The US Federal Aviation Administration decided to charge Boeing Co. (NYSE:BA) $13.6 million, its second-biggest fine ever, for setbacks in informing airlines how to secure fuel-tank blasts on 383 aircraft.
Boeing was provided a Dec. 27, 2010, time limit to provide directions on how to include explosion-avoidance devices in its US-listed 747 jumbo jets and 757 single-aisle planes, as pre reported by an e-mailed statement on Friday by the Federal Aviation Administration.
The Chicago-located firm did not fulfill the time limit for 747s by 301 days, and was 406 days late for 757s, as pre stated by the FAA report.
Its competitors include Lockheed Martin Corporation (NYSE:LMT) that surged 1.43% to $1.43 with the total traded volume of 1.38 million shares and Northrop Grumman Corporation (NYSE:NOC) that moved up 2.62% to $63.79 with the total traded volume of 1.14 million shares.
Other industrial goods stocks with bullish trend include Hovnanian Enterprises, Inc. (NYSE:HOV) up 6.98% to $2.76, Colfax Corporation (NYSE:CFX) up 5.61% to $26.94 and Smith & Wesson Holding Corporation (NASDAQ:SWHC) up 4.91% to $9.63, whereas with bearish trend include Beazer Homes USA, Inc. (NYSE:BZH) down -1.40% to $2.82, Deere & Company (NYSE:DE) down -1.00% to $77.48 and Lennar Corporation (NYSE:LEN) down -0.13% to $31.02.
The Boeing Company (NYSE:BA) after opening at $71.93 hit high price of $73.56 and then closed at $73.51 by surging 2.51% and on last session volume of 3.62 million shares is lower than its average volume of 4.23 million shares.
The stock price volatility was 2.11% for a week and 1.80% for a month as well as price volatility’s Average True Range for 14 days was 1.46 and its beta remained 1.24.
The liquidity measure in recent quarter results of the company was recorded 1.21 as current ratio and on the other side the debt to equity ratio was 2.31 and long-term debt to equity ratio also remained 1.75. The Company had total cash at hand $10.46 billion and a book value per share as $6.71 in the most recent quarter.
BA generated revenue of 73.21 billion in the following twelve months and earned $4.35 billion. The Company showed a positive 5.94% in the net profit margin and as well as in its operating margin which remained 8.76%. Company’s annual sales growth for the past five year was 2.24%.
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