Stocks In Action: The Boeing Company (NYSE:BA), American Airlines Group Inc. (NASDAQ:AAL), Ford Motor Company (NYSE:F)
Dallas, Texas, 09/22/2014 (ustrademedia) – The Boeing Company (NYSE:BA) aviation technology support provider, Rockwell Collins Inc, reported that it has seen growth in the past two years, delivering much higher than its 2015 forecast, on both the profit as well as sales front. BAs technical support provider reported share buyback plans as well. Following the gains, the company stock showed 2.7% gains, closing at $79.93 in February. Kelly Ortberg, Chief Executive Officer commented, “We have reached the bottom in our defense and business aviation cycles, and we now realize the benefits of completing investments.”
American Airlines Group Inc (NASDAQ:AAL) has finally achieved a break through with its staff. AAL announced on Friday that the preliminary round of talks has resulted in an “a tentative contract agreement,” with the Association of Professional Flight Attendants. These conciliatory steps between the opposing sides of the airline are critical. As the lives of nearly 24,500 of stewards and US-based flight attendants are at stake, the tentative contract agreement is a positive step forward.
Ford Motor Company (NYSE:F) on Friday announced that it was cutting back on production. This is with reference to its German-based car manufacturing units, where it currently produces Fiesta subcompact. The decision to pull-back on the production numbers was due to the lack of growth seen in the second half of 2014. Colonge’s factory is all set to stop production for over a week and more, at 11 days, over the remaining months of the year. The cut-back for these days will result in the company producing “1,550 autos from 1,850 vehicles,” reported, spokesman Adrian Schmitz. F spokesman also shared, “We will continue to monitor the market and adapt the production volumes in line with market demand.” It was in early months of this year that Ford had increased the number of cars to be produced from 1,650 to 1,850; Schmitz reported. However, the growth increase remained, in Europe at 8.1% from August onwards, reporting 9% increase in the eight-months.