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

BOEING COMPANY (THE)

(BA)
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Boeing : Partners with Vertex Aerospace to Provide Landing Gear Overhaul Service to Global Customers

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10/22/2019 | 10:05am EST

LAS VEGAS, Oct. 22, 2019 - Boeing (NYSE: BA) announced a partnership with Vertex Aerospace to provide customers who own Beechcraft airplanes a new flat-fee, 21-day door-to-door solution for landing gear overhaul services through its Aviall global distribution system.

'Safe, reliable and available aircraft parts are a must for any aircraft owner,' said William Ampofo, vice president of Business, General Aviation & OEM Services, Boeing Global Services. 'By partnering with companies like Vertex, our Aviall operation can efficiently bring overhaul services directly to the customer, allowing their aircraft to be fully operational, anywhere across the globe.'

This new capability will expand beyond Beechcraft landing gear, providing customers with quick door-to-door shipping, maintenance and ship back for parts across a variety of business and general aviation aircraft on a flat-fee pricing structure.

'Partnering with Boeing's Aviall team for an advanced distribution system strengthens our ability to provide quality services to customers when they need it, wherever they need it,' said Ed Boyington, president and CEO of Vertex Aerospace. 'When you do business with Vertex and Aviall, you're choosing a team with a long-standing tradition of success and value.'

Vertex Aerospace offers a global capability and complete solution for aftermarket aerospace services for government and commercial customers. The Company's international presence and vast range of services has distinguished it from competitors for over 44 years. The Mississippi-based Company operates in over 100 locations worldwide and is proud to have a 50 percent veteran employee rate. Information about Vertex can be found at vtxaero.com.

Boeing is the world's largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As the top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

###

Contact
Rafael Gonzalez
Boeing Communications
Mobile: +1 314-709-7052
rafael.d.gonzalez2@boeing.com

Rachel Henson
Vertex Aerospace Communications
Phone: +1 601-760-9297
Rachel.c.henson@vtxaero.com

Disclaimer

The Boeing Company published this content on 22 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2019 14:04:02 UTC

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Financials (USD)
Sales 2019 80 580 M
EBIT 2019 2 006 M
Net income 2019 1 851 M
Debt 2019 17 249 M
Yield 2019 2,15%
P/E ratio 2019 129x
P/E ratio 2020 16,5x
EV / Sales2019 2,81x
EV / Sales2020 1,76x
Capitalization 209 B
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 386,64  $
Last Close Price 371,68  $
Spread / Highest target 40,2%
Spread / Average Target 4,02%
Spread / Lowest Target -22,0%
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Managers
NameTitle
Dennis A. Muilenburg President, Chief Executive Officer & Director
David L. Calhoun Non-Executive Chairman
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Corporate Development & Strategy
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
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