Report
Chris Higgins
EUR 100.00 For Business Accounts Only

Boeing Continues to Generate Prodigious Amounts of Cash but It's Dealing With the 737 MAX Groundings

The Department of Defense submitted its $718 billion fiscal 2020 budget request to Congress, which represents a 5% increase over fiscal 2019. However, the $247 billion in investment funding (procurement and RDT&E) is more pertinent for defense firms and is slated to only rise 2% year over year. Despite this lackluster growth, the budget is in line with our expectations and as such we're not moving fair values for the contractors we cover. Investors should take away four things: 1) Congress m...
Underlying
BOEING COMPANY (THE)

The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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