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Boeing’s Presidents Letter and Analyst Opinion

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Boeing’s Presidents Letter and Analyst Opinion

David L. Calhoun, the President and CEO of Boeing Company, starts his 2019 Annual Letter by insisting that Boeing is committed to its values of prioritizing the interests of customers. He noted that Boeing customers are devastated by the death of people through Boeing 737 Max accidents, and he expresses his sorrow (Boeing 9). Calhoun notes that these two accidents have taught Boeing lessons, and hence, the company will learn from them to come up with a solution of returning much safer Boeing 737 Max to the market.  Despite the accidents, the global demand for Boeing models, such as 777, 777X, and 787 models have remained steady (Boeing 9). Besides, the company has debuted two models – 777X and 737 Max 10, which will enter the market in 2021 after tests and checks on their security and safety. Again, the demand for significant defense platforms and programs is strong. In its commercial, space, and defense business lines, Boeing has an opportunity worth $8.7 trillion in the next decade (Boeing 10). All in all, Calhoun’s Letter is projecting a successful company.

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Analyst’s opinion in Yahoo Finance on Boeing performance portrays the company as struggling financially. For instance, the profitability and sales volume of the company are depicted to have declined significantly. For example, the company’s gross profit has fallen from $19.637 billion in FY2018 to $4.466 billion in FY2019 Yahoo (Finance n.pag). Again, Boeing’s EBITDA declined from $14.193 billion in FY2018 to 0.734 billion in FY2019. Mainly, these declines are associated with two accidents that involved Boeing 737 Max in Malaysia and Ethiopia (Finance n.pag). Mostly, these declines do not reflect the optimism that Calhoun anchors on Boeing’s global substantial orders. Notably, the current decision of Boeing to consider bailout from the government tends to diminish Calhoun’s confidence he projects on the company’s financial performance and opportunities. All in all, the analyst’s opinion about Boeing is more accurate than that of Calhoun in depicting the current situation engulfing the company.

 

 

Works Cited

Boeing. What we Stand for: 2019 Annual Report, 2019, https://investors.boeing.com/investors/financial-reports/default.aspx. Accessed 20 March 2020.

Yahoo Finance. The Boeing Company (BA). https://finance.yahoo.com/quote/BA/financials?p=BA. Accessed 20 March 2020.

 

 

 

 

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