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

BOEING COMPANY (THE)

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Boeing : FAA seeks to fine Boeing $3.9 million for faulty jet parts

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12/06/2019 | 05:07pm EST

Safety regulators want to fine Boeing nearly $4 million, saying that the company installed critical wing parts on 133 planes even though it knew the parts were faulty.

The Federal Aviation Administration announced the proposed civil penalty on Friday.

The FAA action covers parts on Boeing 737s known as slat tracks, which sit at the front edge of a plane's wings and guide the movement of panels called slats. The slats help give planes more lift during takeoffs and landings.

The FAA said the tracks were made brittle during a process in which they received a coating of cadmium and titanium, and that suppliers notified Boeing of the problem. Boeing still submitted the planes for FAA flight approval even after deciding that the slat tracks “could not be used due to a failed strength test,” according to an FAA statement.

Chicago-based Boeing did not immediately respond to a request for comment. The company has 30 days to respond to the FAA.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2019 80 451 M
EBIT 2019 1 942 M
Net income 2019 -287 M
Debt 2019 19 548 M
Yield 2019 2,61%
P/E ratio 2019 108x
P/E ratio 2020 20,2x
EV / Sales2019 2,40x
EV / Sales2020 1,83x
Capitalization 174 B
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 23
Average target price 349,85  $
Last Close Price 309,00  $
Spread / Highest target 42,4%
Spread / Average Target 13,2%
Spread / Lowest Target -11,0%
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-Corporate Development & Strategy
Theodore Colbert Executive Vice President
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