Defense contractor The Boeing Company (BA) and team member ProActive Technologies LLC of Orlando, Florida have submitted a bid for the U.S. Air Force’s B-52 Training System Contractor Logistics Support (CLS) program.
Under the contract, the companies are expected to provide program management and on-site CLS to operate, maintain, sustain and upgrade training devices located at Barksdale Air Force Base, Los Angeles, and Minot Air Force Base, North Dakota.
ProActive will be the prime contractor on the team for the project. Boeing, through its Global Services & Support division, will provide extensive expertise in developing training devices and in maintaining, modifying and upgrading the B-52 aircraft itself. The Air Force is expected to award the contract in March 2011.
ProActive Technologies provides state-of-the-art hardware and software design engineering and logistical and management support services to the simulation and training markets for government and private industry. ProActive has brought together industry-leading support, world-class training system capabilities and proven aircraft Original Equipment Manufacturer expertise to ensure the warfighter is training on contemporary devices.
Headquartered in Chicago, The Boeing Company is a premier jet aircraft manufacturer and one of the largest defense contractors in the U.S. The company designs and produces commercial airplanes (787, 737, 747, 767, 777), defense systems and civil and defense space systems.
The company’s customers include domestic and foreign airlines, the U.S. Department of Defense (DoD), the Department of Homeland Security, the National Aeronautics and Space Administration (NASA), other aerospace prime contractors and certain U.S. government and commercial communications customers.
During the second quarter conference call, Boeing provided its revenue guidance in the range of $64 billion to $66 billion for fiscal 2010. The company also provided earnings per share guidance in the range of $3.50 to $3.80 for full year 2010.
The Zacks Consensus Estimate for third quarter 2010 is earnings of $1.04 per share. For full years 2010 and 2011, the Zacks Consensus Estimates are $3.92 per share and $4.93 per share, respectively.
The stock has a Zacks #3 Rank (short-term Hold recommendation). We also reiterate our long-term Neutral rating.
BOEING CO (BA): Free Stock Analysis Report
Zacks Investment Research
