mr. McNerney wants "less worshipping [the backlog of orders], more converting it" with higher production.

Boeing is evaluating the launch of two new wide-body products, a third 787 model and significantly updated 777X, both of which, along side its 737 Max jet, would not reach the research and development levels over the next decade, compared to the all-new 787s initial development, said Mr. McNerney.

The company is resuming share buybacks in 2013, after a four year hiatus, with plans spend between $1.5 to $2 billion this year.

Boeing currently aims to build 10 787s per month by years end, with plans to accelerate 737 production to 42 per month in 2014.

Write to Jon Ostrower at Jon.Ostrower@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING CO
03:31a CHARLES SCHWAB : Optimism among S&P 500 CEOs as Trump takes power
01/21 BOEING : Federal Contracts Awarded to Companies in Missouri (Jan. 21)
01/21 BOEING : MILITARY $185,905 Federal Contract Awarded to Boeing
01/21 BOEING : War of words starts as Machinists union files for organizing vote at Bo..
01/20DJCorrection to inauguration donors article on Thursday
01/20DJRockwell Collins Confident on Jet Ramp -- 2nd Update
01/20 BOEING : Machinists union to file for new organizing vote at Boeing's South Caro..
01/20 BOEING : Responds to IAM Filing Second Petition to Unionize Boeing : South Carol..
01/20DJBOEING : May Face Union Vote at 787 Plant
01/20BOEING CO : annual earnings release
More news
Sector news : Commercial Aircraft Manufacturing
01/21 Japan Air Commuter takes first ATR in quest for foreign tourists
01/20DJCorrection to inauguration donors article on Thursday
01/20DJRockwell Collins Confident on Jet Ramp -- 2nd Update
01/20 Indonesia watchdog says former CEO of airline Garuda a bribery suspect
01/20DJBOEING : U.S. Air Force Missile-Tracking Satellite Launch Scrubbed From Florida
More sector news : Commercial Aircraft Manufacturing
News from SeekingAlpha
01/20 Could TransDigm Be The Valeant Of The Aerospace Industry?
01/20 Machinists union to petition for vote among South Carolina Boeing workers
01/20 BOEING : Ready To Take Off... You Haven't Seen Anything Yet
01/19 REUTERS : Spirit AeroSystems considers outsourcing U.S. supply chain jobs
01/19 Boeing's 737-10X
Advertisement
Financials ($)
Sales 2016 94 407 M
EBIT 2016 5 790 M
Net income 2016 4 759 M
Debt 2016 520 M
Yield 2016 2,74%
P/E ratio 2016 21,60
P/E ratio 2017 16,68
EV / Sales 2016 1,05x
EV / Sales 2017 1,07x
Capitalization 98 456 M
More Financials
Chart BOEING CO
Duration : Period :
Boeing Co Technical Analysis Chart | BA | US0970231058 | 4-Traders
Full-screen chart
Technical analysis trends BOEING CO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 162 $
Spread / Average Target 1,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BOEING CO2.47%98 456
TEXTRON INC.1.63%13 335
DASSAULT AVIATION3.57%9 661
AVIC HELICOPTER CO LTD6.82%4 436
AVICHINA INDUSTRY & TE..7.87%4 427
EMBRAER SA12.75%4 185
More Results