Homepage / Technology / Boeing sees more ‘excitement about space’ now than in the last few decades
Facebook takes another shot at grabbing social media stars from YouTube UK says it is happy with Rupert Murdoch's Sky News commitments related to bid for parent company Apple CEO Tim Cook says separating immigrant children at US border is 'inhumane' In the short history of Trump trade conflicts, it has paid to buy the market dip Danny Meyer stands by cashless push: 'We're unaware of any federal law' that requires accepting cash Express Scripts boots another online pharmacy — CareZone — from its network Home Depot and two other Dow stocks look ripe for a buy, says technician Snap shares plunge after analyst says users are less engaged White House's Navarro on China trade talks: No knowledge of Apple iPhone exemption Merkel, Macron agree on euro zone budget Walgreens and Humana are partnering to create senior health hubs Sarepta Therapeutics shares soar 50% on positive preliminary results for muscular dystrophy gene therapy Verizon pledges to stop some selling of phone-location data There's one Dow stock having a great day: Verizon Europe's IPO market heats up, and unicorns are getting in line Amazon wants a hand in all your deliveries, unveils last-step option for FedEx, UPS and private mail Soybean prices drop to two-year low on US-China trade war fears Cramer: US-China trade fight 'is not serious' right now; Trump has upper hand China has a limited number of weapons to use in a trade war with the US Laws governing medical marijuana could soon be relaxed in the UK The flip phone is about to make a big comeback as foldable screen nears reality Here is what a student could have made if they invested their 2014 summer earnings in FANG stocks VW names interim Audi boss, seeking to steady brand after its CEO's arrest Here’s the fundamental error in Trump’s trade strategy Chip stocks dive on trade war fears as industry gets a majority of its revenue from China New home construction booms to a near 11-year high in May A dangerous dot-com era phenomenon is back and it's going to inflict pain, Jim Paulsen warns Netflix gets a $500 price target, the highest on Wall Street Apple is the big tech firm most at risk from a US-China trade war AT&T promises fewer ads, tailored programming after merger with Time Warner Stocks making the biggest moves premarket: VZ, TSLA, AAPL, WFC, T, SIRI & more Billionaire Howard Marks: Computers won't put the best human investors out of business CVS introduces prescription drug delivery as it braces for Amazon's possible entry Former turnaround exec Bozoma Saint John: Uber was 'the poster child for everything gone wrong' Trump told Tim Cook that US would not place tariffs on iPhones, but Apple's still worried Amazon's Alexa will now be your butler at Marriott hotels Billionaire investor Jim Mellon: Sharp sell-off in US stocks is the start of a 'very major correction' South Africa will avoid a ‘knee-jerk’ reaction to currency weakness, central bank deputy says Dow futures tumble as China responds to latest Trump threat North Korea's Kim visits Beijing as South Korea and the US halt military drills 'Belligerent' US trade stance could hurt America's iconic companies the most, Jim O'Neill says Irish central banker says it's too early for the ECB to discuss future rate hikes All global currencies will become cryptocurrencies, Circle CEO says Abu Dhabi Financial Group unit offers to buy Abraaj's investment management arm Beijing subways could get facial recognition and palm scanning tech, Chinese media reports Roche agrees to pay $2.4 billion to buy the rest of Foundation Medicine Japanese e-commerce company Mercari surges more than 70% in Tokyo debut European markets seen sharply lower as Trump threatens new tariffs China's central bank delivers surprise stimulus as trade spat with US worsens Shares of China's ZTE sink 23% after US Senate targets company in new bill Has a US-China trade war begun? Experts weigh in North Korean leader Kim Jong Un is in China on a two-day visit: Chinese state media China pledges it will fight back firmly if Trump goes ahead and publishes list of additional tariffs Trump reportedly told Apple's Tim Cook that iPhones will be spared from China tariffs Smartphone maker Xiaomi to postpone mainland China listing until after Hong Kong IPO Asian shares poised to edge higher despite trade jitters; oil prices rise Senate passes military funding bill that would reimpose sanctions on Chinese telecom ZTE Cramer Remix: Tariff headlines have investors flocking to these stocks Cramer's warning on recent tech IPOs: Be careful with their sky-high valuations Elon Musk sends company email about 'extensive and damaging sabotage' by employee Elon Musk sent an email to Tesla employees about another fire in its factory on Sunday Microsoft condemns 'forcible separation' of children from families after criticism of work with ICE Snap CEO Evan Spiegel says even his wife, Miranda Kerr, hated the app’s redesign UBS CEO: Blockchain technology almost a must have for business Bitcoin jumps after New York approves Square's Cash app for crypto trading Apple is worried about Chinese tariff retaliation that could hamstring its supply chain Elon Musk tells shorts on Twitter they have 3 weeks to cover Watch these drones string power lines along poles high above the ground SurveyMonkey confidentially files for IPO President Trump signs space junk directive aimed at cleaning up the cosmos Dropbox rises more than 8% adding to last week's gains President Trump directs Defense Department to 'immediately begin the process' of establishing 'Space Force' as sixth military branch Elon Musk hung out in the Netscape lobby in the '90s hoping to get a job Square gets regulatory green light for cryptocurrency trading in New York Domo drops below billion-dollar valuation in lead-up to IPO Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt With Twitch, Amazon tightens its grip on live streams of video games This fitness app wants you to have a personal trainer in your pocket Intel shares fall after small Wall Street firm downgrades chipmaker, predicting slower growth Rent-A-Center shares surge 22% in single day on buyout Snap CEO Evan Spiegel on Facebook imitations: 'The innovators win in the long run' Amazon to add over 1,000 jobs in Ireland in country's biggest staff boost this year Supreme Court mulls Apple's App Store commissions in antitrust case JP Morgan says buy Micron into earnings due to ‘robust’ cloud computing spending Germany's Merkel given two weeks to reach EU deal on migrants Disney is expected to add cash to its bid for Twenty-First Century Fox assets: Sources How to play rising interest rates based on your age Microsoft acquires education start-up Flipgrid in latest challenge to Google BJ's Wholesale expects its IPO to price at $15 to $17 a share Don't even think about investing without a diversification strategy: Advisor Boeing sell-off looks like the beginning of a correction, technical analyst says Mass facial recognition boom led by the Chinese government will mean big money for Nvidia, UBS says Goldman Sachs still sees oil rallying over $80 despite market concerns over key OPEC meeting Disney shares downgraded to sell on concern the battle for Fox has placed company in an unwinnable situation Chipmaker Mellanox nears truce with activist investor Starboard over board seats Rates are on the rise, but don’t fear for the stock market — yet We’re seeing the greatest asset inflation bubble in 20 years, fund manager warns Apple will automatically share a user's location with emergency services when they call 911 Investors still love equities but ‘market fragility’ could be ahead in the second half of 2018 Munich prosecutors say Audi CEO arrested on risk he may suppress evidence

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.