Boeing (NYSE: BA) Manufacturer Released Their Second Quarter Financial Results -Market News | Financial Buzz

Boeing (NYSE: BA) Manufacturer Released Their Second Quarter Financial Results

Boeing, Company, Chicago, NASA, DreamlinerBoeing (NYSE: BA), the Chicago based aircraft manufacturer released their second quarter financial results, which showed increases in sales in commercial and military areas.

The company sold 124 units of the Boeing 737 Next Generation jet airliner, an impressive increase of 7% since the same quarter in 2013. The Boeing 737 NG is a short- to medium-range commercial airplane, that was introduced in 1997 and since then almost 5,000 units has been sold across the globe, and 2,000 more orders are waiting to be delivered.

In addition, Boeing also increased production of their 787 Dreamliners. They have delivered 30 units of these liners as oppose to only 16 deliveries in the previous year. The Boeing 787 Dreamliner is a long-range commercial airplane that is flying the sky since 2009. So far, there are only 147 operational units of this airplane, and 900 hundred more are ordered for release.

The report caused the stock of Boeing to jump up a little, and is forecasted by analysts to continue and crawl upwards.

Outside the commercial spectrum, Boeing also improved its involvement with the military for defense purposes. The relationship between Boeing and the military is a long and prosperous one, which many of us unaware of.

Starting from 1939, which is when the Boeing Defense, Space & Security division was founded, the company manufactured everything starting from Bomber aircrafts and fighter jets, Rotorcrafts like the famous Apache attack helicopter, all the way to missiles and smart bombs. Aside from being the largest commercial airplane manufacturer in the world, Boeing is also the second most profitable company in times war, after Lockheed Martin (LMT).

Occasionally, Boeing also collaborates with NASA. In 2006 Boeing started building the Boeing X-37 Orbital Test Vehicle which was launched in 2010 by NASA. The most recent collaboration between the two is the CST-100, a spacecraft designed by Boeing and Bigelow Aerospace to enter the Commercial Crew Development (CCDev) program.

Commercial Crew Development is a program founded by the U.S government and developed by NASA, for rich space enthusiasts who really want to look down on earth from near orbit from a specially designed Commercial Crew space vehicles. Near orbit space travel should have happened decades ago, we had the technology available, but no one cared to properly fund this program. Now, even though the government plans to cut NASA’s budget, the private sector has finally showed interest, and some progress is being made. New designs and plans are being introduced, and when near orbit space tourism will kick off, Boeing will be the first to gain.