Boeing goes to Mars: Cramer & # 39; s Top Takeaways


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For his "Executive Decision" segment, Cramer sat down to talk to Dennis Muilenburg, president, president and CEO of Boeing Co. (BA).

Muilenburg I began by saying that the nature of the aerospace business has fundamentally changed, and that there is a growth in traffic worldwide with millions of people traveling more than in past years. In Asia alone, 100 million people will fly for the first time this year, he said, and Boeing will make 750 new commercial aircraft this year to help meet that demand.

Boeing has more than 5,700 backward aircraft, representing half a trillion dollars, or seven years, if it includes the company's defense business.

Muilenburg was optimistic about President Trump and about tax reforms, saying that tax cuts will generate a ton of economic energy and Boeing can not wait to use the savings to continue innovating.

Cramer asked about our chances of going to Mars during our life. Muilenburg said Boeing's next-generation rocket, which is 36 stories tall, is being badembled and will see test flights in 2019. The first person to land on Mars will arrive there on a Boeing rocket, he said.

Boeing has a long history of large and complex projects that change the world, and that will include vehicles for trips to the International Space Station, the moon and eventually to Mars. That's part of the reason why Boeing plans to invest $ 6 billion in research and development next year.

Boeing is also expanding its service presence. Muilenburg said the services were $ 15 billion this year, but that they will grow to $ 50 billion in the coming years.

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