We're on the downward slope of the commercial airplane cycle. But given the rebound the company has been able to make in improving production efficiencies, they should be able to offset the decline in revenue as operating profits improve going forward.
More Quotes from Peter Jacobs:
Boeing will have its work cut out to make up those deliveries,Peter Jacobs
They were fighting all the time with the Shoshone. It was ironic they would be placed on the Shoshone reservation. It doesn't say much about the federal government and its policies.
Peter Jacobs
I think the stock is a good value here, ... There is a lot of uncertainty, but from a valuation standpoint, this stock is as cheap as it's ever been and it has one of the best balance sheets in the business.
Peter Jacobs
Airbus had a splendid year in 1999 in achieving record new airplane orders, no doubt about it, ... At the same time, you have to remember that Boeing has an incredibly strong backlog of business -- nearly 1,500 airplanes. They should be able to the deliver the majority of new airplanes in the future.
Peter Jacobs
Like most industrial companies, Boeing is trying to keep the lid on pensions and post-retirement health care costs.
Peter Jacobs
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