The Boeing Co. (BA) Q3 2019 Earnings Call
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August 2008 | Volume VII, Issue IV www.boeing.com/frontiers The Weapons Program team at Boeing is reinventing itself to better meet emerging warfighter needs. August 2008 Volume VII, Issue IV BOEING FRONTIERS ON THE COVER: Mike Dour performs final-assembly tasks on a Small Diameter Bomb in St. Charles, Mo. RICHARD RAU PHOTO COVER STORY RICHARD RAU PHOTO BULLSEYE | 12 Otis Stith uses ergonomic handling equipment to move a Joint Direct Attack Munition tailkit from the St. Charles, Mo., assembly line to the packaging area. He’s a member of the newly formed Weapons Programs organization, which is reinventing itself to better meet warfighter needs and deliver even greater capabilities to U.S. and allied forces. FEATURE STORY | 50 Rich history, strong future Turkey reveres its storied past as it moves confidently into a technologically capable, global future. With 65 percent of its population age 34 and under, the country is working to develop a tech-savvy work force. That’s important to Boeing, which is undertaking a cross-enterprise approach to doing business in this market—the home to customers in both the commercial and defense segments. BOEING FRONTIERS AUGUST 2008 3 Contents BOEING FRONTIERS A clean handoff | 22 In July, the first P-8A Poseidon achieved “factory complete” status as workers at the Boeing Commercial Airplanes factory in Renton, Wash., rolled it off the moving assembly line. Now, Integrated Defense Systems teammates will com- plete systems integration and functional checks. A load of assistance | 27 Boeing Commercial Airplanes’ structures engineer- ing team was spread thin supporting several development programs. -
Aviation Week & Space Technology
STARTS AFTER PAGE 34 Using AI To Boost How Emirates Is Extending ATM Efficiency Maintenance Intervals ™ $14.95 JANUARY 13-26, 2020 2020 THE YEAR OF SUSTAINABILITY RICH MEDIA EXCLUSIVE Digital Edition Copyright Notice The content contained in this digital edition (“Digital Material”), as well as its selection and arrangement, is owned by Informa. and its affiliated companies, licensors, and suppliers, and is protected by their respective copyright, trademark and other proprietary rights. Upon payment of the subscription price, if applicable, you are hereby authorized to view, download, copy, and print Digital Material solely for your own personal, non-commercial use, provided that by doing any of the foregoing, you acknowledge that (i) you do not and will not acquire any ownership rights of any kind in the Digital Material or any portion thereof, (ii) you must preserve all copyright and other proprietary notices included in any downloaded Digital Material, and (iii) you must comply in all respects with the use restrictions set forth below and in the Informa Privacy Policy and the Informa Terms of Use (the “Use Restrictions”), each of which is hereby incorporated by reference. Any use not in accordance with, and any failure to comply fully with, the Use Restrictions is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum possible extent. You may not modify, publish, license, transmit (including by way of email, facsimile or other electronic means), transfer, sell, reproduce (including by copying or posting on any network computer), create derivative works from, display, store, or in any way exploit, broadcast, disseminate or distribute, in any format or media of any kind, any of the Digital Material, in whole or in part, without the express prior written consent of Informa. -
In the Court of Chancery of the State of Delaware
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE THOMAS P. DiNAPOLI, COMPTROLLER OF THE STATE OF NEW YORK, AS ADMINISTRATIVE PUBLIC VERSION HEAD OF THE NEW YORK STATE FILED ON: June 30, 2020 AND LOCAL RETIREMENT SYSTEM, AND AS TRUSTEE FOR THE NEW YORK STATE COMMON RETIREMENT FUND, and FIRE AND POLICE PENSION ASSOCIATION OF COLORADO, Plaintiffs, v. C.A. No. 2020-0465-AGB KENNETH M. DUBERSTEIN, MIKE S. ZAFIROVSKI, ARTHUR D. COLLINS JR., EDWARD M. LIDDY, ADMIRAL EDMUND P. GIAMBASTIANI JR., DAVID L. CALHOUN, SUSAN C. SCHWAB, RONALD A. WILLIAMS, LAWRENCE W. KELLNER, LYNN J. GOOD, ROBERT A. BRADWAY, RANDALL L. STEPHENSON, CAROLINE B. KENNEDY, W. JAMES MCNERNEY JR., DENNIS A. MUILENBURG, KEVIN G. MCALLISTER, RAYMOND L. CONNER, GREG SMITH, J. MICHAEL LUTTIG, GREG HYSLOP, and DIANA L. SANDS, Defendants. and THE BOEING COMPANY, Nominal Defendant. VERIFIED STOCKHOLDER DERIVATIVE COMPLAINT {FG-W0467081.} Plaintiffs Thomas P. DiNapoli, Comptroller of the State of New York, as Administrative Head of the New York State and Local Retirement System, and as Trustee of the New York State Common Retirement Fund, and Fire and Police Pension Association of Colorado, stockholders of The Boeing Company (“Boeing,” the “Company,” or “Nominal Defendant”), bring this action on Boeing’s behalf against the current and former officers and directors identified below (collectively, “Defendants”) arising from their failure to monitor the safety of Boeing’s 737 MAX airplanes. The allegations in this Complaint are based on the knowledge of Plaintiffs as to themselves, and on information and belief, including the review of publicly available information and documents obtained under 8 Del. -
Aviation Week & Space Technology
STARTS AFTER PAGE 38 How AAR Is Solving Singapore Doubles Its Workforce Crisis RICH MEDIA Down on Aviation ™ EXCLUSIVE $14.95 FEBRUARY 10-23, 2020 BRACING FOR Sustainability RICH MEDIA EXCLUSIVE Digital Edition Copyright Notice The content contained in this digital edition (“Digital Material”), as well as its selection and arrangement, is owned by Informa. and its affiliated companies, licensors, and suppliers, and is protected by their respective copyright, trademark and other proprietary rights. Upon payment of the subscription price, if applicable, you are hereby authorized to view, download, copy, and print Digital Material solely for your own personal, non-commercial use, provided that by doing any of the foregoing, you acknowledge that (i) you do not and will not acquire any ownership rights of any kind in the Digital Material or any portion thereof, (ii) you must preserve all copyright and other proprietary notices included in any downloaded Digital Material, and (iii) you must comply in all respects with the use restrictions set forth below and in the Informa Privacy Policy and the Informa Terms of Use (the “Use Restrictions”), each of which is hereby incorporated by reference. Any use not in accordance with, and any failure to comply fully with, the Use Restrictions is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum possible extent. You may not modify, publish, license, transmit (including by way of email, facsimile or other electronic means), transfer, sell, reproduce (including by copying or posting on any network computer), create derivative works from, display, store, or in any way exploit, broadcast, disseminate or distribute, in any format or media of any kind, any of the Digital Material, in whole or in part, without the express prior written consent of Informa. -
Boeing: Sustainability, Environmental Leadership & Innovation
GLOBAL ENVIRONMENT REPORT 2020 Table of Contents Photo above: Boeing delivered 4.5 million units of personal President and CEO Message 1 protective equipment (PPE) and produced more than 40,000 face Leadership Message 2 shields as part of the company’s ongoing COVID-19 airlift efforts Report Summary 3 via Dreamlifters, the cargo carrier from the 787 family. Since the first Air 5 787 entered service in 2011, the 787 Water 15 family has saved more than 48 billion pounds (22 million metric tons) of Land 21 fuel, greatly reducing CO2 emissions. Awards 33 Cover photo: The 777X is the UN Sustainable Development Goals 34 most efficient twin-aisle jet ever developed, featuring a 72-meter Priorities 35 wing span that gives it enormous lift capability while minimizing Industry Analysis 37 drag thanks to its composite wing technology. The innovative wing tip Operating Environment 38 folds to accommodate any airport Environment Strategy 39 gate that today’s 777 serves. Governance 42 Forward-Looking Statements 43 Endnotes 44 TABLE OF CONTENTS MESSAGE FROM OUR PRESIDENT AND CEO At Boeing, we’re committed to environmental leadership—an important pillar of our broader sustainability strategy to help make the world a better place for future generations. Throughout the company, our You can learn more about our people are making ambitious global environmental efforts and strides to protect air, land, water our team members’ passion for and human health in partnership them in the pages of this report. with our stakeholders and in line with our customers’ needs. We have a responsibility to lead You can see examples of our in this area, and you have my progress across our innovative commitment that we will keep products and the conscientious improving for our teams, for our ways we build and service customers and our communities. -
A Case Study on Boeing's 737 MAX Crisis on Account of Leadership Failure
International Journal of Research in Engineering, Science and Management 116 Volume-3, Issue-9, September-2020 journals.resaim.com/ijresm | ISSN (Online): 2581-5792 | RESAIM Publishing A Case Study on Boeing's 737 MAX Crisis on Account of Leadership Failure Subhendu Bhattacharya1*, Y. Nisha2 1Assistant Professor, Department of Management, Amity Global Business School, Mumbai, India 2Associate Professor, Department of Management, Amity Global Business School, Mumbai, India *Corresponding author: [email protected] Abstract: American multinational corporation Boeing is one of recent past. Lion Air Flight 610 that took off from Jakarta, the reputed organizations in the field of aerospace manufacturing. Indonesia crashed into the Java Sea on October 29th, 2018 Since its inception by William Boeing in Seattle, Washington in killing all 189 passengers and crew. About five months hence, July 15th, 1916, it has surpassed several milestones and grown from strength to strength. It started its venture in areas such as Ethiopian Airlines Flight 302 that took off from Addis Ababa, designing and crafting airplanes, rotorcraft, rockets, satellites and Ethiopia crashed near the town of Bishoftu ending lives of all also stepped into production of telecommunications equipment, 157 people aboard on March 10th, 2019. The two horrific missiles and made a mark in every field of operation. It has a incidents sent a shockwave across the aviation industry revered status in Dow Jones Industrial Average and made a worldwide, triggered innumerable investigations and grounded glaring presence in the Fortune Global 500 list. But the global numerous Boeing 737 Max jets globally. Both crashed jets were recognition got eclipsed after fatal crashes in October 2018 and March 2019. -
DERIVATIVE LITIGATION : Consol. CA No. 2019
EFiled: Feb 05 2021 03:53PM EST Transaction ID 66314557 Case No. 2019-0907-MTZ IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE THE BOEING COMPANY : DERIVATIVE LITIGATION : Consol. C.A. No. 2019-0907-MTZ VERIFIED AMENDED CONSOLIDATED COMPLAINT Co-Lead Plaintiffs Thomas P. DiNapoli, Comptroller of the State of New York, as Administrative Head of the New York State and Local Retirement System, and as Trustee of the New York State Common Retirement Fund, and Fire and Police Pension Association of Colorado, stockholders of The Boeing Company (“Boeing,” the “Company,” or “Nominal Defendant”), bring this action on Boeing’s behalf against the current and former officers and directors identified below (collectively, “Defendants”) arising from their failure to monitor the safety of Boeing’s 737 MAX airplanes. The allegations in this Verified Amended Consolidated Complaint (“Complaint”) are based on the knowledge of Co-Lead Plaintiffs as to themselves, and on information and belief, including the review of publicly available information and documents obtained under 8 Del. C. § 220,1 as to all other matters. 1 Plaintiffs received over 44,100 documents totaling over 630,000 pages. It is reasonable to infer that exculpatory information not reflected in the document production does not exist. See Teamsters Local 443 Health Serv’s & Ins. Plan v. Chou, C.A. No. 2019-0816-SG, 2020 WL 5028065, at *24 n.314 (Del. Ch. Aug. 24, 2020). {FG-W0476046.} NATURE OF THE ACTION 1. In 1996, Chancellor Allen issued his famous opinion in In re Caremark International -
Boeing Company (BA)
Update Note Boeing Company (BA) January 3, 2020 Rev/Employee: $568.56 k Number of Employees: 153,000 Avg ROIC: 68.49% Industrials BA: The Board Loses Confidence The firing of CEO Dennis Muilenburg (55) and appointment of his successor, current Chairman Dave Calhoun (62) as the firm's new President & CEO effective January 13th is a reactive but needed step in restoring confidence in Boeing. The action came barely a month after the Board separated the Chairman and CEO roles and appointed Calhoun (then lead Director) as the firm's Chairman. BA's CFO Greg Smith (53) is serving as the interim CEO for the next 2 weeks and Director Lawrence Kellner (60) will become the Board's new Chairman on the 13th. In October, Boeing also replaced Commercial president Kevin McAllister with Stan Deal and the firm's General Counsel, Mike Luttig (65) announced he will retire this month after 12 years with the firm. Management Team Update: Incoming CEO Calhoun is confronting a major cash flow crunch as well as the many regulatory issues surrounding the 737 MAX fiasco. Job 1 for the new CEO will be to stem the huge cash burn being caused by the 737 MAX production issue as group revenues have declined 20% Y/Y. Commercial Air revenue is dropping even more precipitously as the BA chart at right demonstrates, threatening the divisions substantial order backlog. Former CEO Muilenburg's steady but unrealistic optimism and pronouncements on quick fixes that never came has undermined both the Board's and the Company's credibility during the 10 month grounding of the MAX. -
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Frontierswww.boeing.com/frontiers APRIL 2009 / Volume VII, Issue XI Aiming Boeing’s Space Exploration team is working to support NASA—and seek new business opportunities. APRIL 2009 / BOEING FRONTIERS BOEING FRONTIERS / APRIL 2009 / VOLUME VII, ISSUE XI On the Cover 12 Space for growth Boeing and its predecessor companies have played an indispensable role in helping the U.S. space program attain its awe-inspiring achievements. Boeing’s space team—including Pat Schondel (right), vice presi- dent of Business Development for Boeing Space Exploration— is pursuing projects, both with NASA and with private partners, to make sure it remains a critical partner in spaceflight. PHOTO: BOB FERGUSON/BOEING COVER IMAGE: NataLIE DIXON AND ELLIOT HARIK ARE HOUSTON-BASED EMPLOYEES IN BOEING’S Space EXPLoration BUSINESS. PHOTO ILLUS- TRATION: BRANDON LUONG/BOEING; EMPLOYEE PHOTO: BOB FERGUSON/BOEING; SHUTTLE PHOTO/NASA Main Feature Thank you for your support 36 Being a good corporate citizen is among Boeing’s business strategies. It’s a value that endures in large part through the efforts of its employees. Here’s a look at some of the community volunteering activities Boeing people undertake. BOEING FRONTIERS / APRIL 2009 / VOLUME VII, ISSUE XI 3 Something from nothing Meet the Shared Services Group team whose work ensures that discarded products and 22 materials are disposed of properly. Its efforts also help Boeing get the optimum value from unneeded assets—and meet the company’s environmental goals. Home maintenance With last month’s delivery of the Starboard 6 truss segment, Boeing’s work on creating major 30 assemblies of the International Space Station is completed. -
2020 Proxy Statement 1 the BOEING BOARD: LEARNING and TAKING ACTION
Message from Our Chairman To my fellow shareholders: As your board chairman, I stand with Boeing’s people in mourning the lives lost in the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents. We are deeply humbled by these tragedies and committed to fulfilling our responsibilities to all of our stakeholders. Your board and management team are dedicated to restoring trust with airline customers and the flying public, our employees, global regulators and our shareholders. We recognize this renewal begins by staying true to our word, listening and delivering positive, lasting change. Over the past year, our board and our company have done this in several ways. In addition to transitioning company leadership, we created a permanent Aerospace Safety Committee to oversee the design, development, manufacturing, operation, maintenance and delivery of products and services. Inside the company, we are installing a new design requirements program that will ensure we act on lessons learned and continuously improve. We are also adding new safety roles and expanding safety reporting systems both inside Boeing and within our supply chain. In addition, we are looking for new ways to enable and prioritize actions that improve safety, strengthen our culture and help us meet customer commitments. We have a strong mix of expertise and tenure on our board today. Since our last annual meeting, Admiral John Richardson, the 31st Chief of Naval Operations for the U.S. Navy, has joined our board, and we are pleased that Akhil Johri, former Chief Financial Officer of United Technologies, and Steven Mollenkopf, Chief Executive Officer of Qualcomm, have agreed to be nominated for election to the board at this year’s meeting. -
THE BOEING COMPANY (Name of Registrant As Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a -6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material Pursuant to Section 240.14a-12 THE BOEING COMPANY (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): ☒ No fee required. ☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: ☐ Fee paid previously with preliminary materials. ☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or -
Corporate Governance Case Study Volume 9
CPAAOM3661_A5_Corporate Governance Cover_FA.indd 1 27/10/20 9:40 am Corporate Governance Case Studies Volume nine Mak Yuen Teen, PhD, FCPA (Aust.) Editor © Mak Yuen Teen and CPA Australia Ltd, 2019-2020. All rights reserved. The reproduction, adaptation, communication or sale of these materials (‘the Materials’) is strictly prohibited unless expressly permitted under copyright laws in your jurisdiction. For permission to reproduce any part of these materials, please contact Professor Mak Yuen Teen - [email protected] or the CPA Australia Legal Business Unit - [email protected]. Disclaimer CPA Australia and Mak Yuen Teen do not provide any warranties or make representations as to the accuracy, completeness, suitability or fitness for purpose of the Materials and accept no responsibility for any acts or omissions made in reliance of the Materials. These Materials have been produced for reference purposes only and are not intended, in part or full, to constitute legal or professional advice. To the extent permitted by the applicable laws in your jurisdiction, Mak Yuen Teen and CPA Australia Ltd (including its employees, agents and consultants) exclude all liability for any loss, damage, claim, proceeding and or expense including but not limited to legal costs, indirect special or consequential loss or damage, arising from acts or omissions made in reliance of the Materials. Where any law prohibits the exclusion of such liability, Mak Yuen Teen and CPA Australia Ltd limit their respective liability to the resupply of the information.