Boeing Co. (BA) delivered its first 777-300ER (Extended Range) airplane to GE Capital Aviation Services and its lease customer Philippine Airlines. It is the first 777 in the fleet of Philippine Airlines. The aircraft was packed with relief supplies for victims of Typhoon Ketsana.  The airline has four more of this aircraft on order with Boeing. In the recently reported third quarter of fiscal 2009, the company booked 96 gross orders. The company finished the quarter with segmental backlog of $254 billion.  The Boeing 777-300ER is among the most efficient airplanes in the 300-to-400 seat segment, which would provide the airlines the flexibility to serve key markets worldwide while offering its passengers the highest levels of comfort and reliability. Additionally, the aircraft brings new twin-engine efficiency to the airline's long-haul fleet.  The aircraft is powered by General Electric GE90-115BLs, the world's largest and most powerful commercial jet ...

The Boeing Company (BA) towed the first 747-8 Freighter model out of its factory in Everett. The long-awaited freighter is now being put up for test flights. The 747-8 Freighter is the new high-capacity 747 that will give cargo operators the lowest operating costs and best economics of any freighter airplane while providing enhanced environmental performance. It is 250 feet, 2 inches (76.3 m) long, which is 18 feet and 4 inches (5.6 m) longer than the 747-400 series Freighter. The stretch provides customers with 16% more revenue cargo volume compared to its predecessor. That translates to four additional main-deck pallets and three additional lower-hold pallets. Boeing to date has secured 105 orders for the 747-8 series aircrafts, 78 of which are orders for the freighter variant. The rest orders are for the passenger variant. The 747-8 Freighter series will boost the commercial aircraft segment of ...

Moody’s Investor Services (MCO) has downgraded Boeing Co.’s (BA) rating outlook to "negative" from "stable". The major reason for the downgrade was the delay in the airplane maker's new 787 series, besides other setbacks that had hurt its financial flexibility.   Pitted against Airbus’s A319 aircraft, Boeing’s 787 series is plagued by delays. The inaugural test flight at the end of fiscal 2009 is more than two years behind the original delivery schedule. The company has already deferred the inaugural delivery of the 787 series aircraft five times.   Boeing has witnessed falling orders in the recent times for its commercial planes on account of tepid demand for air travel and cargo services. Already, a slew of commercial airlines have cancelled or deferred their fleet additions. Boeing has cut costs and announced reduction in its workforce along with scaling back production of some aircrafts. Moody's estimates a 20%

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The Boeing Company (BA) yesterday announced that it will record a $1 billion charge in the third quarter of fiscal 2009. The company attributed the charge from a delay in producing a new version of the 747-8 series freighter jet, leading to slow sales and late design changes. The aircraft competes with Airbus' A380 series aircraft. The goliath of commercial aerospace, Boeing has witnessed falling orders for its commercial planes in the recent times on account of tepid demand for air travel and cargo services. Already, a slew of commercial airlines have cancelled or deferred their fleet additions. Boeing has cut costs, reduced workforce and scaled back production of some aircrafts to cope with the changing market dynamics.   The $1 billion charge includes $640 million for higher estimated production costs consisting of late engineering design changes. This is besides the $360 million stemming from Boeing's decision ...

Standard & Poor's said on Friday that it is apprehensive about The Boeing Company’s (BA) risk in terms of order cancellations and deferrals for its commercial aircrafts. Pitted against Airbus’s A319 aircraft, Boeing’s 787 series is plagued by delays. The inaugural test flight at the end of fiscal 2009 is more than two years behind the original delivery schedule. The company has already deferred the inaugural delivery of the 787 series aircraft five times. Standard & Poor's is apprehensive this may force Boeing to scale back production of models 737, 747, 767 and 777 -- virtually everything other than its new 787 series in fiscal 2010. This viewpoint is shared by Fitch Ratings as well. As of now, Standard & Poor's has a Buy rating on Boeing’s shares while Fitch has an "A+" rating. The goliath of the commercial aerospace, Boeing has witnessed falling orders in ...

Boeing Company (BA) yesterday bagged an order for fourteen 737-700 series aircrafts from Canadian airliner WestJet. This took WestJet’s pending deliveries for 737-700 series aircraft from Boeing to 54. With this order, Boeing has been able to maintain its position as the sole supplier to WestJet. As of now, WestJet’s fleet consists of an all-Boeing squad of eighty-one 737 aircrafts. Boeing’s 737-700 aircraft is pitted against Airbus’s A319 aircraft. To date, Boeing has booked more than 5,000 orders from around 120 customers spread around the globe. Of this, more than 2,100 deliveries worth more than $158 billion are pending. Boeing’s focus on 737-700 is evident with its earlier revelation of 2% improvement on fuel consumption by 2011, through a combination of airframe and engine improvements. Headquartered in Chicago, Boeing is the world’s largest manufacturer of commercial jet liners and military aerospace products (based on total ...

Earlier last month, Suspect Detection Systems Inc. published the following letter which was addressed to all shareholders. The letter highlights the abilities of the company’s Cogito Technology to detect the hostile intent of terrorists and criminals, and introduces the management team of Suspect Detection Systems Ltd, subsidiary of Suspect Detection Systems Inc.

Dear Shareholders,

In 2009, terrorists and criminals are better organized and more sophisticated than ever before, taking advantage of new techniques and flaws in public awareness to commit devastating acts. To keep public citizens and private enterprises safe from potent threats requires an even greater degree of sophistication and advanced technology.

Suspect Detection Systems Inc. (SDS) is a developer of proprietary anti-terror and anti-crime technology designed to identify threats in real-time, and prevent incidents before they are carried out. The technology detects the hidden ‘hostile intent’ of assailants-before they commit their intended acts-with a remarkable

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Cubic Corporation (...

If you still haven't put any defense and aerospace stocks in your portfolio, you should seriously consider doing so before October. There are plenty of these 'war' stocks to choose from including ones that pay high yields. Here are some that you may want to site your scopes on and possibly pull the trigger. All of these have market caps over $1 billion.Alliant Techsystems Inc. (ATK) manufactures and markets aerospace and defense products and ammunition. The stock has a PE of 16, and a PEG of 1.56.Boeing (BA) makes and markets jets, military aircraft, missile defense systems, satellites, and launch systems. The stock has a PE of 11, a PEG of 0.83, and pays a yield of 2.8%.CAE Inc. (CGT) makes and markets simulation equipment and services to the civil aviation industry, military organizations, and defense organizations. The ...