BA - The Boeing Company

NYSE - NYSE Delayed Price. Currency in USD
371.68
+4.24 (+1.15%)
At close: 4:00PM EST

374.95 +3.27 (0.88%)
Pre-Market: 7:50AM EST

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Previous Close367.44
Open370.00
Bid372.87 x 900
Ask372.99 x 900
Day's Range369.30 - 373.48
52 Week Range292.47 - 446.01
Volume5,496,784
Avg. Volume4,514,868
Market Cap209.178B
Beta (3Y Monthly)1.24
PE Ratio (TTM)55.94
EPS (TTM)6.64
Earnings DateJan. 28, 2020 - Feb. 3, 2020
Forward Dividend & Yield8.22 (2.24%)
Ex-Dividend Date2019-11-07
1y Target Est379.95
  • Boeing Will Fix the 737 Max Issue, Qantas CEO Says
    Bloomberg

    Boeing Will Fix the 737 Max Issue, Qantas CEO Says

    Nov.13 -- Alan Joyce, Qantas Airways Ltd. chief executive officer, discusses the prospects for Boeing Co.'s 737 Max jets returning to the sky with Bloomberg's Vonnie Quinn and Guy Johnson on "Bloomberg Markets."

  • Market Exclusive

    Market Morning: Chinese Army in Hong Kong, Boeing Walks Back Comments, Kraft Heinz Cheese Problems

    China Edges Into Hong Kong to “Clean Up Streets” The Chinese have invaded Hong Kong. So far it’s just to clean up the streets, but their presence on the island is raising some eyebrows as to what Beijing’s real intentions are in bringing Chinese soldiers in to participate in the situation. The soldiers, part of […]The post Market Morning: Chinese Army in Hong Kong, Boeing Walks Back Comments, Kraft Heinz Cheese Problems appeared first on Market Exclusive.

  • Boeing close to winning order for 737 MAX from Turkey's SunExpress - sources
    Reuters

    Boeing close to winning order for 737 MAX from Turkey's SunExpress - sources

    Boeing is close to a deal to sell some 737 MAX aircraft to Turkish carrier SunExpress, industry sources said on Monday. Boeing declined to comment. SunExpress, a subsidiary of Turkish Airlines and Lufthansa did not respond to a request for comment.

  • Emirates Pares Back Wide-Body Airbus Order Amid Fleet Review
    Bloomberg

    Emirates Pares Back Wide-Body Airbus Order Amid Fleet Review

    (Bloomberg) -- Emirates finalized an order for 50 Airbus SE planes, shrinking a tentative commitment made earlier in the year after the Gulf carrier reviewed its fleet strategy and aired concerns about aircraft performance.Emirates will purchase A350-900 wide-body jets worth $16 billion at list prices, Chairman Sheikh Ahmed Bin Saeed Al Maktoum said Monday at the Dubai Airshow. While that’s up from the 30 it agreed to take in February, the firm deal replaces an outline that also included 40 A330neos valued at $12 billion.In all, the Airbus order shrank by about $5.5 billion, before factoring in customary discounts. Deliveries of the A350s, equipped with Rolls-Royce Holdings Plc engines, will start in 2023. Emirates could later decide to order some A330neos, and is still in talks with the European manufacturer’s U.S. rival Boeing Co. about 787 Dreamliners, Sheikh Ahmed said.“The A350s will give us added operational flexibility in terms of capacity, range and deployment,” he said at a press conference. “This follows a thorough review of various aircraft options and of our own fleet plans.”The announcement comes as the world’s biggest long-haul airline grapples with a slowing regional economy and an early end to production of the A380 superjumbo, of which it’s the biggest operator.The accord puts Emirates center-stage at the Dubai expo after it seemed that the carrier might fail to strike a deal at a biennial event it traditionally dominates. The breakthrough follows months of negotiations as Tim Clark, the carrier’s president, refused to sign a final agreement without guarantees on the performance of the Rolls-Royce engines.Read More: Irked Emirates Boss Tells Airbus, Boeing to Raise Their GameFebruary’s tentative agreement saw Emirates slash its order for the A380 double-decker by 39 planes to 123. Fewer than 10 of the superjumbos remain to be delivered.The airline has been mulling its route network and fleet profile since last year in response to slowing growth in the Middle East triggered by lower oil prices, as well the A380’s early demise and a deepening global malaise from escalating trade tensions.Discussions continue on a separate plan to buy 40 787s, Sheikh Ahmed said. It wasn’t clear whether an older deal for 150 777X jets would be affected.To contact the reporter on this story: Layan Odeh in Dubai at lodeh3@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Christopher JasperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Boeing, Airbus kept in suspense over big Dubai jet deals
    Reuters

    Boeing, Airbus kept in suspense over big Dubai jet deals

    Airbus and Boeing fought to save billions of dollars of jet deals on Sunday as host airline Emirates kept the Dubai Airshow in suspense over dozens of tentative orders designed to fine-tune the world's largest international airline network. The world's top jetmakers are trying to win final approval for more than $30 billion in orders from Emirates that have been on ice for up to two years as Emirates protests about industrial delays. Interlocking deals involving a total of 110 Boeing 787 and Airbus A330neo and A350 are up for grabs, but it remains unclear whether there was room for all them in Emirates' revised fleet, delegates said.

  • Ethiopian Airlines undecided whether to take more Boeing 737 MAX jets
    Reuters

    Ethiopian Airlines undecided whether to take more Boeing 737 MAX jets

    Ethiopian Airlines has not decided yet whether to take more deliveries of the 737 MAX, the jet grounded worldwide in the wake of crashes in Ethiopia and Indonesia, the airline's CEO said on Sunday, as Boeing completes revisions to the aircraft's design. Reports into the March 10 crash in Ethiopia and a Lion Air accident in Indonesia, which killed a combined total of 346 people, have suggested an automated system erroneously pointed the planes' noses down repeatedly after take-off.

  • Boeing says timing of 737 MAX return in hands of regulators
    Reuters

    Boeing says timing of 737 MAX return in hands of regulators

    Boeing moved on Saturday to ease tensions with regulators over the return to service of its 737 MAX, saying it was up to the U.S. Federal Aviation Administration and its global counterparts to approve changes to the jet in the wake of two accidents. The FAA told its staff this week to take whatever time was needed to review the grounded plane after Boeing said it expected the FAA to certify the 737 MAX in mid-December. "We put some targets out that still line up to December ... type certification," Stan Deal, chief executive of Boeing Commercial Airplanes, told reporters.

  • Investing.com

    3 Things Under the Radar This Week

    Investing.com -- Here are three things that went under the radar this week.

  • U.S. FAA regulator head tells team to 'take whatever time needed' on 737 MAX
    Reuters

    U.S. FAA regulator head tells team to 'take whatever time needed' on 737 MAX

    WASHINGTON/SEATTLE (Reuters) - The head of the U.S. Federal Aviation Administration has told his team to "take whatever time is needed" in their review of Boeing Co's 737 MAX, according to a Nov. 14 memo and video message reviewed by Reuters. The comments came days after Boeing said it expected the FAA to certify the 737 MAX, issue an airworthiness directive and unground the plane in mid-December. U.S. officials have privately said this week that Boeing's timetable was aggressive - if not unrealistic - and was not cleared in advance by regulators.

  • Watch for Sparks as Jet Engines Hit Their Limits
    Bloomberg

    Watch for Sparks as Jet Engines Hit Their Limits

    (Bloomberg Opinion) -- Earlier this week, my Bloomberg Opinion colleague Chris Bryant examined the ongoing troubles for advanced jet engines used on today’s commercial airliners. These engines now seem to be reaching their technical limits, and as Bryant says, we may be asking too much of the technology.That’s not great news for the companies making those turbines, or for those flying the aircraft. It’s also not the best news for the climate, given the trajectory of emissions from air travel and air freight. Carbon dioxide emissions from commercial aviation made up 2.4% of global emissions in 2018 and, according to the International Council on Clean Transportation, have grown 32% in just five years.The geography of those emissions is highly concentrated. Three markets — the U.S., the European Union and China — account for more than half of all emissions; the top 10 emitters contribute more than 70% of the global total.There’s something hopeful, actually, in that geographical distribution. High concentration means that tackling emissions in just three markets can have an outsized impact, and standards set in those large markets are easy for others to follow. There’s another aspect to the distribution of aviation emissions that’s worth examining: emissions by type of aircraft. Bryant writes of problems with engines on both widebody and narrowbody aircraft: the Rolls-Royce Holdings Plc Trent 1000 engines used on the widebody Boeing Co. 787, and United Technologies Corp. subsidiary Pratt & Whitney’s geared turbofan used on the narrowbody Airbus SE A320neo. While widebody aircraft make up one-third of global emissions, narrowbody and regional passenger plans are almost half. If the turbines used to propel the largest and longest-range of aircraft are approaching technical limits but almost half of emissions are from shorter-range and smaller aircraft, then there’s space to innovate, for emissions’ sake, at the short and small end. And that space looks electric and hybrid. Next month, Vancouver-based Harbour Air will fly its first electric seaplane, a De Havilland DHC-2 Beaver prototype retrofitted with a propulsion system from Seattle-based electric aviation company MagniX. It’s a first look at what electric commercial flight could be, and as it draws upon a sophisticated, global and continually improving network of battery makers while the cost of batteries continues to decrease, it has room to grow. “Because of airborne mobility development, this technology is unstoppable, and it’s getting more practical as every day goes by,” says Greg McDougall, Harbour Air’s CEO. “The brainpower and money involved is snowballing, and there’s no doubt we can roll out what we’re doing to other small airlines.” It’s an infectious enthusiasm, but it just might take to the air elsewhere, too. Weekend readingThe Qantas Group plans to reach net zero carbon emissions by 2050. Meanwhile, Formula 1 plans to reach that milestone by 2030. Ferrari says its new Roma coupe is inspired by the postwar Eternal City. It’s a bit of a step up from the Vespas and Topolinos of the film “Roman Holiday.” The European Investment Bank will not consider new financing of unabated fossil fuels, including natural gas, after 2021. Sweden’s Riksbank is selling bonds issued by the Canadian province of Alberta and the Australian states of Queensland and Western Australia due to those areas’ large climate impacts. How Australia’s big businesses saw the climate turning point coming. The world’s biggest gun has helped solve a long-standing space mystery: the risk that orbiting microdebris poses to satellites. Weather-tech startup Understory is selling Hail Safe, an insurance product that protects auto dealers from hailstorm damages. Think tank Macro Polo’s deep dive into the organic light-emitting diode (OLED) supply chain in East Asia. Adidas has abandoned its robot factory experiment. Open-source code will survive the apocalypse in an Arctic cave. Silicon Valley’s Singularity University is cutting staff, and its CEO is stepping down.  Elon Musk’s keep-it-in-the-family deal for SolarCity has become the top threat to Tesla Inc.’s future. The new dot-com bubble is here: It’s called online advertising. Designer Iris van Herpen’s work is inspired by the Large Hadron Collider. A fascinating look at how American brands became indelibly Japanese.  In data journalism, technology still matters less than people. The coming age of generative biology. Get Sparklines delivered to your inbox. Sign up here. And subscribe to Bloomberg All Access and get much, much more. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, the Bloomberg Open and the Bloomberg Close.To contact the author of this story: Nathaniel Bullard at nbullard@bloomberg.netTo contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • United joins U.S. peers in pulling 737 MAX until early March
    Reuters

    United joins U.S. peers in pulling 737 MAX until early March

    United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing 737 MAX flights until March 4, joining U.S. peers who are also scheduling without the aircraft until early March as the jet awaits approval to fly again. The March date will mark nearly a year since regulators around the world issued a safety ban on Boeing Co's fastest-selling aircraft, the 737 MAX, following two fatal crashes in Indonesia and Ethiopia. Boeing said on Monday that the U.S. Federal Aviation Administration could approve in December fixes to software that played a role in both crashes and approve fixes to new pilot training in January, though the agency has insisted it has no set time frame.

  • Bloomberg

    This-and-Thats About Boeing, Chesapeake and Christmas Music

    (Bloomberg Opinion) -- Greetings, readers. In the spirit of some of my fellow Bloomberg Opinion columnists (with last names like Bernstein, Levine, and Sutherland) I’m going to write an occasional compilation of short items about topics I care about. Mine will post on Fridays and this is the first installment.I Remember AubreyThe unsurprising recent news that Chesapeake Energy Corp. might not survive as a “going concern” if gas prices don’t improve got me thinking about its late, flamboyant founder, Aubrey McClendon. McClendon was the original shale cowboy; Forbes once called him “America’s most reckless billionaire.” Indeed, who can forget the time he sold his own company a collection of historical maps for $12.1 million? (He was later forced to buy them back as part of legal settlement.) My colleague Liam Denning and I were recently recalling the incident and he emailed me Chesapeake’s 2009 proxy. It contained the company’s explanation for the purchase:These maps have been displayed throughout the Company’s headquarters for a number of years, complementing the interior design features of our campus buildings…Our employees and visitors appreciate the maps’ depiction of the early years of the nation’s energy industry…In addition, the collection connects to our Company’s everyday use of mapping in our business of exploring for and developing natural gas and oil.As Liam told me: “The rationale for buying the art is a work of art in itself”….Maxed OutAnother week, another brutal takedown of the Boeing Corp., this time in the New Yorker. Titled “The Case Against Boeing,” the article marks the 1996 merger of Boeing and McDonnell Douglas as the moment “when Boeing went from being led by engineers to being led by business executives driven by stock performance.” The author, Alec MacGillis,(2) recounts an anecdote told to him by a union executive named Stan Sorscher, who was trying to explain to a stock analyst in Seattle that “bottom-line business models did not apply to building airplanes.”According to Sorscher, the analyst replied, “You think you’re different. This business model works for everyone. It works for ladies’ garments, for running shoes, for hard drives, for integrated circuits, and it will work for you.”Boeing's well-documented cost cutting in building the 737 Max would certainly suggest that Sorscher was right – and that the desire to “maximize shareholder value” was at the root of what went wrong. (Flawed flight-control software made the 737 Max responsible for two fatal crashes.) If the Business Roundtable’s recent attempt to reduce the primacy of the shareholder is to mean anything, it has to mean that companies like Boeing will stop looking at the share price when it’s time to build a new airplane….Ka-chingI heard my first rendition of “The Christmas Song” this week; I’ll no doubt hear it 4,000 more times before we get to December 25. It’s said to be the most-performed Christmas song ever. Every year, after the first few hundred times, I always have the same question: How much does that one song generate for the estate of Mel Tormé, the great jazz singer who wrote it in 1945? It’s gotta be millions. Various (and possibly very unreliable!) websites speculate that $16 million to $19 million has flowed to Torme’s estate, but who knows…Crony CapitalismFor four years, the Republican Senate crippled the Export-Import Bank of the United States by refusing to confirm nominees for its board and its chairman. It was an ideological stance: They claimed that the bank, a federal agency which guarantees loans to boost exports, was practicing “crony capitalism,” favoring big companies over small businesses, and putting taxpayers at risk if the loans defaulted. U.S. exporters, they said, could get along just fine without it.But in May, the Senate finally confirmed President Donald Trump’s choice to be chairman, Kimberly Reed, as well as new board members. And guess what? As far as I can tell, the Ex-Im Bank is doing exactly the same thing in this administration as it did in previous administrations. In September, for instance, it approved a $5 billion loan — not a guarantee, mind you, but an actual loan — to finance a liquified natural gas project. The taxpayers are definitely at risk if this deal goes bust. And the main contractor for the Mozambique project is not some small business but a major oil company, Total S.A.I happen to be a big believer in the Ex-Im Bank. I think it helps create jobs in the U.S. To my mind, this $5 billion deal is a very good thing. Still, it’s hard not to be at least a little cynical about how pointless the Republicans “ideological” opposition turned out to be….Bye ByeThis was fun. Let’s do it again next week, okay?(1) MacGillis is an investigative reporter with the nonprofit news site, ProPublica. The article is a collaboration between the New Yorker and ProPublica.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Timothy L. O'Brien at tobrien46@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • It’s Not Just Farmers—U.S. Exports May Never Recover From the Trade War
    Bloomberg

    It’s Not Just Farmers—U.S. Exports May Never Recover From the Trade War

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration’s trade war is ravaging exports to China across the U.S. and well beyond the farm belt, new data from the U.S. Commerce Department show.More than 30 states stretching from Florida to Alaska suffered double-digit drops in merchandise exports to China through September of this year. Sales to the Asian nation fell 39% in Texas, where oil and gas products comprise the largest export to that country.In Alabama, which touts its status as the No. 3 auto-exporting state in the U.S., total shipments to China plunged 49% in the first nine months. Florida’s merchandise sales to the country slumped 40% in the period, while West Virginia and Wisconsin each saw drops of about 25%. Product exports to China from the U.S. as a whole dropped 15% to $78.8 billion.“Chinese demand for imports overall has been weak,” said Brad Setser, senior fellow for international economics at the Council on Foreign Relations. The recovery time for various U.S. products will depend on the nature of the trade deal, he said. “In some cases, U.S. exports will never recover,” he added.Washington state, home of Boeing’s industrial base, saw total Chinese merchandise exports fall 45% through the third quarter amid the grounding of the 737 Max, the company’s best-selling jet.China has struck back in the trade war by imposing duties on about $135 billion of U.S. goods, targeting everything from farming products like soybeans and pork to motorcycles, cosmetics and wigs. With talks underway for a phase-one deal, Beijing has re-upped its demands for the removal of tariffs the U.S. has put on $360 billion of Chinese imports.Meanwhile, a new report says China’s retaliatory tariffs on U.S. goods likely cost the GOP five House seats in the mid-term 2018 elections, a possible warning sign ahead of next year’s presidential vote. The study didn’t identify the candidates, but it pointed to agricultural tariffs as driving the losses.The trade war, coupled with cuts to health care, “appear to have hurt Republican candidates where swing voters matter most,” said the analysis released this month by the National Bureau of Economic Research.If tariffs remain and companies reduce jobs or wage growth slows due to declining exports, “there’s room for stronger effects on workers and on how they vote” in the 2020 elections, said Emily Blanchard, an economics professor at Dartmouth’s Tuck School of Business and an author of the study.That’s not happening yet, said Ahmad Ijaz, an economist at the University of Alabama’s Center for Business and Economic Research.“Although exports to China have fallen sharply in 2019, it hasn’t had any significant impact on payrolls so far,” he said, adding that vehicle manufacturers are hiring workers and some lost sales to China are being offset by gains in other places, particularly Europe.Exports to China support more than a million U.S. jobs, according to the U.S.-China Business Council, which represents American companies doing business in China.Amid the Chinese export carnage are a few bright spots. Buyers are still snapping up semiconductors made in Oregon, primarily by Intel Corp. which operates one of its biggest manufacturing plants in the state. Oregon’s total exports to China surged 65% in the nine months, according to the data. Only about a third of the state’s products are impacted by the proposed tariffs, according to Business Oregon spokesman Nathan Buehler, who said semiconductors for the most part are exempt.Similarly, South Carolina’s sales to China jumped 30% through September, partly on airplane exports. Some Boeing Co. 787 Dreamliner planes are made in the state and about 17% of those aircraft to date have been sold to China. The Chinese were set to buy 100 more Boeing wide-body jets, including the 787 and 777X, but the deal has stalled on trade uncertainties.Indeed, neither South Carolina nor Oregon officials are complacent about the future of their Chinese exports. “It’s the uncertainty that provides so much concern,” Buehler said, noting that potential new tariffs are an obstacle for existing exporters and a barrier for companies weighing the costs of entry. “There’s lots of angst.”\--With assistance from Alex Tribou, Alex Tanzi, Steve Matthews and Yue Qiu.To contact the reporter on this story: Anita Sharpe in Atlanta at asharpe6@bloomberg.netTo contact the editors responsible for this story: Sarah McGregor at smcgregor5@bloomberg.net, Brendan MurrayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Jet grounding and delays overshadow Dubai Airshow
    Reuters

    Jet grounding and delays overshadow Dubai Airshow

    An eight-month crisis over the grounding of Boeing's 737 MAX jets and widespread industrial delays are setting an unpredictable backdrop to next week's Dubai Airshow, with some airlines reviewing fleet plans even as others look for bargains. The biennial civil and military expo is a major showcase for wares from jumbo jets to military drones but faces growing questions over demand and the capability of overstretched suppliers, delegates arriving for the Nov. 17-21 event said. Top of their agenda will be the worldwide grounding of the 737 MAX in the wake of two deadly crashes.

  • Qantas completes 'double sunrise' test flight from London to Sydney, aircraft order could follow
    Reuters

    Qantas completes 'double sunrise' test flight from London to Sydney, aircraft order could follow

    Qantas Airways Ltd could place an order for planes capable of ultra long-haul flights early next year, the airline's chief executive said after he completed a 19 hour, 19 minute non-stop test flight from London to Sydney on Friday. Alan Joyce said he saw a "double sunrise" as a passenger aboard the second of three research flights being conducted to help the Australian airline decide on whether to order planes for what would be the world's longest commercial route. The intention is to make a decision by the end of the year based on considerations such as aircraft price, seating configuration and a pay agreement with pilots, Joyce said after his return to Sydney.

  • Boeing received 'unnecessary' contract boost for astronaut capsule, watchdog says
    Reuters

    Boeing received 'unnecessary' contract boost for astronaut capsule, watchdog says

    Boeing's multibillion dollar contract to build U.S. astronaut capsules received an "unnecessary" extension from NASA, a watchdog report said on Thursday, the latest management blunders in the agency's programme to restart domestic human spaceflight. NASA agreed to pay Boeing Co a $287 million (£224 million) premium for "additional flexibilities" to accelerate production of the company's Starliner crew vehicle and avoid an 18-month gap in flights to the International Space Station. NASA's inspector general called it an "unreasonable" boost to Boeing's fixed-priced $4.2 billion dollar contract.

  • Investing.com

    Stocks: Another Act of 'Waiting for China' Leaves S&P Flat

    Investing.com - Investors spent Thursday hoping for a catalyst to push stocks higher – and didn't get one.

  • Boeing brings back humans after automation problems on 777 assembly
    Reuters

    Boeing brings back humans after automation problems on 777 assembly

    The company began to build 777 fuselages in 2015 in an upright orientation, with robots drilling holes and installing fasteners, an initiative known as fuselage automated upright build (FAUB). Boeing had faced delays last year when the FAUB machine was tried out on existing versions of the 777. The system was developed by Boeing Commercial Airplanes and has been tested in commercial and defense programs, company spokesman Paul Bergman said in an emailed statement.

  • Southwest pilots union says Boeing may be trying to hasten 737 MAX return
    Reuters

    Southwest pilots union says Boeing may be trying to hasten 737 MAX return

    The head of the Southwest Airlines Co pilot union Wednesday sharply criticized Boeing Co and questioned whether the manufacturer was trying to speed up the timeline for the 737 MAX's return to service. Boeing's best-selling 737 MAX has been grounded since March, after two deadly crashes in five months killed 346 people, and it has come under harsh criticism from U.S. lawmakers.

  • Microsoft to Attend Pentagon Summit on Project Maven
    Bloomberg

    Microsoft to Attend Pentagon Summit on Project Maven

    (Bloomberg) -- Microsoft Corp. is sending representatives to a series of meetings with Pentagon officials Wednesday to discuss how companies can contribute to the military’s work on artificial intelligence, according to a list of participants reviewed by Bloomberg. Microsoft is the only Big Tech company set to attend the event, which is likely to draw objections from employees and protesters who have broad concerns about the use of AI for military purposes.About 140 companies and organizations are on the list of attendees, which includes Boeing Co., International Business Machines Corp. and Lockheed Martin Corp. Anduril Industries Inc., a new startup from former Facebook Inc. executive Palmer Luckey, will also be there. The defense contractor began working this year on Project Maven, a technology unit of the Pentagon whose official name is the Algorithmic Warfare Cross-Functional Team.For the last two years, Maven has been at the center of a contentious public debate over the technology industry’s willingness to help build military technology. The project uses computer vision software to automatically analyze footage gathered by U.S. military drones. Google, an early participant in Maven, said last summer it would stop working on the project, following protests from employees who said the work strayed too closely to autonomous weaponry. Employees at Clarifai, a small computer vision startup, also objected to Maven, although that company continued to work on the project. It is on the list of attendees for this week’s meetings, which are co-hosted by Maven officials.Wednesday’s event is billed as an “AI Industry Day,” and the stated goal is to develop AI technology to assist soldiers in the field. The government said it is particularly interested in facial recognition, natural language processing, social media data and drone footage.Microsoft has made significant inroads with its military business over the last year. It won a contract a year ago worth as much as $480 million to build combat-ready versions of its HoloLens augmented reality headsets. Last month, it also won a $10 billion contract called Joint Enterprise Defense Infrastructure, or JEDI, to build cloud computing infrastructure for the Defense Department.Both contracts inspired criticism from Microsoft employees who said they hadn’t signed up to build weaponry. The company’s executives have consistently said they would not step back from working with the U.S. military. In a meeting with employees the week after the company won the JEDI contract, Microsoft Chief Executive Officer Satya Nadella said he respected dissenting opinions but that the company had always been unambiguous about its military work, according to a person who attended and asked not to be identified discussing a private event. A Microsoft spokesman declined to comment. Microsoft’s ties to government work have caused controversy in other areas, too. Workers at Microsoft’s GitHub unit have asked the company to cancel a contract with the U.S. Immigration and Customs Enforcement agency. On Wednesday morning, a group of protesters gathered at a GitHub conference in San Francisco to draw attention to the issue.The Defense Department has put increasing focus on AI in recent years. It sees the technology as key to geopolitical competition with China. But building it has come with challenges. U.S. officials have spoken openly about tensions in the military’s relationship with tech companies.“Some employees in the tech industry see no compelling reason to work with the Department of Defense,” Lieutenant General Jack Shanahan, the head of the Pentagon’s Joint Artificial Intelligence Center, said at an event last week. Their reluctance, he said, often came from the government’s inability to adapt to the pace of the private sector: “We don’t make it easy for them.”(Updates with GitHub protests in the seventh paragraph.)To contact the author of this story: Joshua Brustein in New York at jbrustein@bloomberg.netTo contact the editor responsible for this story: Mark Milian at mmilian@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 6 Technology Trends Revolutionizing The Transportation Sector
    Oilprice.com

    6 Technology Trends Revolutionizing The Transportation Sector

    Greener and leaner transportation is a top priority for most industrialized countries currently, and smart solutions such as scooters, electric vehicles and bullet trains are quickly gaining popularity

  • GlobeNewswire

    Boeing Names Donna Hrinak to Lead Boeing Canada

    CHICAGO, Nov. 13, 2019 -- Boeing today named Donna Hrinak to the newly-created position of president of Boeing Canada. Hrinak will coordinate all company business.

  • A New Era of Airline Travel in Argentina Is Already at Risk
    Bloomberg

    A New Era of Airline Travel in Argentina Is Already at Risk

    (Bloomberg) -- Argentina’s airline passengers have been enjoying their first taste of the global boom in discount airlines. Now the shift to greater competition is under threat from a powerful potential foe: the country’s newly elected leader.While President-elect Alberto Fernandez hasn’t detailed his plans for the industry, he emphasized during his campaign the need to boost state-controlled flagship Aerolineas Argentinas. His rival, departing President Mauricio Macri, championed policies that allowed budget carriers to vie more effectively for passengers starting last year.Fernandez’s resounding victory -- fueled by voters’ rejection of austerity measures adopted as part of a $56 billion loan from the International Monetary Fund -- endangers an aviation opening that has enabled half a million passengers to fly for the first time. The biggest discounter, Flybondi, drew unwanted attention last week after its former chief executive officer called Fernandez’s political party a “cancer” in leaked personal messages.“A Fernandez administration can make life much harder for new entrants and favor Aerolineas Argentinas,” said Savanthi Syth, airlines analyst at Raymond James. “There’s a risk that the somewhat supportive environment, through the removal of barriers to entry/market-based competition, would be reversed with a change of the administration.“Of Macri’s many grand plans, his airline opening was one of the few that were successfully executed. He allowed competition on more routes and scrapped price floors that propped up airfares. Alongside airport operator Corporacion America, the government invested $2.2 billion since 2016 in infrastructure works. A former military airport near Buenos Aires, El Palomar, was adapted for commercial flights.That positioned Argentina to join a regional boom in budget airlines in countries from Mexico to Brazil.“What’s interesting about Latin America is that low-cost carriers have really been the engine of growth, especially in Brazil but also in other large markets like Mexico and Colombia,” said Darren Hulst, Boeing Co.’s managing director for market analysis & sales support.Low-cost operators control about 35% of the Latin American airline market, he said.Fewest TripsCompanies such as Flybondi, Norwegian Air Shuttle ASA and Chile’s JetSmart flocked to Argentina, which according to Syth has Latin America’s fewest trips per person after Venezuela. Argentina had 14.2 million domestic passengers in 2018, up 13% from the previous year, and low-cost carriers now fly 40 routes. The discounters have carried more than 3.4 million passengers since early 2018, according to the Transport Ministry.“We continue doing what we know how to do: being efficient and demonstrating that our model has no political party,” Mauricio Sana, Flybondi’s chief commercial officer, said in comments before last week’s dust-up involving the company’s former boss. The ex-CEO, Julian Cook, resigned from Flybondi’s board last week after his harsh words for the next president’s party.For discounters, the going hasn’t always been easy in a country with 50% inflation and an economy headed for its second straight annual contraction this year and a third expected in 2020.Perhaps the toughest challenge has been the plunging Argentine peso, which lost half its value last year and has already dropped 37% in 2019 -- with most of this year’s decline coming after an August vote that foreshadowed Fernandez’s election victory.Currency MismatchThe volatility is bad news for an industry where the purchasing power is in local currency but as many as 60% of costs are in dollars.“The rising inflation has imposed some challenges on the ability for the companies to both grow and sustain the operation,” said Ole Christian Melhus, head of Norwegian Air Argentina, which operates domestic routes as well as a flight to London. “Growth plans have been reduced.”Flybondi has the most routes of the discounters and an 8% domestic market share. Since changes in the airline policy, the piece of the pie controlled by Aerolineas Argentinas has fallen to 65% so far this year from 74% in 2015, according to the Transport Ministry. But the flagship airline flew 3% more passengers in the first eight months of 2019 compared with the same period a year earlier as the number of flyers expanded.Fernandez, who takes office Dec. 10 after winning on the first ballot Oct. 27, campaigned on promises to boost salaries and stoke consumer spending. His running-mate, former President Cristina Fernandez de Kirchner, took a protectionist approach to the economy during her two terms in office.In the airline industry, the incoming president has complained that the rise of discounters has put more pressure on Aerolineas.“It allows low-costs to go to the profitable destinations while Aerolineas must take care of the unprofitable ones,” he said in a radio interview during the campaign. “I’ll review it.”Rising SubsidiesThe state-controlled company will require more than $300 million in subsidies this year, up from $197 million in 2018, because of the latest currency volatility, said Guillermo Dietrich, Macri’s transport minister. Another drag on its finances comes from the strength of its labor unions, which require more pilots and mechanics per plane than other companies operating in the country, he said.“We’ve worked hard to cut costs,” he said. “To curb the kilograms on the aircraft, we analyzed everything from digitizing manuals to the weight of coffee stir sticks.”Many of the low-cost carriers are diversifying their risk amid the turbulence. Four of them have announced this year that they are opening routes to Brazil, the largest market in the region.Ultimately, though, their fate depends on what happens in Argentina.“Nothing is clear for now,” Flybondi’s Sana said.(Updates with Boeing comment in seventh paragraph.)To contact the reporters on this story: Jorgelina do Rosario in Buenos Aires at jdorosario@bloomberg.net;Fabiola Moura in Sao Paulo at fdemoura@bloomberg.net;Carolina Millan in Buenos Aires at cmillanronch@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Carolina MillanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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