Boeing Competes For Contract Worth $15 Billion and Another Automaker Departs Australia

Boeing's next-generation 777X has hit the market with great success so far, and the company might soon win another valuable contract.

Feb 10, 2014 at 3:00PM

After spending most of the day in the red, the Dow Jones Industrial Average (DJINDICES:^DJI) was flirting around breakeven at 3 p.m. With the recent federal jobs report disappointing most economists and investors, the Conference Board reported that its January employment trends index increased modestly to 116.61 from a revised 115.62 in December.

"Despite weak job reports in December and January, the [index] is not signaling a slowdown in employment growth," said Gad Levanon, director of macroeconomic research at the board, according to Morningstar. "We expect solid job growth and rapid declines in the unemployment rate to continue in the coming months."

With that in mind, here are some companies making headlines today as we kick off the second trading week in February.

Boeing (NYSE:BA) certainly did its part in 2013 to push the Dow higher, but the company is off to a slow start in 2014. In a piece of potential good news for investors of the aviation giant, Singapore Airlines is preparing an order of dozens of wide-body jets. The order is almost certainly going to Boeing or rival Airbus for their respective 777X or A350 airplanes.

Reuters reported that Singapore Airlines could order as many as 40 777X airplanes in a deal possibly worth $15 billion at list prices. No announcement regarding the potential order is expected to surface at this week's Singapore Airshow.

In other news, Caterpillar (NYSE:CAT) subsidiary Electro-Motive Disel has protested a contract won by Siemens Industry to build diesel-electric locomotives for a high-speed rail line connecting Chicago and St. Louis. The contract is expected to be worth $1.3 billion. It includes an option for an additional 225 locomotives, which could be worth billions more.

Electro-Motive claims that contract specifications were blatantly disregarded in favor of Siemens as the company's locomotive would only reach the specified 125 mph going downhill. This enabled the Siemens to put a less costly engine, with four fewer cylinders, in the locomotives to win the bid.

"If we didn't have to build a locomotive that went 125 mph we could have cut a lot of money out of that contract," said Gary Eelman, Electro-Motive vice president of passenger locomotive sale, according to Chicago Business. "We worked very hard to make sure we had an engine big enough and beefy enough to pull trains at 125 mph."

Outside of the Dow, Toyota Motor (NYSE:TM) has become the latest automaker to announce its intentions to pull operations out of Australia. The Japanese automaker will stop building cars in Australia in 2017, which essentially ends the auto industry in the nation after Ford and General Motors announced their exit plans last year. Toyota cited high manufacturing costs and an elevated Australian dollar as forcing its withdrawal from the island continent.

"We did everything that we could to transform our business, but the reality is that there are too many factors beyond our control that make it unviable to build cars in Australia," Toyota Australia President Max Yasuda said in the statement, according to Automotive News. "Our manufacturing operations have continued to be loss-making despite our best efforts."

Dividend stocks like Boeing can make you rich
One of the dirty secrets that few finance professionals will openly admit is the fact that dividend stocks as a group handily outperform their non-dividend paying brethren. The reasons for this are too numerous to list here, but you can rest assured that it's true. However, knowing this is only half the battle. The other half is identifying which dividend stocks in particular are the best. With this in mind, our top analysts put together a free list of nine high-yielding stocks that should be in every income investor's portfolio. To learn the identity of these stocks instantly and for free, all you have to do is click here now.

Daniel Miller has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.

Compare Brokers