Boeing’s first quarter earnings release this week offered generally clear skies, with a strong tailwind from its commercial operations. The world’s largest aerospace / defense company delivered 161 aircraft in the first three months of 2014, decidedly trumping Airbus’ 141 deliveries in the same period.
In recent years there has been a flurry of consolidation via acquisitions within the Healthcare Information Technology (“HIT”) space. As mentioned in a previous post, Trending Towards Healthcare, billions of dollars annually are spent under various contracts to address HIT high priority initiatives (e.g., technology integration into day-to-day activities and security breach mitigation).
According to a new Department of Defense report this week, the price tag for Lockheed Martin’s F-35 Joint Strike Fighter, the Pentagon’s most expensive weapons acquisition program, increased by $7.4 billion in 2013.
Aviation maintenance, repair, and overhaul (“MRO”) providers convened at MRO Americas, the industry’s marquee conference, in Phoenix this past week. Analysts speaking at the conference stated their predictions that the overall North American MRO market will face a constrained growth environment over the next decade.
This week, select U.S. military service groups sent Congress “wish lists”, called unfunded priorities or unfunded requirements, totaling approximately $36 billion in value of priority items that were not included in the Pentagon’s 2015 budget proposal.
In a decision that has been closely watched following Japan Airlines’ controversial decision to order Airbus A350s replacing its current fleet of Boeing 777 aircraft, Japan’s All Nippon Airways (“ANA”) announced this week it has opted for 20 of Boeing’s 777-9X to replace most of the international components of its current 777 fleet.
The U.S. credit rating was affirmed at the top-notch triple-A level with a stable outlook this week by Fitch Ratings. This affirmation negates the “rating watch negative” the firm placed on the country’s ratings back in October.
Boeing announced the discovery of hairline cracks in the wings of an estimated 43 787 Dreamliners in production, which will likely delay deliveries to airlines by at least a few weeks.