Weak Book-to-Bill Ratio from Prime Contractors Shows Sales Declines Are Here to Stay

Weak Book-to-Bill Ratio from Prime Contractors Shows Sales Declines Are Here to Stay

* Northrop Grumman’s 2013 sales were down 2.2% to $24.7B. Total backlog shrunk 9.3% to $37B, with a book-to-bill ratio of only 89% in 2013. Thus the company predictably provides guidance below $24B in revenue for 2014. Aerospace and Electronic systems have...
Weak Book-to-Bill Ratio from Prime Contractors Shows Sales Declines Are Here to Stay

Boeing’s Humongous Backlog is Overwhelmingly Commercial

* Boeing reported 2013 revenue up 6% to a record $86.6B. Total backlog grew by $51B to $441B. As big as that number is, Airbus towers above it with more than $800B in their order book, or 8 years of production. Is this too much of a good thing? Boeing’s Defense,...
Weak Book-to-Bill Ratio from Prime Contractors Shows Sales Declines Are Here to Stay

Supporting Britain’s Apaches: IOS and Beyond

AH Mk.1(click to view full) Britain flies a unique version of the AH-64D Apache Longbow, built under license from Boeing by AgustaWestland. Their AH Mk.1s have put their more powerful Rolls Royce/ Turbomeca RTM322 engines to good use in Afghanistan’s...