Horizontal Analysis Boeing and Lockheel Martin

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Course Project: Boeing vs. Lockheed Martin DeVry University Kimberly Bankston-Bradshaw July 21, 2013 Company Introduction: Boeing Company is one of the world’s largest manufacturers of aircrafts. It was founded in 1916 and company has expanded a lot from last 97years of operating. Well, it has been merged in 1997 with McDonnell Douglas in the year 1997. The Boeing Company is also one of the leading contractors for its aerospace and defense. Even Boeing Company is the company of United States with largest export value. Lockheed Martin is the company of same industry and in a business of aerospace, defense and security with global interest. This company is a merger of Lockheed Corporation and Martin Marietta established in 1995. Lockheed Martin have established the business in five Different business segments including 1. Space Systems 2. Aeronautics, 3. Information Systems & Global Solutions, 4. Missile and Fire Control, 5. Mission Systems and Training, Current Issues Impacting Financial Statements: The Boeing Company is facing trouble with its new 787 Dream liner. The company’s share price has dropped by 4.6% in last week and another incident of Japan Airlines who faced issue with plan’s fuel pump has put the firm in trouble again. It could impact company’s strong brand image and long term inverse impact on financial statements. Well, company has decided to develop the newer version of Dream linear by early 2014 to come out from this situation. Lockheed Martin Company is expecting reduction in net revenues in the year 2013 by nearly $825 million due to sequestration measures taken by the United States Government. The sequestration has impacted the financial statements of the company and the net sales of the company in the first quarter of 2013 have decreased by 2%. The chief executive of the company have commented “Sequestration

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