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MarketScreener Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

BOEING COMPANY (THE)

(BA)
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Boeing : Bell Boeing Delivers First Modified Osprey for Improved Fleet Readiness

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12/10/2019 | 03:06pm EST

PHILADELPHIA, Dec. 10, 2019 - Boeing [NYSE: BA] and Bell Textron Inc., a Textron Inc. [NYSE: TXT] company, have delivered the first modified MV-22 Osprey to the United States Marine Corps for improved readiness and reliability of the tiltrotor fleet.

The Marines have multiple configurations of the MV-22 aircraft in service. Under the Common Configuration - Readiness and Modernization (CC-RAM) program, Bell Boeing is reducing the number of configurations by upgrading block 'B' aircraft to the current block 'C' configuration.

'Our first CC-RAM aircraft returning to Marine Corps Air Station New River was a key program benchmark,' said U.S. Marine Corps Col. Matthew Kelly, program manager, V-22 Joint Program Office (PMA-275). 'We are excited to see the capability, commonality and readiness improvements these CC-RAM aircraft bring to the fleet as part of the Marine Corps' V-22 readiness program.'

As a block 'B' configuration, this MV-22 was originally delivered to the fleet in 2005. In 2018, the aircraft flew from Marine Corps Air Station New River to the Boeing Philadelphia facility for modernization.

'This milestone marks the beginning of an Osprey evolution,' said Kristin Houston, vice president, Boeing Tiltrotor Programs and director, Bell Boeing V-22 Program. 'Through a shared focus on safety and quality, the Bell Boeing team is delivering modernized MV-22 aircraft that are ready to serve our dedicated servicemen and women who rely on this essential aviation resource.'

The next CC-RAM delivery is expected in early 2020.

'We look forward to having the remaining MV-22 block 'B' aircraft rejoin the fleet in a block 'C' configuration,' said Kelly.

In November 2019, the U.S. Navy awarded Bell Boeing $146,039,547 to upgrade nine additional MV-22 aircraft under the CC-RAM program, with work expected to be completed in March 2022.

For more information on Defense, Space & Security, visit www.boeing.com. Follow us on Twitter: @BoeingDefense and @BoeingSpace.

# # #

Contact:

Kelsey Swanson
Defense, Space & Security
Office: +1 610-591-1990
Mobile: +1 610-379-6191
kelsey.a.swanson@boeing.com

Jay Hernandez
Bell
Mobile: +1 817-280-1949
jhernandez09@bellflight.com

Disclaimer

The Boeing Company published this content on 10 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2019 20:05:06 UTC

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Financials (USD)
Sales 2019 80 380 M
EBIT 2019 1 872 M
Net income 2019 -149 M
Debt 2019 19 548 M
Yield 2019 2,48%
P/E ratio 2019 115x
P/E ratio 2020 21,6x
EV / Sales2019 2,51x
EV / Sales2020 1,91x
Capitalization 182 B
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Mean consensus HOLD
Number of Analysts 24
Average target price 349,86  $
Last Close Price 323,05  $
Spread / Highest target 36,2%
Spread / Average Target 8,30%
Spread / Lowest Target -19,5%
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Managers
NameTitle
David L. Calhoun President, Chief Executive Officer & Director
Lawrence W. Kellner Non-Executive Chairman
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Corporate Development & Strategy
Theodore Colbert Executive Vice President
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