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  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Britain's Cobham takes $206 million charge to settle Boeing dispute

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/19/2019 | 02:55am EDT
FILE PHOTO: The Boeing logo is pictured at the LABACE fair in Sao Paulo

LONDON (Reuters) - British engineer Cobham will take an additional exceptional charge of 160 million pounds ($206 million) to settle a dispute with Boeing over its delayed KC-46 aerial refuelling programme, it said on Tuesday.

Cobham, Britain's third-biggest defence and aerospace group behind Rolls-Royce and BAE Systems, said the charge comprised 86 million pounds relating to settlement of the dispute and 74 million pounds of additional costs to complete the retained KC-46 contract.

Known for its air-to-air refuelling technology, Cobham had been in recovery mode since a string of profit warnings forced it into a rights issue in 2017.

In 2018 that recovery was disrupted by a 40 million pound charge over problems with the Boeing refueling programme, prompting a 10 percent drop in its share price on the day.

Boeing, the world's largest planemaker, had withheld payments over delays.

Cobham said on Tuesday the two sides had now settled the dispute. The Wing Aerial Refuelling Pod programme is now expected to complete around the middle of 2020, with associated flight tests expected to start in the first half of 2019.

The 74 million pounds reflects the costs of the revised schedule and the risks of getting it completed.

(Reporting by Kate Holton; Editing by Alistair Smout and David Goodman)

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 4.50% 377.36 Delayed Quote.11.97%
COBHAM PLC 1.28% 119.15 Delayed Quote.21.93%
ONE STOP SYSTEMS INC -1.21% 1.63 Delayed Quote.-15.98%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING COMPANY (THE)
07/20Ryanair Irish pilot union to decide on strike ballot next week
RE
07/19Wall Street falls as Fed signals smaller rate cut
RE
07/19BOEING : and Korean Air Finalize Order for 20 787 Dreamliner Airplanes
PU
07/19MARKET SNAPSHOT: Stocks Close Lower As Fed Seen Signaling Only Modest Rate Cu..
DJ
07/19BOEING : 50 Years Later, Mercury Engineers Remember Apollo 11
PU
07/19LONDON STOCK EXCHANGE : Fed signals help FTSE 100 brush off Italy woes, buyout s..
RE
07/19Microsoft Showing DJIA's Second-Largest Gains Friday
DJ
07/19TODAY'S LOGISTICS REPORT : Raising Railroad Efficiency; Bulking Up Rates; Amazon..
DJ
07/19GLOBAL MARKETS LIVE : T-Mobile, Sprint, Boeing, AB InBev…
07/19HEXCEL : HexAM Additive Manufacturing Approved by Boeing for Commercial Aircraft..
AQ
More news
Financials (USD)
Sales 2019 94 664 M
EBIT 2019 10 588 M
Net income 2019 9 084 M
Debt 2019 10 100 M
Yield 2019 2,11%
P/E ratio 2019 24,0x
P/E ratio 2020 15,1x
EV / Sales2019 2,35x
EV / Sales2020 1,77x
Capitalization 212 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
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 417,91  $
Last Close Price 377,36  $
Spread / Highest target 32,5%
Spread / Average Target 10,7%
Spread / Lowest Target -20,5%
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)11.97%212 314
AIRBUS SE56.62%114 738
TEXTRON6.22%11 438
DASSAULT AVIATION0.99%11 399
EMBRAER-10.98%3 800
AVIC HELICOPTER CO LTD11.46%3 565