Analysis Western Michigan University Department of Accountancy Fall 2013 By: Adam A. Marshall Introduction: The following is a careful‚ financial statement analysis of two competing companies‚ Boeing Corporation (Boeing) and Lockheed Martin Corporation (Lockheed)‚ in the aircraft‚ aerospace and defense industries. The format of the following paper coincides with the financial statement analysis process‚ as discussed in Financial Reporting‚ Financial Statement
Premium Balance sheet Income statement Financial statements
Current Market Outlook 2013 –2032 Current Market Outlook 2013 –2032 Outlook on a Page World regions Market growth rates World regions Market value: $4‚840 billion World economy (GDP) Delivery units Share of fleet 2012 to 2032 100% 3.2% 9% 13% 75% Number of airline passengers 2% 6% 50% 4.1% 25% Airline traffic (RPK) 70% 5.0% Cargo traffic (RTK) 0% 2012 Airplanes 20‚310 5.0% • Regional jets • Single aisle 2013
Premium Airline Gross domestic product Economic growth
Airbus is one of the world’s leading manufacturers of commercial jetliners and military air lifters. Airbus established in 1970‚ introduced the first wide-bodied twin engine aircraft. Airbus is recognized for its innovative design and technology‚ which offers fuel saving and maintenance advantages over its competitors. Airbus employees over 55‚000 people at sixteen sites in four European countries: Germany‚ France‚ The United Kingdom‚ and Spain. This paper contains information external
Premium United Kingdom Airline Avianca
Analysis of Boeing 787: The Dreamliner Boeing announced the launch of a new jetliner called the Dreamliner (Boeing 787) and hoped to regain its leadership role in the commercial airline industry. I will apply the theories of competitive forces model and the macro-environment to analyze the Boeing case in the following exploration‚ and then give my suggestions. According to the competitive force model‚ the first point of the risk of entry by potential competitors is neither high nor low because
Premium Boeing 787 Boeing Singapore Airlines
THE BOEING 7E7 Teaching Note Synopsis and Objectives In 2003‚ the Boeing Company announced plans to build a new “super-efficient” commercial jet called the “7E7” or “Dreamliner.” This was a “bet the farm” gamble by Boeing‚ similar in magnitude to its earlier introductions of the 747 and 777 airliners. The technological superiority of the new airframe‚ as well as the fact that it would penetrate a rapidly growing market segment‚ were arguments for approval of the project. On the other hand‚ the
Premium Arithmetic mean Net present value Rate of return
MREJEN Corentin Wednesday‚ October 10 2012 Case Analysis: Airbus in China 1. Identify the key management issues facing Airbus in China. Since 1985‚ cooperation between Airbus and China covers the commercial‚ industry and research sectors. Laurence Barron‚ president of Airbus China since January 2004 is willing to expand this cooperation with Chinese aviation industry. Heading this way‚ a joint venture was launched in September 2008 owned by the European aircraft-maker for 51%‚ with the
Premium Airbus Boeing Han Chinese
Simplified Valuation Analysis for the Airbus A3XX Key Assumptions as of 2008 Price per Plane Number of Planes Operating Margin $225 40 17.5% Discount Rate Assumptions (a) Risk-free Rate 6.0% 10-year US Treasury yield (p. 8) Asset Beta 0.84 Risk Premium 6.0% Discount Rate 11.0% in millions General Assumptions as of 2000 Inflation Rate 2.0% Tax Rate 38.0% Results from the Model NPV = After-tax IRR = Pre-tax IRR = # planes sold by 2019 Capacity Constraint Violated? Required Investment as of 2000
Premium Net present value Cash flow Generally Accepted Accounting Principles
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfgh jklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvb nmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwer tyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfg
Premium Airline Boeing 787 Boeing Commercial Airplanes
Abstract This paper analyzes the goals and actions of Boeing by analyzing its critical success factors as well as its strategic roadmap. Introduction The Boeing Corporation is one of the largest manufacturers in the world. Rivaled only by European giant Airbus in the aerospace industry‚ Boeing is a leader in research‚ design and manufacture of commercial jet airliners‚ for commercial‚ industrial and military customers. Despite enjoying immense success in its market and dominating an industry
Premium Boeing Commercial Airplanes Boeing Boeing 737
A to Z - Abbreviations & Acronyms http://www.chipsplace.com/helpful/Airbus/A%20to%20Z.htm#Abbreviations A to Z - Abbreviations & Acronyms (complete list found in back of PH) The really short list of Airbus acronyms and abbreviations: (before you get to it try to figure out what THS is) α – Stands for ALPHA as in α PROT. Refers to Angle of Attack. ACM – Air Cycle Machine ACP – Audio Control Panel‚ allows pilot to select which radios or interphones to listen to. ADIRS - Air Data Inertial Reference
Premium Aircraft components Aviation terminology Rocket