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BOEING COMPANY (THE)

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Boeing : FAA chief has no timetable for ungrounding Boeing 737 MAX

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05/22/2019 | 07:56pm EDT
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton

FORT WORTH, Texas (Reuters) - The acting head of the Federal Aviation Administration said on Wednesday he does not have a specific timetable for when the agency may unground the Boeing 737 MAX that has been involved in two fatal crashes since October.

"I'm not tied to a timetable," Dan Elwell told reporters ahead of a meeting planned for Thursday with more than 30 international air regulators including China, the European Union and Canada. He said he plans to share the FAA's safety analysis to date on Thursday, but said the agency is still waiting Boeing's formal software upgrade and emphasized the FAA has not decided on the revised training requirements.

(Reporting by David Shepardson; Editing by Alistair Bell)

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Financials ($)
Sales 2019 101 B
EBIT 2019 11 272 M
Net income 2019 9 805 M
Debt 2019 5 898 M
Yield 2019 2,25%
P/E ratio 2019 20,98
P/E ratio 2020 14,53
EV / Sales 2019 2,03x
EV / Sales 2020 1,69x
Capitalization 199 B
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 421 $
Spread / Average Target 19%
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Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Corporate Development & Strategy
Theodore Colbert Chief Information Officer & SVP-Data Analytics
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
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