The Boeing Company (BA) announced that it has completed the acquisition of Inmedius. Inmedius is a provider of software applications and services for managing and sharing information and learning content. The deal was first announced on April 26, 2012. Inmedius has approximately 75 employees and is headquartered in Pittsburgh, Pennsylvania, with offices in the United Kingdom and India.
Inmedius will be integrated into Continental DataGraphics (“CDG”), a subsidiary of Boeing Commercial Aviation Services business. Inmedius President and CEO Mr. Gary L. Schaffer will continue to lead the business, reporting to CDG President and CEO Mr. David Malmo.
Headquartered in Long Beach, California, CDG has more than 1,200 employees worldwide, with offices in multiple locations across the U.S., United Kingdom and India. The company provides technical services, technical documentation, training solutions and software solutions for defense and space, commercial aviation, manufacturing, energy, and other engineering-focused industries.
Boeing enjoys a unique position as the largest aircraft manufacturer in the world in terms of revenues, orders and deliveries, and is one of the largest aerospace and defense contractors in the world. Besides, its revenues are spread across more than 90 countries around the globe.
Boeing recently raised its fiscal 2012 earnings per share to a range of $4.15–$4.35 versus its earlier guidance range of $4.05–$4.25. Revenue guidance for 2012 is expected to be between $78 billion and $80 billion. Commercial Airplanes' 2012 deliveries are expected to be between 585 and 600 airplanes and are already sold out. This includes an expected 70 to 85 787 and 747-8 deliveries. Commercial Airplanes' 2012 revenue is expected to be between $47.5 billion and $49.5 billion with operating margins between 8.5% and 9%.
In the defense space, however, the threat of cutbacks will loom over the company going forward. Overall, Boring expects defense revenue for 2012 to be between $30.0 billion and $30.5 billion with operating margin greater than 9%.
Boeing currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. Considering the fundamentals, we are maintaining our Neutral recommendation on the stock. This is in sync with other aerospace and defense behemoths, Lockheed Martin Corporation (LMT) and Raytheon Company (RTN).
BOEING CO (BA): Free Stock Analysis Report
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RAYTHEON CO (RTN): Free Stock Analysis Report
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