Employment decisions are made without regard to race, color, religion, national origin, gender, sexual orientation, gender identity, age, physical or mental disability, genetic factors, military Boeing Integrated Defense Systems was formed in 2002 by combining the former "Military Aircraft and Missile Systems" and "Space and Communications" divisions. Boeing's defense, space and security segment competes with Lockheed (NYSE:LMT), Northrop (NYSE:NOC) and several other companies to create military aircraft and weaponry. The Air Force has publicly questioned the functionality of its KC-46 tanker aircraft, Boeing's most valuable military contract. According to The Wall Street Journal, American Airlines (NASDAQ:AAL) is set to cancel many of their orders for the 737 MAX.The cancellations arose out of the continual struggles that the 737 MAX has seen since several fatal crashes last year led the Federal Aviation Administration to ground the plane. The first military aircraft to be designed and built in Australia in more than 50 years has been rolled out as part of a partnership between the Royal Australian Air Force and Boeing Australia. Boeing Co. (NYSE:BA) saw its price per share rise on July 14 thanks to a newly secured contract with the Department of the Air Force. The contract provides for the design, development, integration, manufacturing, test, verification, certification, delivery, sustainment and modification of F-15EX aircraft, including spares, support equipment, training materials, technical data and technical support. Boeing Defense, Space & Security makes Boeing the second-largest defense contractor in the world and was responsible for 45% of the company's income in 2011. Boeing is an Equal Opportunity Employer. While Boeing has resumed manufacturing the aircraft, it has still yet to regain flight approval despite the integration of revised maneuvering software.Boeing is the world's largest aerospace and defense company. GuruFocus has detected 7 Warning Signs with BA. Boeing's commercial airplanes segment produces about 60% of sales and two-thirds of operating profit, and it competes with Airbus (XPAR:AIR) in the production of aircraft, ranging from 130 seats upwards. Eight F-15EX aircraft were approved in the Air Force's 2020 fiscal budget, with an additional 12 aircraft requested for the 2021 budget.Over the next five years, the Air Force plans to purchase a total of 76 F-15EX aircraft through the Future Years Defense Program. It is estimated that it will total around $23 billion dollars by the time all planes are delivered.On July 14, Boeing was trading at $179.06 per share with a market cap of $102.90 billion.
The company's cash-to-debt ratio of 0.4 places it lower than 56.15% of the aerospace and defense industry. The company currently shows seven severe warning signs alongside the issuance of new debt.While it was well known that negotiations were in the works to finalize the Air Force's yearly budget, the contract for Boeing came on the heels of concerns with their passenger planes. Boeing chose to locate the defense systems offices in the St. Louis area because of the role of the space and aircraft programs of the former McDonnell Douglas location, and bipartisan support from area politicians.Boeing BDS has been reorganized into the following subdivisions as of June 13, 2018:In February 2016, Leanne Caret was named president and CEO of Defense, Space & Security (BDS), a division of The Boeing Company.Boeing Launch Services Inc. (BLS) is Boeing's commercial On July 21, 2006, Boeing announced that it would be consolidating its