-Caveat Lector- -------- Original Message -------- Subject: [mil-corp] Boeing May Look to Military, Space To Offset Drop in Commercial Sales Date: Sun, 11 Feb 2001 09:57:00 -0500 From: International Network on Disarmament and Globalization <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] Boeing May Look to Military, Space To Offset Drop in Commercial Sales http://www.space.com/businesstechnology/business/boeing_outlook_010118.html?Enews=y ================ + ================ Sat. Jan 20, 2001 Boeing May Look to Military, Space To Offset Drop in Commercial Sales By Emily Woodward Special to Spacenews.com posted: 06:11 pm ET 18 January 2001 WASHINGTON - Seattle-based Boeing Co.'s prospects beyond 2001 are clouded by a slowing demand for commercial aircraft, which may force the company to rely more on its military and space businesses to sustain the earnings gains made in 2000, according to Deutsche Banc Alex. Brown, an investment research firm. In a Jan. 18 release, the New York-based firm downgraded its investment rating for Boeing [BA], despite the company's Jan. 17 announcement of a 22-percent increase in earnings per share for 2000. The investment downgrade is based on projections that commercial aircraft sales will hold steady through 2001 and decline slightly in 2002, Chris Mecray, an analyst at Deutsche Banc, told Spacenews.com Jan. 18. In a Jan. 17 statement accompanying the release of its 2000 earnings, Boeing revealed a 19-percent drop in commercial aircraft revenues. It predicted sales in this sector would hold constant through 2002. Mecray emphasized sales of military aircraft and missile systems, as well as space and communications technology could constitute a higher percentage of Boeing's overall revenues if the commercial sector does not improve or becomes increasingly sluggish. The Deutsche Banc report noted sales of military aircraft and missile systems for Boeing were approximately $12.1 billion in 2000, on par with the company's revenues the previous year. However, the report predicted Boeing would experience net gains in this sector in 2001, thanks to the company's long-term contracts for F/A-18 fighters, C-17 transport aircraft, AH-64D Apache Longbow helicopters and T-45 trainer aircraft. Net revenues from the defense and space sectors are expected to increase from $20.2 billion in 2000 to $23.2 billion in 2001, said Mecray. While "it is too early to say what...the program-by-program outlook will be" under the new administration of President-elect George W. Bush, Boeing looks forward to a net gain in the value of federal defense contracts given the administration's commitment to national missile defense and key platforms, Larry McCracken, a company media representative, told Spacenews.com Jan. 18. According to a performance review released Jan. 17 by Phil Condit, Boeing chairman and chief executive officer, and Mike Sears, chief financial officer, net sales will rise from $51.3 billion in 2000 to $57 billion in 2001, reaching $62 billion in 2002. ©2001 SPACE.com, inc. ALL RIGHTS RESERVED. ================ + ================ Support: http://www.antiwar.com and http://www.space4peace.org . -- International Network on Disarmament and Globalization 405-825 Granville Street, Vancouver, British Columbia V6Z 1K9 CANADA tel: (604) 687-3223 fax: (604) 687-3277 [EMAIL PROTECTED] http://www.indg.org To subscribe to the e-mail list, send an e-mail to mailto:[EMAIL PROTECTED] SUBSCRIBE mil-corp "FirstName LastName" <[EMAIL PROTECTED]> as the first and only line in the message body. <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
