Boeing said on Tuesday it delivered 44 aircraft in February, up from 27 in the same month a year ago, as it works to stabilize and then increase production of its 737 MAX and 787 models.
Boeing's turnaround under Kelly Ortberg emphasizes sustainable growth and manufacturing quality over financial performance, but faces risks from recession and trade wars. Key risks include potential KPI bias, cost inflation from tariffs, and possible shifts in customer preference to Airbus. Despite current challenges, Boeing's stock has potential upside with a 2027 price target of $201.83, implying a 36% increase.
U.S. Transportation Secretary Sean Duffy plans to visit a Boeing factory on Thursday in Washington State to ensure the U.S. planemaker is maintaining the highest level of safety.
As Trump tariffs ramp up, Dow Jones aerospace giant may be a big loser, Boeing stock has tumbled while European archrival Airbus has soared. The post Trump Tariffs: Boeing Stock Dives While Archrival Airbus Soars appeared first on Investor's Business Daily.
A federal judge on Friday certified a class action accusing Boeing of prioritizing profit over safety and overstating its commitment to safe aircraft, prior to the January 2024 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9.
Annual bonuses for more than 100,000 Boeing employees this year will be tied to company-wide performance, rather than by business unit, as in previous years.
Boeing secures a $33.2 million contract to produce and deliver 41 DTP-N B Kits, five DTP-N B Kit Lab Assets and nine Processor eXpress Mezzanine Cards.
CNBC's Becky Quick reports on the latest news.
Lufthansa's CEO told CNBC that he was hopeful that the Trump administration will support Boeing in overcoming issues that have led to industry-wide delivery delays. The German airline group has been struggling with its ageing fleet as hundreds of newer models face delivery delays.
Boeing CEO Kelly Ortberg told employees on Wednesday the company needs a more open culture where employees are encouraged to speak up and communicate across divisions, according to a partial transcript of a company-wide meeting seen by Reuters.
Boeing stock price crashed this week as concerns about tariffs rose. BA shares fell to a low of $158, its lowest level since December 9, and 16% from its highest point this year, and 40% below the highest point in 2024.
Boeing Co was among a string of stocks facing heavy selling pressure on Tuesday after Donald Trump's sweeping tariffs against China, Mexico and China came into force. Shares in the aircraft maker slumped 5.5% $160.76 as confirmation of Trump's tariffs sparked retaliation from the likes of Canada.