The Boeing Company Planning to Join Next Generation Aegis Missile Program – NYSE:BA

Performance on November 17, 2010 of The Boeing Company NYSE:BA plunged 0.45% with the closing price of $62.50. The overall volume in the last trading session was 8.15million shares. Its fifty two week range was $50.75 – $76.00. The total market capitalization remained $ 46.66 billion. As a recent development form Boeing it's reported on 12th November that company submitted a proposal to the US missile defense agency for the concept definition and program planning phase of the Next Generation Aegis Missile (NGAM). The Boeing Company NYSE:BA has been scheduled to announce its earnings on January 24, 2011. On 3rd November 2010 Company declared a dividend of $0.42 on its common stock. After the dividend declaration, company got significant strength not only in the share price but mainly in the shares volume. On the start of November the BA was being traded on $70.48 and after dividend declaration got strengthen on 5th November after gaining the amount of $71.27. On first November the company's share volume was 3.32 million which then surged to 10.49 million on November 10 and now being traded at 16.72, according to the latest data. There was a mixed trend from July till September. In July the share price was slumping under the range of $60.00 to $62.00. The position got strengthened in the mid of August and achieved above $68.00. The deteriorating condition in September then got better on start of October and being traded in the range of $70.00 to $72.00. Company reported a quarterly revenue growth rate of 1.70% on year over year basis and declared a net income applicable to common stock holders of $3.43 billion. Company had most recent quarter total cash of $9.91 billion and a total debt of $12.42 billion resulting in a total debt to equity ratio of 278.83. The Boeing Company (Boeing) is involved in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. The Company operates in five business segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S), and Boeing Capital Corporation (BCC). Boeing's other segment includes the activities of engineering, operations and technology (EO&T), and intercompany items.
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