"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, April 26, 2006

Boeing - Stunning Q1 2006 results. EPS grows 33%

Boeing's CEO Jim McNerney told me today," that Boeings backlog was a record US$213 up 42% from a year ago., 1022 aircraft orders won in 2005 and 176 in Q1."

The results published later today are impressive ...First-quarter EPS increased by a sizzling 33 % to US$0.88 as net income grew 29 percent to US$692 million.Revenue grew a whopping 12% to US$14.3 Bn. while operating cash flow increased 46 percent to US$2.1 Bn.Earnings from operations rose 40 percent to $959 million .

Jim also confirmed its 2006 outlook for revenue of $60 billion and earnings of $3.25 to $3.45 a share; it also backed a 2007 revenue estimate of $63.5 billion to $64.5 billion and an earnings estimate of $4.10 to $4.30 a share.

The next big hurdle Jim says is an important U.S. Air Force air-to-air tanker refueling contract, a deal Boeing once had in hand until an untidy ethics blow-up cost them the work, against a team from Airbus and Northrop Grumman.

See more here

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