Boeing Loses Out in Cathay Pacific Freighter Deal to Airbus

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Boeing Company ($NYSE:BA), the world’s largest aerospace company and leading manufacturer of commercial jetliners, has been dealt a blow recently as Cathay Pacific is reported to be favoring Airbus in their upcoming freighter deal. The decision to move away from Boeing for this deal is clearly a matter of cost, as Cathay Pacific will be expected to make significant savings on the deal. This latest development comes at a time when Boeing is already struggling. This recent loss to Airbus is an extra setback that the company will no doubt be keen to make up for in the future.

Market Price

This caused Boeing’s stock to open at $222.0 and close at $222.4, up by 1.4% from prior closing price of 219.3. This comes as a major disappointment for the aviation giant who had been expecting the lucrative deal. However, this does not seem to have made much of a dent in the company’s overall performance as its share prices were still up by 1.4%. Despite the loss, Boeing is still in strong contention for other commercial freighter deals in the aviation sector. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Boeing Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Boeing Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Boeing Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Boeing Company are shown below. More…

Analysis

At GoodWhale, we conducted an analysis of BOEING COMPANY‘s financials. According to our Star Chart, the company is strong in operations, medium in assets and profitability and weak in dividends and growth. We classified BOEING COMPANY as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. We believe this type of company may be attractive to investors who are seeking fast-growth companies and are comfortable with the increased risk that may be associated with them. In addition, BOEING COMPANY has an intermediate health score of 4/10 with regard to its cashflows and debt, which suggests that they may be able to sustain future operations in times of crisis. More…

Peers

Boeing Co is one of the world’s leading aerospace companies. It designs, manufactures, and services commercial jetliners, military aircraft, satellites, and launch systems. Boeing Co competes with other aerospace companies, such as Raytheon Technologies Corp, Triumph Group Inc, and Hexcel Corp.

– Raytheon Technologies Corp ($NYSE:RTX)

Raytheon Technologies Corporation is an American aerospace and defense company formed in 2020 by the merger of Raytheon Company and the United Technologies Corporation. Raytheon Technologies is the second-largest aerospace and defense company in the United States by sales and employs 172,000 people worldwide. The company produces a wide array of products for the military, including missiles, aircraft, radar, and electronic warfare systems. Raytheon Technologies is also a major supplier of commercial aerospace products and services, including aircraft engines, avionics, and aerostructures.

– Triumph Group Inc ($NYSE:TGI)

Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls, and distributes aircraft components worldwide. The company operates in three segments: Aerospace Systems, Aftermarket Services, and Composite Structures. It offers aircraft and engine-related structural components, including airframe-related wing components, fuselage structures, empennages, nacelles, and interiors; and engine-related components comprising turbine engine fuel nozzles and vanes, as well as related aftermarket services. The company also produces composite aircraft structures, such as floor beams, interior panels,lavatory modules, fairings, vertical stabilizers, nacelle leading edges and trailing edges, pylons, radomes, floor panels, and winglets for the commercial, military, and business jet markets. In addition, it offers metal bonding capabilities for aluminum and titanium aircraft structures. The company serves original equipment manufacturers of commercial, regional, business, and military aircraft, engines, and other aerospace-related systems, as well as their subcontractors. Triumph Group, Inc. was founded in 1993 and is headquartered in Berwyn, Pennsylvania.

Triumph Group has a market cap of 599.03M as of 2022 and a ROE of -8.78%. The company designs, engineers, manufactures, repairs and overhauls aircraft components worldwide. It operates in three segments: Aerospace Systems, Aftermarket Services and Composite Structures. The company serves original equipment manufacturers of commercial, regional, business and military aircraft, engines and other aerospace-related systems.

– Hexcel Corp ($NYSE:HXL)

Hexcel Corp is a leading global provider of advanced composite materials and products, serving the aerospace, defense, space, and industrial markets. The company has a market cap of 4.7B as of 2022 and a Return on Equity of 7.11%. Hexcel Corp is a leading global provider of advanced composite materials and products, serving the aerospace, defense, space, and industrial markets.

Summary

Boeing Company (NYSE: BA) is a leading aerospace and defense firm, providing commercial aircraft, military airplanes, satellites, defense systems, and helicopters to customers worldwide. Recent analysis of the stock suggests that BA is a strong buy for investors. Other analysts have forecasted the company’s earnings are expected to increase over the next five years, driven by growing demand for its commercial aircraft and services.

Moreover, Boeing has secured a number of large contracts with international airlines and the U.S. government, boosting its revenue outlook over the long-term. With strong fundamentals and a favorable business outlook, Boeing remains a solid long-term investment opportunity.