Sign In
Search
Business/Financial

Pension Expense Weighs On Boeing’s Earnings But Outlook Raised On Strong Performance

Defense Daily Staff Defense Daily Staff
SHARE:

Boeing [BA] yesterday reported a drop in net income despite a double-digit increase in sales in its third quarter as higher pension expense offset an otherwise strong performance at the company. Despite the lower net income, Boeing raised its earnings and sales guidance for 2012 given a strong performance so far this year and a bright outlook, said Jim McNerney, Boeing’s chairman, president and CEO. Net income slipped 6 percent to just over $1 billion, $1.35 earnings per share (EPS),…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Still Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit

International

State Department Approves Sales Of Three P-8A Poseidon Aircraft To Denmark, Training And Logistics Support To Poland

Homeland Security

Coast Guard Awards $3.3 Billion In Polar Icebreaker Contracts To Bollinger And Rauma

Air Force

Boeing Awarded $8.6 Billion Deal To Build Israel’s New F-15IA Fighter Jets

Trending

Still Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit
Coast Guard Awards $3.3 Billion In Polar Icebreaker Contracts To Bollinger And Rauma
Boeing Awarded $8.6 Billion Deal To Build Israel’s New F-15IA Fighter Jets
Tory Bruno Hops From ULA, Skips To Blue Origin
Lockheed’s Venture Arm Invests In Battery Technology Company South 8

Contract Updates

Hartech Group LLC (New Port Richey, Florida) – $10,153,033

Hartech Group LLC, New Port Richey, Florida, has been awarded a maximum $10,153,033 firm-fixed-price contract for three high precision jig grinders with Fanuc controllers. This was a sole-source acquisition using justification 10 U.S. Code 3204 (c)(1), as stated in Federal…

Lockheed Martin Space (Sunnyvale, California) – $142,621,543

Lockheed Martin Space, Sunnyvale, California, is being awarded a $142,621,543 noncompetitive, cost-plus-incentive-fee, cost-plus-fixed-fee, and firm-fixed-price contract modification (P00073) under a Foreign Military Sales (FMS) case to the United Arab Emirates (UAE). The total value of the contract increased to $876,747,896.…

Amentum Services (Chantilly, Virginia) – $10,645,952

Amentum Services, Chantilly, Virginia, was awarded a $10,645,952 cost-no-fee, time-and-materials modification (P00074) to contract W58RGZ-25-C-0004 to provide global aviation maintenance services. The modification brings the total cumulative face value of the contract to $158,855,989. Work will be performed in Schofield…

General Electric Co. (Lynn, Massachusetts) – $26,950,000

General Electric Co., Lynn, Massachusetts, was awarded a $26,950,000 cost-plus-incentive-fee modification (P00100) to contract W58RGZ-19-C-0003 to support the engineering and manufacturing development of the improved turbine engine. The modification brings the total cumulative face value of the contract to $862,954,255.…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume