Homepage / Technology / Boeing sees more ‘excitement about space’ now than in the last few decades
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election

Technology

Boeing sees more ‘excitement about space’ now than in the last few decades

Boeing Defense, Space and Security division CEO Leanne Caret told CNBC that the aerospace giant is putting a new emphasis on space investment because of the rapidly changing landscape of the industry.

In an exclusive interview earlier this week, Caret called the company’s satellite business and space exploration two “key” opportunities to generate more growth.

“I think there’s an excitement about space that we haven’t seen in the last few decades that’s really keeping the conversation going in a positive direction, and the technology is something that can be leveraged across a number of other platforms and weapons systems,” Caret said. “So, it’s not as if it just benefits one category of the business. It helps across several.”

Caret says Boeing’s satellite business is getting more exciting, though she has not yet divulged details about how that part of her business is evolving.

Boeing has long developed satellites about the size of a school bus, but the industry’s push to downsize is putting new pressure on traditional manufacturers. Microsatellites, as small as a shoebox, are an integral part of commercial and military operators’ recent push to cut the cost and size of satellites.

Satellite companies like Planet and Spire Global continue to build miniaturized craft to help stream terabytes of data to and from Earth, as cash flows into space start-ups. The microsatellite industry is currently worth $2.92 billion, according to research firm MarketsandMarkets. It is expected to grow more than 20 percent annually to a value of more than $7.5 billion in 2022.

Boeing has no shortage of rivals. The ability to leverage space-based innovations across other industries such as defense and cybersecurity is likely a driving force behind rival Northrop Grumman’s nearly $8 billion acquisition of Orbital ATK, announced earlier this week.

On the heels of that deal – the industry’s largest in two years – Caret said Boeing is a “buyer” when it comes to acquiring more defense and space assets.

“We are continuing to look at other ways to increase our top line through mergers and acquisitions and we have a continued pipeline we’re assessing,” she said.

When asked whether Boeing is in any acquisition talks, Caret punted the question, saying “we’ll stay away from that.”

Competition in the sector continues to grow, from SpaceX and others, and Caret said she’s been narrowly focused during the first 18 months in her current role at Boeing. Top of mind are affordability and communication with customers. Caret continues to make sure her teams keep their customers’ perspectives in mind, for both commercial and military contracts.

“It’s not about us. Without our customers, we don’t have a business,” she said.

Caret confirmed Boeing is on track to put American astronauts back in space next year. Boeing’s Starliner spacecraft is being developed as a part of NASA’s commercial crew program. Designed to accommodate up to seven people, Starliner will make its debut test flight in June, with a crewed test flight in August.

SpaceX is also developing a manned spacecraft for the NASA program, the Dragon 2, and is on a similar testing schedule to Boeing.

Boeing signed a NASA contract in July 2014 to help develop the Space Launch System, a heavy rocket platform. It would be “the most powerful rocket ever built,” according to Boeing, but its maiden flight has been pushed back two years to 2019.

“We’ve seen very strong support for NASA and the program, and we continue to put our best and brightest on it,” Caret said.

She also talked about her dream for the autonomous side of Boeing’s space business, which includes the experimental X-37B space plane. The unmanned, highly secretive military craft resembles a miniature space shuttle and earlier this year completed a classified U.S. Air Force mission lasting nearly two years in orbit.

The Boeing executive says that by the time she retires from the company “we will be traveling in low-Earth orbit in unmanned vehicles.” She compared adapting the autonomous technology in spaceflight to how people grew to trust unmanned trains.

“If you recall back a few years ago, when you would get on a train without a conductor, people would get a bit nervous. Now, it’s just part of our natural routine,” Caret said.

While she’s been at the helm of the Boeing division for less than two years, Caret said space is in her blood, declaring herself “a space baby.”

“My folks met on the Saturn 5 program. I was born outside Kennedy Space Center” in Florida, Caret added. “I’ll say this: I’m not so sure ‘The Jetsons’ had it so wrong.”

Source: Tech CNBC
Boeing sees more ‘excitement about space’ now than in the last few decades

Comments are closed.