The world’s largest aerospace firm has had a busy year defending its turf. A joint venture between Canadian jet-manufacturer Bombardier and arch-foe Airbus has threatened to steal market share from the plane-maker. So Boeing has sought a tie-up with Embraer, a Brazilian jet-maker (and Bombardier nemesis), in a deal that at press time was under consideration by Brazil’s government. Boeing’s revenue dipped slightly, by 1%, to $93.4 billion last year, but the company has a backlog of orders for about 6,000 commercial jets on the books–worth about half a trillion dollars. President Trump’s recent decision to pull out of the Iran nuclear deal and reinstate sanctions on the country, meanwhile, jeopardizes billions of dollars in slated sales to Iran Air and Iran Aseman Airlines.
Looking for leads, investment insights, or competitive intelligence?
News about Boeing
It's suspected that technology on the Global IP satellite may have ended up with the Chinese military.
The planemaker's stock has declined steadily since the October 29 crash.
The company has met with pilots' unions to discuss concerns over the 737 MAX anti-stall system.
Must-read business news, delivered every morning.
Cowen says Boeing is the best aerospace stock to buy going into 2019.