NEWTOWN, Conn., Aug. 01, 2017 (GLOBE NEWSWIRE) -- Forecast International notes that recent reports of significant layoffs by Boeing have proven to be of little concern to Wall Street investors, who shrugged those actions off as an efficiency move. Not only that, Boeing stock rose dramatically to a new high last week, and during a two-day period jumped 28 points, sending the Dow Jones Average to a new all-time high.
Boeing and its European rival, Airbus, are locked in head-to-head competition in a market for new jet airliners that represents the largest and most astounding re-equipment cycle in aviation history, a market that will remain strong over the next 20 years, according to data compiled by Forecast International. While the rivals remain close in terms of quantities of airliners delivered, Boeing is clearly winning the revenues battle, largely because its competitor’s flagship aircraft, the giant four-engine A380, is running out of orders as airlines find more cost-effective solutions in combinations of large twins. Consequently, the A380 program is operating at a loss, placing a heavy drag upon overall profits for Airbus.
Boeing's order backlog for civil airliners, while declining, remained at 5,744 at the end of June, with 352 deliveries in 2017. According to Forecast International's Platinum Forecast System®, Boeing will produce over 12,300 large jet transports during the period 2017-2031, valued at over $2.071 trillion. This does not count the additional revenues the firm will earn from service and maintenance contracts of all types, as well as retrofit and modernization programs.
Boeing's military business, while dwarfed by civil revenues, will nevertheless remain at a significant level, providing an important secondary source of income. Shown below are Forecast International's Top 25 Featured Programs based on the U.S. DoD's requested funding for FY18. It is noteworthy that Boeing occupies six positions in the Top 25, plus three more in the less significant programs.
Forecast International Top 25 Featured Programs, U.S. DoD Defense Budget for FY18
|Boeing KC-767/KC-46||$2.646B (1)|
|Boeing AH-64 Apache||$1.884B (2)|
|Boeing P-8A Poseidon||$1.607B (3)|
|Boeing F/A-18E/F Super Hornet||$1.427B (4)|
|Bell/Boeing V-22 Osprey||$1.188B (5)|
|Lockheed Martin/Boeing F-22||$1.026B (6)|
Other Programs, U.S. DoD Defense Budget for FY18
|Boeing F-15 Eagle||$967.311M|
|Boeing 747 Series||$434.069M|
|Boeing E-3 Series||$341.498M|
Source: Forecast International's U.S. Defense Budget Forecast
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, the company specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International also maintains a high posture of situational awareness and geopolitical analysis.
Forecast International's resources and extensive base of experience can also be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements. The company is increasingly performing proprietary consulting studies in support of the diverse markets it covers.
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Ray Peterson Forecast International 203 426-0800 firstname.lastname@example.org