BOEING priced/upsized planned concurrent offerings to (1) 112.5m shares of common stock (par value $5 per share) at $143 each and (2) $5b depositary shares, representing 1/20th interest per share (par value $1 per share) at $50 each; it is projecting net proceeds of $20.72b before over-allotments.
Shenyang Aviation Industries Group has reached out to Italy's Manta Aircraft to partner on a V/STOL design that could now be developed and manufactured in China.
BOEING launched concurrent offerings of 90m shares of common stock (par value $5 per share) and $5b depositary shares (1/20th interest per share; par value $1 per share); offering includes options for 13.5m shares/$750m depositary shares, increasing total raise to $19b. Goldman Sachs, BofA, Citigroup and J.P. Morgan are lead bookrunning managers.
U.S. startups Natilus and JetZero sense the time is right for a chance to break into the big jet air transport business with radical blended wing body concepts.
The A&D industry’s critical minerals supply chain is in a precarious position given its reliance on Chinese imports, panelists say at the Zero Gravity summit.
MOODY'S says IAM rejection of Boeing contract offer has little bearing on its Baa3 rating. It believes deal will be reached, whereby company could accommodate union's objective of 40% compensation increase but not the pension demand.
SAFRAN GROUP had €6.6b revenues in 3Q24 vs €5.8b in 3Q23; Propulsion increased 9.2% (civil aftermarket up 20.5%) and Aircraft Interiors increased 28.4%, although still 4% down from 2019. Revenue for year is up 17.4%.
