Boston, MA 05/22/2014 (wallstreetpr) – You don’t quickly seen how The Boeing Company (NYSE:BA) and Apple Inc (NASDAQ:AAPL) are related. But you may want to take notice of the latest development where Boeing executives, fed up with “moon shot” developments, seek to behave and dream as the iPhone maker Apple Inc.
Boeing already enjoys a significant market share in a wide range of aircraft applications around the world. In any case, the company is almost as a household name in airports around the world just like Apple Inc is known in the circles of technology related to communications devices.
However, Boeing believes that thinking like Apple Inc will not only enable it to bring more products to the market frequently, but also boost sales and create greater value for the shareholders. That sounds good because the company cannot afford to incubate technology for more than two decades or so before bringing it to the market.
Popular products and the profit factor
During the annual conference with analysts Wednesday, Boeing Company (NYSE:BA) executives left no doubt that the company has big dreams for its customers and shareholders. According to CEO Jim McNerney, the company seeks, first and foremost, to improve productivity and execution to reduce costs and boost profits. On that note, the company intends to bring out products more quickly, but without moving away from delivering revolutionary capabilities that have over the years distinguished it from the competition.
Talk about cost-cutting and the company said its space, defense and security division intends to cut $2 billion in costs and expenses within the next five years as the company seeks to capture a bigger international market share.
The shareholders at the bottom line
In seeking to be like Apple Inc and moving with speed to undertake cost and expenses reduction within its production system, Boeing Company (NYSE:BA) wants to save enough money that can boost its dividend and share buyback programs.
The company maintained its 2014 financial forecast. It expects profit of between $7.15 and $7.35 per share on revenue of between $87.5 and $90.5 billion.
