“One Boeing:” Aero Giant Poised For Record Results (From Forbes)

Boeing is on track for record results, with ValueLine predicting the company will generate nearly $100 billion in sales by mid-decade and earnings per share in excess of $7.00 (it’s around $4.75 today). Several features help explain why the company is doing so well. First, Chairman & CEO Jim McNerney has melded the company’s disparate legacy cultures into a single, unified identity, which insiders call “One Boeing.” Second, Boeing consistently builds better planes than Airbus. Third, the company’s commercial and defense operations have important financial and functional synergies. Fourth, Boeing leaders have come to understand the importance of political processes to their enterprise. And finally, Boeing’s business remains grounded in the most robust, innovative engineering culture in the aerospace sector. What other company in America looks this strong nearly a century after its founding? I have written a commentary for Forbes here.