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

BOEING COMPANY (THE)

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Boeing signals end of 747 jumbo jet - sources

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07/04/2020 | 06:08am EDT

Boeing has signalled the end for the 747 jumbo jet.

That's according to sources speaking Friday (July 3).

They said the planemaker and its suppliers set the final number of parts it would need for the 747 program at least a year ago.

The plane helped democratize global air travel in the 1970s and celebrated its 50-year flying anniversary in 2019.

But Boeing's so-called 'Queen of the Skies' fell behind modern twin-engine aircraft in more recent years.

The program has seen falling orders and pricing pressures.

The virus outbreak also crushed passenger travel and demand for new jets.

A cargo market boom fuelled by online shopping kept the plane alive during the last few years...just about.

The last order for a passenger version came in 2017.

That when the U.S. government asked Boeing to repurpose two jetliners for use as Air Force One by the President.

Boeing has refused to confirm whether it is ending the 747 program.

If it goes ahead it could mean charges and layoffs for stopping production at its wide-body plant outside Seattle.

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Financials (USD)
Sales 2020 62 864 M - -
Net income 2020 -4 278 M - -
Net Debt 2020 39 665 M - -
P/E ratio 2020 -23,8x
Yield 2020 0,73%
Capitalization 101 B 101 B -
EV / Sales 2020 2,23x
EV / Sales 2021 1,58x
Nbr of Employees 161 100
Free-Float 55,7%
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Mean consensus HOLD
Number of Analysts 23
Average target price 186,50 $
Last Close Price 178,08 $
Spread / Highest target 51,6%
Spread / Average Target 4,73%
Spread / Lowest Target -38,2%
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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