aerospace Archives - CFO

Raytheon Names Neil Mitchill as New CFO

Raytheon Names Neil Mitchill as New CFO

Mitchill, a former United Technologies executive, replaced Toby O'Brien, who stepped down after six years as finance chief.

By Matthew Heller | April 12, 2021

Rolls-Royce Hires Former Deloitte Partner as CFO

Rolls-Royce Hires Former Deloitte Partner as CFO

Panos Kakoullis will join Rolls as it tries to weather the historic aerospace downturn resulting from the coronavirus pandemic.

By Matthew Heller | February 16, 2021

Boeing Posts $466M Loss, Announces Job Cuts

Financial Performance

Boeing Posts $466M Loss, Announces Job Cuts

The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.

By Matthew Heller | October 28, 2020

Rolls-Royce to Cut 9,000 Jobs Amid Coronavirus Crisis

Rolls-Royce to Cut 9,000 Jobs Amid Coronavirus Crisis

Most of the cuts will come in the civil aerospace division, which makes engines for Boeing and Airbus.

By Lauren Muskett | May 20, 2020

Boeing Stock Drops 3% Despite Delivery Record

Financial Performance

Boeing Stock Drops 3% Despite Delivery Record

The company shipped a record 202 commercial aircraft in Q3 but its KC-46 military tanker program continues to experience delays.

By Matthew Heller | October 25, 2017

Honeywell to Spin off $7.5B in Businesses

Honeywell to Spin off $7.5B in Businesses

The company's aerospace unit will remain in its portfolio despite pressure from activist investors to spin it off.

By Matthew Heller | October 10, 2017

Northrop Goes Deep Into Space With Orbital Buy

Northrop Goes Deep Into Space With Orbital Buy

The $7.8 billion deal gives the defense contractor access to the small satellite market and boosts its presence in the missile business.

By Matthew Heller | September 18, 2017

UTC to Buy Rockwell in $30B Aerospace Merger

UTC to Buy Rockwell in $30B Aerospace Merger

Like other aerospace suppliers, United Technologies is seeking to cut costs and enhance negotiating power in the face of pricing pressure from customers.

By Matthew Heller | September 5, 2017

Cost-Cutting Pays off for Boeing in 4th Quarter

Cost-Cutting Pays off for Boeing in 4th Quarter

The company ended a tough 2016 on a high note as its focus on lowering costs delivered profits that topped analysts' estimates.

By Matthew Heller | January 25, 2017

WTO Tells U.S. to Withdraw Boeing Tax Break

WTO Tells U.S. to Withdraw Boeing Tax Break

A finding that a Washington state measure amounted to an illegal subsidy given the EU a partial victory in a trade battle with the U.S.

By Matthew Heller | November 28, 2016

Rockwell to Acquire B/E Aerospace for $6.4B

Rockwell to Acquire B/E Aerospace for $6.4B

"It’s really the transition to the digital airplane that's creating the perfect timing to bring these two entities together," Rockwell says.

By Matthew Heller | October 24, 2016

Boeing Takes Steps to Improve Cash Flow

Boeing Takes Steps to Improve Cash Flow

The aerospace giant is taking longer to pay its supplier bills after depleting its cash pile to buy back shares.

By Matthew Heller | July 7, 2016

Northrop Grumman CFO’s Job: Attack the Hackers

Information Security

Northrop Grumman CFO’s Job: Attack the Hackers

Like other companies, Northrop Grumman is focusing on what to do after an attack, because you just can’t prevent them all.

By David Katz | February 26, 2015