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July 31, 2015 7:39 AM ET

Aerospace and Defense

Company Overview of Boeing Commercial Airplanes, Inc.

Company Overview

Boeing Commercial Airplanes, Inc. manufactures airplanes, aircrafts, and commercial jetliners. It offers commercial airplanes, business jets, and government, military and VIP airplanes; and also engages in aircraft trading. The company also provides airplane services, including used aircraft sales and leasing, maintenance, modifications, spare parts sales, material management, fleet enhancements and modifications, and engineering services. In addition, Boeing offers flight operations support for airline flight operations, including information-management solutions and a global training network, as well as flight technical publications, such as flight manuals, dispatch deviation guides, equip...

1901 Oakesdale Avenue SW

Seattle, WA 98055

United States

Phone:

206-655-1131

Fax:

206-655-7004

Key Executives for Boeing Commercial Airplanes, Inc.

Vice Chairman, Chief Executive Officer and President
Age: 60
Chief Financial Officer
Age: 60
Chairman, Chairman of Boeing and Chief Executive Officer of Boeing
Age: 66
Chief Executive Officer of Boeing Defense, Space & Security, President of Boeing Defense, Space & Security and Executive Vice President of Boeing
Age: 54
President of Boeing International And Senior Vice President of Business Development and Strategy-Boeing Company
Age: 63
Compensation as of Fiscal Year 2015.

Boeing Commercial Airplanes, Inc. Key Developments

Boeing Commercial Airplanes Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for 2015

Boeing Commercial Airplanes reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were $16,877 million against $14,304 million a year ago. Earnings from operations was $1,206 million against $1,550 million a year ago. Net earnings were $554 million against $441 million a year ago. For the six months, revenues were $32,258 million against $27,041 million a year ago. Earnings from operations was $2,823 million against $3,052 million a year ago. Net earnings were $1,097 million against $970 million a year ago. For 2015, the company revised its earnings guidance. Now the company expects revenue in between $64.5 million to $65.5 million, operating margin to be 9%, revised from previously announced guidance of 9.5% to 10.0%.

Boeing Commercial Airplanes to Take $513 Million Charge in Second Quarter of 2015

Boeing Company announced that it will recognize a $536 million, or $0.77-per-share, charge on its KC-46 aerial refueling tanker program when it reports second quarter results on July 22, 2015. The charge reflects higher estimated engineering and manufacturing costs to complete development, certification and initial production of the tanker aircraft, while holding to the program schedule for initial production deliveries in 2017. The KC-46 tanker is being designed, developed and tested under a fixed-price Engineering, Manufacturing and Development (EMD) contract. On a pre-tax basis, Boeing Commercial Airplanes will report a charge of $513 million and the Boeing Military Aircraft segment of Boeing Defense, Space & Security will report a charge of $322 million.

Boeing Business Jets Announces Two New Orders for BBJ and BBJ 787-8 Dreamliner

Boeing Business Jets, or BBJ, a division of Boeing Commercial Airplanes, has announced two new orders for a BBJ and a BBJ 787-8 Dreamliner. Boeing Business Jets also announced the first BBJ 747-8 entered into service in early 2015 and the first BBJ 787-9 Dreamliner was delivered to a completion center to install its custom interior. Boeing Business Jets offers a wide variety of ultra-large-cabin, long range airplanes perfectly suited for the private jet market. The product line includes the BBJ and BBJ MAX family as well as Boeing widebody airplanes including the BBJ 787, 777 and 747-8.

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