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

BOEING COMPANY (THE)

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Boeing : FAA chief called before Senate to testify about Boeing plane

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06/02/2020 | 06:55pm EDT

WASHINGTON — The nation’s top aviation regulator is going back to Capitol Hill to explain the government’s oversight of the Boeing 737 Max, which remains grounded after two deadly crashes.

The Senate Commerce Committee said Tuesday that Federal Aviation Administration chief Stephen Dickson will appear before the panel June 17.

Committee Chairman Roger Wicker, R-Ala., introduced legislation Tuesday that would direct the FAA to reconsider assumptions it makes about how quickly pilots respond to warning signs. The measure would also require the FAA to review its own ability to understand new technology in highly automated modern planes.

Max planes have been grounded worldwide since March 2019 after 346 people were killed in crashes in Indonesia and Ethiopia. The FAA has come under scrutiny for its reliance on Boeing employees to test and approve critical systems, including the flight-control software that played a role in both Max crashes.

In March, Democrats on a House committee investigating Boeing accused the FAA of poor oversight of the Chicago-based company. They said Boeing had too much influence over the FAA, and that agency managers had rejected safety concerns raised by their own technical experts.

Boeing recently resumed production of the Max after a year-long pause. However, the FAA has not yet approved changes Boeing has made to software and computers on the plane.

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2020 67 413 M - -
Net income 2020 -1 417 M - -
Net Debt 2020 34 066 M - -
P/E ratio 2020 -67,9x
Yield 2020 0,68%
Capitalization 102 B 102 B -
EV / Sales 2019
EV / Sales 2020 2,02x
Nbr of Employees 161 100
Free-Float 55,6%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 189,59 $
Last Close Price 180,81 $
Spread / Highest target 55,4%
Spread / Average Target 4,86%
Spread / Lowest Target -39,2%
EPS Revisions
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-Enterprise Performance & Strategy
Theodore Colbert Executive Vice President
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