iShares US Aerospace & Defense

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  • uploads///LMT Dividend Payout
    Industrials

    An investor’s introduction to Lockheed Martin Corporation

    In 2013, Lockheed Martin clocked revenues of $45.4 billion. Of its revenues, 82% come from the U.S. government, around 17% from international customers, and 1% from other U.S. commercial customers.

    By Ally Schmidt
  • uploads///part  eps guidance
    Earnings Report

    Alcoa Lowers Guidance for Aerospace Business for the Second Time

    During its 3Q16 earnings call, Alcoa reduced its EPS segment’s fiscal 2016 revenue guidance to $5.6 billion–$5.8 billion from $5.9 billion–$6.1 billion.

    By Mohit Oberoi, CFA
  • uploads///
    Company & Industry Overviews

    Honeywell Aerospace’s Recent Developments in Connectivity

    In September 2015, Honeywell acquired Aviaso Software, a privately held aviation software company based in Switzerland. Aviaso develops and provides fuel efficiency and emission-saving software to the airline industry.

    By Shannon Black
  • uploads///part  oppurtunity
    Basic Materials

    How Can Arconic Offer Long-Term Value to Investors?

    The comps that Alcoa (AA) highlighted for its Value-Added business currently trade at an average of 9.3x their forward EV-to-EBITDA.

    By Mohit Oberoi, CFA
  • Industrials

    Why LMT’s earnings increased despite the revenue decline

    One of LMT’s cost reduction activities includes transferring employees from a defined benefit plan to a defined contribution plan. This reduced the company’s pension costs.

    By Ally Schmidt
  • Industrials

    Why Lockheed Martin’s decreasing orderbook is a concern

    An order backlog is an important indicator for investors to understand how a manufacturing company’s revenue could grow in the future.

    By Ally Schmidt
  • Industrials

    Lockheed Martin combats the impact of sequestration

    The impact of sequestration is different for Lockheed Martin’s (LMT) different business segments. For segments with longer product cycles, like Aeronautics and Space Systems, the impact will be muted.

    By Ally Schmidt
  • uploads///Boeing Order
    Company & Industry Overviews

    Boeing Loses Huge Aircraft Order to Airbus

    Boeing has reportedly lost a huge aircraft order to Airbus. According to Reuters, GE Capital Aviation Services has ordered 25 Airbus planes.

    By Anirudha Bhagat
  • uploads///Boeing  Whistleblower
    Company & Industry Overviews

    Boeing 787: Trouble Due to Whistleblower’s Claims?

    A whistleblower’s new allegations could mean more trouble for Boeing’s 787 Dreamliner program. The latest revelations could make Boeing’s problems worse.

    By Anirudha Bhagat
  • uploads///Boeing Earnings
    Company & Industry Overviews

    Why Boeing Didn’t Disappoint despite Q3 Earnings Miss

    Boeing (BA) delivered mixed third-quarter results. The company’s revenues beat analysts’ expectations. However, Boeing’s earnings missed the estimates.

    By Anirudha Bhagat
  • uploads///Boeing MAX Return
    Company & Industry Overviews

    More Delays Cast a Shadow over Boeing MAX’s Return

    Southwest Airlines announced that it had removed all Boeing MAX aircraft from its flight schedules until February 8—its seventh extension in seven months.

    By Anirudha Bhagat
  • uploads///Boeing X
    Company & Industry Overviews

    Is the Boeing 777X Launch Likely to Delay Further?

    Boeing aims to launch its ultra-wide-body long-range 777X jet next year. However, launch customer Emirates suspects this might not be possible.

    By Anirudha Bhagat
  • uploads///Boeing  MAX
    Company & Industry Overviews

    Why Boeing 737 MAX May Not Fly Again This Year

    On October 11, an international safety panel slammed Boeing and the FAA for the faulty certification process for the Boeing 737 MAX aircraft.

    By Anirudha Bhagat
  • uploads///Boeing
    Company & Industry Overviews

    Is the Boeing 787 Dreamliner Program in Trouble?

    Boeing’s (BA) 787 Dreamliner program might be in trouble. A major customer has canceled billions of dollars’ worth of orders.

    By Anirudha Bhagat
  • uploads///Boeing Aircraft Delivery
    Company & Industry Overviews

    Boeing Aircraft Deliveries Fell 70% due to 737 MAX Crisis

    Last month, Boeing’s overall deliveries plunged 70% year-over-year to 26 planes from 87. From January to September, it shipped 302 aircraft.

    By Anirudha Bhagat
  • uploads///Boeing MAX Return
    Company & Industry Overviews

    Will Boeing MAX Return Get Delayed Due to Regulators’ Rift?

    The return of Boeing’s (BA) 737 MAX aircraft might face more delays due to friction between US and European regulators.

    By Anirudha Bhagat
  • uploads///Boeing Defense Order
    Company & Industry Overviews

    Boeing Gets Major Defense Order amid MAX Crisis

    Amid ongoing troubles with its 737 MAX commercial planes, Boeing has received some positive news: $2.9 billion in orders from the US Department of Defense.

    By Anirudha Bhagat
  • uploads///Boeing Defense Order
    Company & Industry Overviews

    Boeing: Thailand Plans Multimillion-Dollar Defense Order

    Boeing could receive a multimillion-dollar defense order soon. Thailand’s army announced its plans to purchase eight Boeing attack helicopters, according to a report.

    By Anirudha Bhagat
  • uploads///Boeing  MAX
    Company & Industry Overviews

    Is Boeing Getting FAA Inspectors into Trouble?

    The US Office of Special Counsel has made serious allegations about the FAA’s Boeing 737 MAX certification process, Bloomberg reported on September 24.

    By Anirudha Bhagat
  • uploads///Boeing  Dreamliner
    Company & Industry Overviews

    Boeing: Eight Dreamliner Orders from Air New Zealand

    Air New Zealand announced this morning that it had signed a deal with Boeing (BA) to buy eight 787-10 Dreamliner planes, according to Reuters.

    By Anirudha Bhagat
  • uploads///Boeing  MAX
    Company & Industry Overviews

    Boeing 737 MAX: Indonesia Blames Design Flaws, Vetting

    Indonesian investigators have identified some of the causes of the Boeing (BA) 737 MAX Lion Air crash on October 29, 2018.

    By Anirudha Bhagat
  • uploads/// MAX
    Industrials

    How Much Boeing’s 737 MAX Fiasco Has Cost Investors

    The 737 MAX accounted for nearly 70% of Boeing’s overall commercial aircraft deliveries, and 30% of its total operating profit.

    By Anirudha Bhagat
  • uploads/// MAX
    Company & Industry Overviews

    Boeing 737 MAX: CEO Expects Return by December

    Boeing (BA) CEO Dennis Muilenburg has once again reiterated his expectations about the 737 MAX resuming services in the fourth quarter.

    By Anirudha Bhagat
  • uploads/// MAX
    Company & Industry Overviews

    737 MAX Crisis Hurts Boeing Aircraft Deliveries

    Due to the 737 MAX’s grounding, Boeing (BA) has seen a massive decline in aircraft deliveries. BA shipped 18 commercial aircraft in August, down 72% YoY.

    By Anirudha Bhagat
  • uploads///Boeing X
    Company & Industry Overviews

    Boeing: New 777X Issues Won’t Impact Test Schedule

    Boeing (BA) stock closed 3% higher yesterday after the company said its latest 777X issues wouldn’t impact its test schedule.

    By Anirudha Bhagat
  • uploads///Boeing Plane
    Company & Industry Overviews

    Boeing 777X Delay Could Block These Airlines’ Plans

    New regulatory problems may further delay Boeing’s (BA) delivery of its first ultra-long-range 777X series plane, hindering some airlines’ plans.

    By Anirudha Bhagat
  • uploads///Boeing Planes
    Company & Industry Overviews

    Boeing Stock Slid on Fears of Delayed 737 MAX Return

    Boeing (BA) stock fell nearly 3% yesterday following a report that sparked fears of further delays to the 737 MAX’s return to the skies.

    By Anirudha Bhagat
  • uploads///Boeing  Max
    Company & Industry Overviews

    Boeing 737 MAX Update: IATA Expresses Concerns

    IATA CEO Alexandre de Juniac has expressed concerns about a rift among global airline regulators over the approval Boeing’s (BA) 737 MAX’s return to service.

    By Anirudha Bhagat
  • uploads///Boeing Plane
    Industrials

    Why Boeing Outperformed the Broader Market in August

    After falling 6.3% in July, Boeing (BA) stock made a strong comeback last month. The stock gained 6.7% in what was a highly volatile August.

    By Anirudha Bhagat
  • uploads///Boeing  ER
    Company & Industry Overviews

    Boeing Gets New Orders for Its 777-300ER Aircraft

    Boeing received positive news today. The aircraft manufacturer unveiled that it had received new orders for its twin-aisle wide-body 777-300ER aircraft.

    By Anirudha Bhagat
  • uploads///Boeing F
    Company & Industry Overviews

    Boeing Won Another Major Defense Contract in August

    Amid the ongoing crisis with Boeing’s (BA) 737 MAX aircraft, the company won another major defense contract in August from the USAF.

    By Anirudha Bhagat
  • uploads///Boeing Planes
    Company & Industry Overviews

    Boeing MAX: Customer Sues to Cancel Orders, Stock Fell

    Boeing (BA) stock fell 1.2% on Tuesday after a Russian aircraft leasing company filed a lawsuit to cancel orders for the troubled 737 MAX jets.

    By Anirudha Bhagat
  • uploads///Boeing MAX
    Company & Industry Overviews

    Will Boeing 737 MAX Planes Return to Skies in October?

    Boeing stock survived the market sell-off on August 23. It gained on the day in anticipation of its troubled 737 MAX jets flying once again in October.

    By Anirudha Bhagat
  • uploads///Boeing MAX
    Basic Materials

    Boeing Rises on 737 MAX Production Ramp-Up News

    Boeing (BA) stock closed 4.2% higher yesterday on news of its production ramp-up plan for its troubled 737 MAX planes.

    By Anirudha Bhagat
  • uploads///Stock Market
    Consumer

    Dow Jones Rose by 240 Points Led by Boeing and Apple

    On Wednesday, the Dow Jones Index’s outperformance was mainly due to an increase in two of its high-weighted stocks—Boeing (BA) and Apple (AAPL).

    By Anirudha Bhagat
  • uploads///A  Thunderbolt
    Company & Industry Overviews

    Boeing Gets $999 Million Contract to Upgrade A-10 Wings

    Yesterday, the US Air Force awarded a $999 million contract to Boeing (BA) to upgrade the wings of its A-10 Thunderbolt II attack aircraft.

    By Anirudha Bhagat
  • uploads///Boeing Planes
    Company & Industry Overviews

    Will Boeing MAX Deliveries Resume in Q4?

    Boeing plans to hire hundreds of temporary staff to help get the grounded 737 MAX planes ready for delivery. The company is waiting for regulatory safety approval.

    By Anirudha Bhagat
  • uploads///Boeing Planes
    Company & Industry Overviews

    Boeing Delays Delivery of Another 777X Variant Aircraft

    Boeing (BA) has pushed back the delivery of yet another variant of its ultra-long-range 777X jets, Reuters reported on August 14.

    By Anirudha Bhagat
  • uploads///Boeing Planes
    Company & Industry Overviews

    Boeing’s Deliveries Fall Behind Airbus’s Due to MAX Crisis

    Problems with 737 MAX planes have continued to impact Boeing’s commercial aircraft deliveries. Its commercial aircraft shipments plunged in July.

    By Anirudha Bhagat
  • uploads///Merger
    Company & Industry Overviews

    Daniel Loeb’s Third Point Cuts Stake in United Technologies

    Daniel Loeb’s Third Point has reduced its stake in United Technologies. As per a regulatory filing, the fund sold 480,000 UTX shares in the second quarter.

    By Anirudha Bhagat
  • uploads///Boeing
    Basic Materials

    Boeing CEO Reaffirms a September Fix to 737 MAX Software

    Boeing CEO Dennis Muilenburg expressed optimism over the 737 MAX’s Q4 return to service. Boeing plans to submit the MAX certification packages next month.

    By Anirudha Bhagat
  • uploads///Boeing KC
    Company & Industry Overviews

    Boeing Wins $55.5 Million KC-46 Modification Contract

    Boeing (BA) won a $55.5 million contract for certain modifications in the telescopic boom of the KC-46 Pegasus refueling tanker from the US Air Force.

    By Anirudha Bhagat
  • uploads///Boeing Airplanes
    Company & Industry Overviews

    Boeing Plans to Redesign Its 737 MAX Flight-Control System

    Boeing (BA) is reportedly planning to make fundamental changes to the flight-control system of its troubled 737 MAX jets.

    By Anirudha Bhagat
  • uploads///Boeing Dreamliner
    Company & Industry Overviews

    Boeing Dreamliner Faces Production Quality Issues

    Rising safety concerns about the Dreamliners could create more problems for Boeing. The stock has already fallen significantly in the last four months.

    By Anirudha Bhagat
  • uploads///Boeing Planes
    Industrials

    What Dragged Boeing Stock Down 6.3% in July?

    Boeing stock continued its fall last month, losing another 6.3% of its market cap. BA fell mainly after it reported dismal second-quarter results.

    By Anirudha Bhagat
  • uploads///Boeing
    Company & Industry Overviews

    Boeing 737 MAX Update: Quick Return to Service?

    Boeing (BA) stock gained more than 2% on Tuesday. There’s hope that the Boeing 737 MAX planes might return to service quickly.

    By Anirudha Bhagat
  • uploads///Image
    Company & Industry Overviews

    Boeing Falls behind Airbus in Aircraft Deliveries

    The ongoing trouble with 737 MAX series planes has been hurting Boeing’s (BA) overall commercial aircraft deliveries.

    By Anirudha Bhagat
  • uploads///Image
    Company & Industry Overviews

    Spirit AeroSystems Downgraded on Boeing’s 737 MAX Uncertainty

    Shares of Spirit AeroSystems Holdings (SPR) fell nearly 3% after investment company Jefferies downgraded its rating on the stock and slashed its earnings outlook.

    By Anirudha Bhagat
  • uploads///Boeing
    Basic Materials

    Boeing Stock Fell Nearly 4%, More 737 MAX Concerns

    On Thursday, Boeing (BA) stock fell nearly 4%. Investors were cautious about the company shutting down the 737 MAX production.

    By Anirudha Bhagat
  • uploads///Airplane
    Earnings Report

    Why Boeing Missed Q2 Earnings Estimates

    Boeing (BA) reported dismal second-quarter results with the top and bottom lines both missing Wall Street analysts’ estimates.

    By Anirudha Bhagat
  • uploads///Aircraft
    Earnings Report

    How Much Did 737 MAX Fiasco Hurt Boeing’s Q2 Earnings?

    Boeing (BA) plans to report its second-quarter 2019 results on July 24.

    By Anirudha Bhagat
  • uploads///Airplane Parking
    Company & Industry Overviews

    How Much the 737 MAX Grounding Could Cost Boeing

    The 737 MAX fiasco is expected to hurt Boeing’s (BA) second-quarter financial results severely.

    By Anirudha Bhagat
  • uploads///Boeing MAX Jets
    Company & Industry Overviews

    Boeing Names a New Leader for Its Troubled 737 MAX Program

    Boeing (BA) announced a leadership change in its troubled 737 MAX program, Reuters reported on Thursday, citing a company memo.

    By Anirudha Bhagat
  • uploads///Image
    Company & Industry Overviews

    Boeing: New Glitch to Delay 737 MAX Return to Service

    The return of Boeing’s (BA) 737 MAX jets to service could be delayed. The FAA (Federal Aviation Administration) found a new safety issue.

    By Anirudha Bhagat
  • uploads///part
    Fund Managers

    Valuing Berkshire Hathaway: Buffett Solved the Puzzle

    In his 2018 annual shareholder letter, Warren Buffett shared his views on how to measure Berkshire Hathaway’s intrinsic value.

    By Mohit Oberoi, CFA
  • uploads///fighter jet _
    Earnings Report

    What Do Analysts Expect of Boeing’s Q4 2018 Earnings?

    The Boeing Company (BA) is set to report its fourth-quarter earnings results on January 30.

    By Anirudha Bhagat
  • uploads///Chart  Cash Flow
    Company & Industry Overviews

    Strong Balance Sheet Helps Boeing Enhance Shareholder Wealth

    Boeing’s (BA) financial strength and cash flow–generating capabilities enable it to continue its shareholder return policy.

    By Anirudha Bhagat
  • uploads///Chart  Order Book
    Company & Industry Overviews

    Boeing Winning the 2018 Aircraft Order Race against Rival Airbus

    Boeing (BA) has been lagging behind Airbus in the order-booking race for the past few years. However, the company seems set on breaking that record this year.

    By Anirudha Bhagat
  • uploads///jetliner _
    Company & Industry Overviews

    Boeing Soared on Cowen Analyst’s Positive Comments

    Boeing rose 2.7% yesterday after Cowen aerospace analyst Cai von Rumohr named the company his number one stock pick for 2019.

    By Anirudha Bhagat
  • uploads///washing machine laundry tumble drier
    Macroeconomic Analysis

    Tax Rules: Are Changes Helping Durable Goods Orders?

    The durable goods orders in April were below the market expectations. The durable goods orders decreased by $4.2 billion or 1.7% to $248.5 billion.

    By Ricky Cove
  • uploads///BA_
    Company & Industry Overviews

    Should Investors Worry about Boeing’s Leverage Levels?

    Boeing (BA) operates in a highly capital-intensive industry.

    By Samuel Prince
  • uploads///BA_
    Company & Industry Overviews

    How Rising Crude Oil Prices Could Affect Boeing’s Order Book

    On May 22, crude oil (DBO) rose towards $80.0 per barrel.

    By Samuel Prince
  • uploads///
    Macroeconomic Analysis

    Are New Tax Rules Helping Capex Spending by Industries?

    As per the latest Conference Board LEI report, the core capital goods orders for April were valued at $39.1 billion as compared to the downward revised March reading of $39.0 billion.

    By Ricky Cove
  • uploads///BA
    Company & Industry Overviews

    Analyzing Boeing’s Free Cash Flows and Dividend Prospects in 2018

    On March 31, Boeing (BA) had cash and cash equivalents of $9.2 billion, up ~$400.0 million from $8.2 billion on December 31, 2017.

    By Samuel Prince
  • uploads///beach __
    Macroeconomic Analysis

    The VIX is telling you to Netflix and Chill

    The VIX (VXX) CBOE Volatility Index just closed today at its lowest point since early February, clocking in at 13.4.

    By JP Gravitt
  • uploads///banner _
    Macroeconomic Analysis

    Why US Manufacturing Activity Fell in March

    The manufacturing sector continues to expand despite the minor drop recorded in March.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Which Countries and Industries Could Be Affected by the Tariffs?

    Canada, the European Union, South Korea, Mexico, and Brazil are the largest exporters of steel and aluminum to the United States.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Why the US Economy Could See a Higher Deficit

    A government budget deficit occurs when an economy’s annual revenue is less than its total expenditure.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Analyzing the Producer Price Index in December

    The December PPI fell 0.1% month-over-month—compared to a 0.4% increase in November and October. The final demand index rose 2.6% in 2017.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    How the Recent Tax Cuts Could Affect Industries’ Investments

    Non-defense capital goods drop in November Non-defense capital goods orders exclude aircraft and defense purchases. The US Census Bureau releases a monthly report that tracks new orders for machinery, tools, and equipment for US industries. Defense and aircraft (ITA) orders are excluded from this report because they are usually large and distort the monthly reading. […]

    By Ricky Cove
  • uploads///
    Industrials

    The Effects of Flat Manufacturing Production Hours

    The average work week The US Bureau of Labor Statistics’ establishment survey includes data on the number of hours worked by manufacturing employees. Changes in the number of working hours help investors assess the health of the sector. A rise in the number of working hours signals that companies are projecting higher demand in the manufacturing sector […]

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Strength of the Manufacturing Sector: Purchasing Managers’ Index

    This has been one of the best years since 2004 for manufacturing activity, viewed through the Purchasing Managers’ Index (or PMI).

    By Ricky Cove
  • uploads///Dividend
    Company & Industry Overviews

    Could Boeing’s Dividend Payout Rise in 2017?

    Dividends Boeing (BA) has been paying dividends consistently for the past 20 years. In 3Q17, the company paid a total of $900 million in dividends, which was ~30% of its free cash flow generated in the quarter. Falling yield At its current market price of $268, Boeing has an indicated dividend yield of 2.1%. The yield has been […]

    By Ally Schmidt
  • uploads///Revenue
    Company & Industry Overviews

    How Boeing Performed in 3Q17

    Performance in 3Q17 In 3Q17, Boeing (BA) saw revenue of $24.3 billion, 2% growth from the $23.9 billion it reported in 3Q16. Its operating margin expanded from 9.5% in 3Q16 to 11.1% in 3Q17. The Commercial Airplanes segment recorded a 1% YoY fall in revenue to $15.0 billion. The segment’s operating margin expanded from 8.5% in 3Q16 to […]

    By Ally Schmidt
  • uploads///
    Macroeconomic Analysis

    How an Increase in the Producer Price Index Affects the Economy

    The October Producer Price Index rose 0.4% month-over-month, and it was unchanged compared to the September reading. On a year-over-year basis, the index has risen 2.8%.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    What Caused the Fall in Manufacturing Activity in October?

    The US Manufacturing PMI (purchasing managers’ index) for the month of October fell to 58.7, compared with 60.8 in September.

    By Ricky Cove
  • uploads///dividend
    Company & Industry Overviews

    How Investors View Boeing’s High Dividend

    High yield Despite the positive run-up Boeing (BA) stock has enjoyed in 2017, its current indicated dividend yield is 2.2%. Boeing’s dividend yield is now lower than the Dow Jones Industrial Average dividend yield of 2.7%. Peer Lockheed Martin (LMT) has an indicated dividend yield of 2.4%, United Technologies (UTX) has an indicated dividend yield […]

    By Ally Schmidt
  • uploads///Boeing canada order
    Company & Industry Overviews

    Canada Puts Boeing Defense Order on Hold

    The Canadian Air Force placed an order for 65 Lockheed Martin (LMT) F-35 fighter jets for $30 billion. The CAF canceled the order and replaced it with 18 Boeing CF-18 aircraft for $5.2 billion.

    By Ally Schmidt
  • uploads///
    Industrials

    What Stocks Should Be on Your Radar amid Geopolitical Tensions

    Renewed tensions arising out of North Korea’s missile launch on Tuesday had a major impact on volatility. Asian markets have declined more than 1% as risk aversion dominated markets.

    By Ricky Cove
  • uploads///
    Miscellaneous

    Which Stocks Will Benefit the Most from US-Korea Tensions?

    Some companies benefit in times of uncertainty, and some sectors provide cover for investors.

    By Ricky Cove
  • uploads///part  arconic
    Company & Industry Overviews

    Could Cash Strengthen Arconic as It Battles Elliott Management?

    According to Dow Jones, Elliott Management’s regulatory filings reveal that the company finds Arconic (ARNC) “dramatically undervalued.”

    By Mohit Oberoi, CFA
  • uploads///Impact of US Fiscal Stimulus on Global Growth
    Company & Industry Overviews

    Can Trump’s Fiscal Stimulus Boost Global Economic Growth in 2017?

    According to Goldman Sachs’s Jan Hatzius, the momentum in economic activity gained in 3Q16, and the Trump administration’s fiscal measures could help the economy to grow in 2017.

    By Mary Sadler
  • uploads///BCA
    Earnings Report

    Boeing Commercial Airplane Deliveries to Rise, Revenues to Follow

    In fiscal 2016, Boeing delivered 748 aircraft, which is 1.8% lower than the 762 aircraft it delivered in 2015 and helps explain its revenue decline.

    By Ally Schmidt
  • uploads///US jobs
    Company & Industry Overviews

    How Will the Boeing-Iran Deal Affect US Jobs?

    Boeing is the world’s largest aerospace company. It’s also the largest US exporter, exporting almost 3% of all its goods. These exported goods were worth ~$53 billion in 2014.

    By Ally Schmidt
  • uploads///part  arconic
    Miscellaneous

    Are Short-Term Challenges Playing on Arconic Investors’ Minds?

    The Engineered Products and Solutions business of consolidated Alcoa would be the key driver of Arconic’s earnings, given its share in the company’s earnings.

    By Mohit Oberoi, CFA
  • uploads///part
    Miscellaneous

    How Market Dynamics Impacted Alcoa and Arconic

    When Alcoa’s split was announced in September 2015, aluminum prices were trading near their six-year lows.

    By Mohit Oberoi, CFA
  • uploads///part  arconic atoi
    Earnings Report

    Arconic’s 3Q16 Income Falls on Lower Pricing and Higher Costs

    Arconic posted an ATOI (after-tax operating income) of $267 million in 3Q16. In comparison, its ATOI was $294 million in 2Q16 and $257 million in 3Q15.

    By Mohit Oberoi, CFA
  • uploads///PART  Arconic revenue
    Earnings Report

    Not Upstream, but Arconic Segments Hit Alcoa’s 3Q16 Earnings

    Last year, Arconic’s business segments compensated for the lower performance of Alcoa’s upstream business. But Arconic’s performance hasn’t matched market expectations this year.

    By Mohit Oberoi, CFA
  • uploads///part  upstream
    Earnings Report

    Alcoa 3Q16 Preview: Could Productivity Offset Pricing Pressure?

    Pricing pressure Previously, we looked at the different factors that could impact Alcoa’s (AA) 3Q16 upstream revenues. In this article, we’ll analyze how the company’s downstream revenues could play out in the quarter. Note that Alcoa’s downstream business consists of three segments: Engineered Products and Solutions (or EPS), Transportation and Construction Solutions (or TCS), and […]

    By Mohit Oberoi, CFA
  • uploads///part  arconic risk
    Basic Materials

    Investor Alert: Can Arconic Navigate Its Short-Term Challenges?

    Demand from the aerospace industry has grown at a steady rate for the last couple of years. Higher fuel prices have forced airline companies to order new energy-efficient aircraft.

    By Mohit Oberoi, CFA
  • uploads///part  arconic risk
    Basic Materials

    In Focus: What Challenges Would Arconic Face in the Short Term?

    Arconic’s post-split structure would include the business segments that are currently under the Global Rolled Products (or GRP), Transportation and Construction Solutions (or TCS), and Engineered Products and Solutions (or EPS) businesses.

    By Mohit Oberoi, CFA
  • uploads///part
    Earnings Report

    Better-than-Expected 2Q16 Operations Propel United Technologies

    United Technologies (UTX), a diversified industrial (RGI) conglomerate, released its earnings report for 2Q16 on July 26, 2016.

    By Shannon Black
  • uploads///part
    Earnings Report

    Honeywell’s Earnings: Defy Estimates despite Lower Margins

    Honeywell’s earnings per share grew 9% year-over-year to $1.53 in 1Q16 and topped street estimates by 3 cents.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Honeywell Completes Acquisition of Com Dev International

    Honeywell (HON) purchased Com Dev for $345 million net of debt and cash, which was equivalent to ten times the EBITDA of the target.

    By Shannon Black
  • uploads///Deliveries
    Earnings Report

    How Have Boeing’s Key Indicators Performed in 1Q16?

    For the next year, Boeing expects to see healthy order activity as airlines continue to restructure their fleets amid lower oil prices.

    By Ally Schmidt
  • uploads///part
    Company & Industry Overviews

    Why the Honeywell-United Technologies Merger Failed to Take Off

    Both Honeywell and United Technologies recently confirmed that they had engaged in conversations related to a potential merger to create a global aerospace behemoth.

    By Shannon Black
  • uploads/// innovative ability
    Macroeconomic Analysis

    How Has Technology Influenced Process and Product Innovation?

    One of the most prominent effects of technology is on the asset side of the balance sheet. Many technologies drive companies to employ fewer assets in order to generate higher returns.

    By Rick Rieder
  • uploads///post split structure
    Miscellaneous

    No Surprises in Alcoa’s Post-Separation Management Structure

    On November 24, Alcoa announced the executive management structure to be introduced following its split.

    By Mohit Oberoi, CFA
  • uploads///part  valuations
    Fund Managers

    Elliott Management Bet on Value Creation after Alcoa’s Split

    In its SEC regulatory filing disclosing its stake in Alcoa (AA), Elliott Management noted that it found Alcoa “dramatically undervalued by the public market.”

    By Mohit Oberoi, CFA
  • uploads///BA region wise revenue
    Earnings Report

    Boeing – a leader in the aerospace industry

    Boeing (BA) is one of the world’s largest aerospace companies. The company is a top US exporter. It’s focused on innovation.

    By Ally Schmidt
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