"Weekly News Roundup: Boeing Co. (NYSE:BA)
Categories: Roundups
Posted on 19 February 2011 by Felice Medders
Here’s a round-up of Boeing Co. (NYSE:BA) stock briefings from this week. Boeing Co. (NYSE:BA) stocks ended the week at 73.04 (as of 2/18/2011).
Weekly News Roundup: Boeing Co. (NYSE:BA)
Monday 14 February
Boeing (NYSE:BA) has planned to introduce a new 747-8 intercontinental.
A report says that Boeing (NYSE:BA) will introduce its largest passenger plane ever.
The plane will use the chassis of a 747-8 Intercontinental, which initially came out as a freighter. The new plane is capable of seating 467 passengers, 51 more than the 747-400. It is also being reported that Boeing (NYSE:BA) got only 33 orders for the new plane.
However, Boeing (NYSE:BA revealed that the new 747-8 intercontinental will be quieter and will produce lower emissions and achieve better fuel economy than any other competing jetliner.
Tuesday 15 February
Boeing (NYSE:BA) has unveiled its new 747-8 Intercontinental passenger plane.
In the presence of 10,000 employees, government officials, customers, partners and suppliers, Boeing (NYSE:BA) company has rolled out new larger and more fuel-efficient version of its famous 747 series aircrafts.
Jim Albaugh , President and CEO of Boeing (NYSE:BA) Commercial Airplanes, said, “the aircraft “features the latest in innovative technologies—applying many of the breakthroughs also found on the 787 Dreamliner. We think our customers will value the low operating costs and passengers will enjoy the comfort of the striking new interior.”
Boeing Co.
73.04 +0.80 (+1.11%)
Intraday 3 Month 6 Month 1 Year
Wednesday 16 February
Boeing (NYSE:BA) has plans to increase the number of sales of 777 aircrafts.
Boeing (NYSE:BA) has planned to raise its 777 production from five to seven planes a month in the middle of this year and then to 8.3 a month in the first quarter of 2013.
Larry Loftis, the vice president and general manager of the 777 program at Boeing (NYSE:BA) said that, “The 777 today clearly is the market leader in the 300- to 400-passenger-seat marketplace. We’re going to continue to make sure that it stays that way.”
Thursday 17 February
Boeing (NYSE:BA) has completed the post-launch testing of the LightSquared satellite.
Boeing (NYSE:BA) is preparing to launch the first LightSquared satellite and Space-Based Network after the post-launch testing has been completed. The LightSquared SBN is an end-to-end satellite communications system that will prove Boeing’s (NYSE:BA) performance on large-scale integration programs.
‘Boeing (NYSE:BA) has delivered LightSquared’s SkyTerra 1 satellite after integrating the satellite’s communications with the ground segment to form the first integrated wireless broadband and satellite network,’ said Craig Cooning, vice president and general manager of Boeing (NYSE:BA)Space & Intelligence Systems.
Friday 18 February
Boeing (NYSE:BA) has accepted LightSquared’s SkyTerra 1 Satellite and the Space-Based Network.
Seeing the positive results of the post-launch test, Boeing (NYSE:BA) Space and Intelligence Systems has adopted LightSquared’s Skyterra 1 satellite and the accompanying Space-Based Network.
Boeing (NYSE:BA) has completed the integration work on the satellite’s communications with the ground segment.
The SkyTerra 1, one of the most powerful commercial satellites ever built, consists of a 22-meter L-Band antenna that will relay high-data rate radio frequency signals to and from four LightSquared terrestrial gateways located in the U.S. and Canada.
“The acceptance of our SkyTerra 1 satellite and successful network commissioning is a quantum leap forward toward creation of LightSquared’s next-generation integrated network, the world’s first to combine satellite and terrestrial technologies,” said Sanjiv Ahuja, chairman and chief executive officer for LightSquared.
We will be monitoring the Boeing Co. stock price for developments over the next few weeks."
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