Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

BOEING COMPANY (THE)

(BA)
  Report  
Delayed Quote. Delayed Nyse - 08/16 04:00:42 pm
330.45 USD   +0.75%
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Boeing drops Embraer name from Brazil commercial jet division

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/23/2019 | 04:49pm EDT
FILE PHOTO: The Embraer logo is seen during the LABACE fair in Sao Paulo

SAO PAULO (Reuters) - Boeing Co on Thursday said that after taking over Brazilian planemaker Embraer SA's passenger jet unit, it will call the division Boeing Brasil - Commercial, dropping one of Brazil's most iconic company names.

The name change comes after Boeing agreed to pay $4.2 billion to buy 80% of Embraer's operation making passenger jets with fewer than 150 seats. Embraer will retain a 20% stake. That division is still Embraer's most profitable and considered a gold standard of Brazilian engineering.

Boeing has not made a decision yet about whether to rebrand the small and mid-sized planes, which currently carry the Embraer name followed by a model code.

The new corporate name underscores a realignment of the global aerospace industry in which two dominant manufacturers - Boeing and Airbus SE - strengthened their duopoly in the $150 billion jet market by absorbing weaker challengers.

After Airbus SE took a controlling stake in the CSeries division of Bombardier Inc, which competes directly with Embraer's commercial jets, it rebranded the planes Airbus A220, in line with the branding of other Airbus planes.

The twin takeovers effectively halted the aerospace ambitions of Canada and Brazil and left China as the main threat to the transatlantic duopoly, with Russia and Japan making slower inroads, analysts said.

The Embraer name holds special meaning in Brazil, evoking its founding in 1969 as a state-run company that grew into a national champion and was privatized in 1994. Embraer is short for Empresa Brasileira de Aeronáutica or Brazilian Aeronautics Company.

After the deal with Boeing, Embraer will still exist as a company focused on executive jets and defense. The deal with Boeing has been approved by shareholders but is still waiting on regulatory approval.

(Reporting by Marcelo Rochabrun; Editing by Brad Haynes and Cynthia Osterman)

By Marcelo Rochabrun

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 0.75% 330.45 Delayed Quote.1.71%
EMBRAER S.A. -0.28% 18 End-of-day quote.-16.74%
EURO / BRAZILIAN REAL (EUR/BRL) 0.26% 4.4388 Delayed Quote.-0.07%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING COMPANY (THE)
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16AIR LEASE : Vietnam Airlines Flies Its First Boeing 787-10 Dreamliner; Vietnames..
AQ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16THE FOUR-SECOND CATASTROPHE : How Boeing Doomed -3-
DJ
08/16THE FOUR-SECOND CATASTROPHE : How Boeing Doomed -2-
DJ
08/16THE FOUR-SECOND CATASTROPHE : How Boeing Doomed the 737 MAX
DJ
08/16AIR LEASE : Vietnam Airlines Flies Its First Boeing 787-10 Dreamliner; Vietnames..
AQ
08/15GE shares fall on Madoff whistleblower calling its finances a fraud
RE
More news
Financials (USD)
Sales 2019 85 446 M
EBIT 2019 4 136 M
Net income 2019 3 378 M
Debt 2019 11 625 M
Yield 2019 2,41%
P/E ratio 2019 56,6x
P/E ratio 2020 13,7x
EV / Sales2019 2,31x
EV / Sales2020 1,57x
Capitalization 186 B
Chart BOEING COMPANY (THE)
Duration : Period :
Boeing Company (The) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BOEING COMPANY (THE)
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 418,86  $
Last Close Price 330,45  $
Spread / Highest target 51,3%
Spread / Average Target 26,8%
Spread / Lowest Target -12,2%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
BOEING COMPANY (THE)1.71%184 569
AIRBUS SE46.52%105 669
DASSAULT AVIATION-0.91%10 892
TEXTRON-5.72%9 978
AVIC HELICOPTER CO LTD17.02%3 667
EMBRAER S.A.-16.74%3 309