Top Industry Leaders in the Hydraulic Workover Unit Market
*Disclaimer: List of key companies in no particular order
Latest Company Updates:
October 2023- Boeing slashed its 737 MAX delivery forecast for the year to between 375 and 400 in its third-quarter earnings report on Wednesday. The company attributed the cut to rework and inspections to fix manufacturing problems in aft pressure bulkhead sections produced by beleaguered supplier Spirit AeroSystems. It maintained its 787-delivery forecast of 70 to 80 airplanes by year's end. Boeing recorded a loss of USD1.6bn in the third quarter, its worst quarterly performance this year. The company continues to struggle with supply chain and production problems. Boeing's defense division spilled the reddest ink on the ledger book due to problems with its Air Force One (VC-25B) program and losses on a satellite contract. BDS recorded a USD 924 million loss. Boeing executives acknowledged that the company's recovery is taking longer than they had expected, but they remained upbeat about stabilizing the aerospace giant in the next couple of years.
Despite lowering its 737 MAX delivery target for the year, Boeing will have to hustle to deliver 375 to 400 of the narrow-body airliners. It needs to move about 100 more, but the company only plans to deliver 15 of the planes this October. That leaves the bulk of deliveries in November and December. That will make for a busy holiday season on Boeing's flight lines and delivery center. The cut is more than what investors expected. As recently as September, though, Boeing CFO Brian West reiterated the company's previous projection of 400 to 450 deliveries of its cash cow jetliner. At the time, he cautioned that deliveries would likely be on the low end of the range. Ahead of the earnings report, most Wall Street analysts expected the company to deliver about 410 737s this year.
Top listed global companies in the industry are:
- Halliburton (US)
- National Oilwell Varco (US)
- Archer (Norway)
- Cudd Energy Services (US)
- Precision Drilling Corporation (Canada)
- High Arctic Energy Services Inc. (Canada)
- Basic Energy Services (US)
- Superior Energy Services (US)
- Velesto Energy (Malaysia)
- Canadian Energy Equipment Manufacturing FZE (UAE)
- PT Elnusa Tbk (Indonesia)
- Uzma Berhad (Malaysia)
- ZYT Petroleum Equipment Co. Ltd (China), and others.