Karl Sinclair

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Natilus: Composite BWB, entry-into-service by 2029, 570 on order

1 week ago | leehamnews.com | Karl Sinclair |Scott Hamilton

Subscription RequiredBy Karl SinclairApril 17, 2025, © Leeham News: California-based Natilus is on target to begin delivering its first aircraft for service in 2029, a Blended Wing Body (BWB) turboprop cargo aircraft, according to CEO Aleksey Matyushev. The pusher-type cargo aircraft Kona will soon be followed by a larger turbofan passenger version, the Horizon, in the early 2030s.
Boeing CFO Brian West: OK on tariffs for now, backlogs and inventories help

1 month ago | leehamnews.com | Karl Sinclair |Scott Hamilton |Brian West |Ron Epstein

By Karl SinclairMarch 20, 2025, © Leeham News: Boeing (BA) Executive Vice President and Chief Financial Officer (CFO) Brian West, was optimistic about Boeing’s path for recovery and appeared unworried about any near-term impacts of tariffs imposed by President Trump on aluminum and steel during an appearance yesterday at the Bank of America Global Industrials Conference.
Boeing 2024 Proxy Statement: Executive Compensation includes retirement gifts for Calhoun, Deal; housing support for Ortberg, Pope, and other stuff - Leeham News and Analysis

1 month ago | leehamnews.com | Karl Sinclair |Scott Hamilton |David Calhoun |Kelly Ortberg

Subscription RequiredBy Karl SinclairMarch 17, 2025, © Leeham News: Boeing’s top executives on average earn 81 times more money than the average company employee, the 2024 Proxy Statement reveals. And in addition to the usual perks that top executives received, the exit packages for former corporate CEO David Calhoun and the CEO of Boeing Commercial Airplanes, Stan Deal, included unidentified retirement gifts. Deal, 61, received outplacement and unspecified transitional compensation.
Leeham News and Analysis

1 month ago | leehamnews.com | Karl Sinclair |Scott Hamilton

Subscription RequiredBy Karl SinclairMarch 13, 2025, © Leeham News: Boeing should take note. In fairly short order, engine OEM Rolls-Royce (RR), under the stewardship of CEO Tufan Erginbilgic, has turned the corner. The company put a very rough stretch of road behind it. Once described as a “burning platform” by the CEO, it has been turned into a cash-making machine. The company is now planning a £1bn share buyback purchase in 2025.
Boeing and Airbus: A financial comparison

1 month ago | leehamnews.com | Karl Sinclair |Scott Hamilton

Subscription RequiredBy Karl SinclairMarch 3, 2025, © Leeham News: "It was the best of times, it was the worst of times,” famously wrote Charles Dickens in the opening of A Tale of Two Cities. Boeing 737 MAX. Credit: Boeing. Indeed, the financial results may indicate that neither Airbus (AB) nor Boeing (BA) are going through the best of times. However, one corporation clearly weathered 2024 better than the other.
ATI 2024 results beat low expectations

2 months ago | leehamnews.com | Karl Sinclair |Scott Hamilton

By Karl SinclairFeb. 4, 2025, © Leeham News: “Expectations were low for ATI after a mix of operational and timing issues weighed on results in 3Q2024,” wrote the aerospace analyst for JP Morgan. “So a solid beat in the quarter and a better than feared guide was enough to drive significant out-performance on the day.
Boeing Deferred Production Costs: $39bn since 2019 MAX grounding, $22bn for 737

2 months ago | leehamnews.com | Karl Sinclair |Scott Hamilton

By Karl SinclairFeb. 04, 2025, © Leeham News: The Boeing Company (BA) released its 2024 FY Annual Report this week and as expected, it was awash with red ink. On the Jan. 28, 2025, earnings call, CFO Brian West had this to say, in reference to a question regarding the inventory build-up:“In terms of the inventory, we’ve got $87.5bn worth of inventory in the company right now….
Boeing FY 2024: Capital raise, debt, order cash advances helped Boeing avoid running out of cash in 4Q

2 months ago | leehamnews.com | Karl Sinclair |Scott Hamilton |Brian West

Subscription RequiredBy Karl SinclairNote: Boeing has not released its Securities and Exchange Commission filing (10-K) for the full year. Much of the analysis contained herein is based on press releases and previously filed statements, exact figures being unavailable and noted as such. A section of the analysis will also be based upon comments by CEO Kelly Ortberg and CFO Brian West, taken from the Jan. 28 earnings call.
Ortberg sees path with FAA for returning to full rate 737 production

2 months ago | leehamnews.com | Karl Sinclair |Scott Hamilton |Kelly Ortberg

By Karl SinclairJan. 28, 2025, © Leeham News: Boeing’s CEO Kelly Ortberg, now five months into his job, painted an encouraging picture of the company’s path to recovery in an appearance on the financial news network CNBC before the 2024 full-year earnings call. Ortberg said there is a path for Boeing Commercial Airplanes to win approval from the Federal Aviation Administration (FAA) to return this year to a production rate of 38/mo for the 737 MAX. This is the rate before the Jan.
Boeing: 2024 Earnings-another bad, bad year

2 months ago | leehamnews.com | Karl Sinclair |Scott Hamilton

By Karl SinclairJan. 28, 2025, © Leeham News: The Boeing Company (BA) reported its full-year 2024 fiscal results today and it went pretty much as expected: it was another bad, bad year.