Boeing stock (NYSE: BA) currently trades at $170 per share, around 35% below its level in March 2021. In comparison, its peer – GE Aerospace stock (NYSE: GE) saw its stock surge 2.5x over the same period.
The U.S. National Transportation Safety Board will question key witnesses from Boeing , Spirit AeroSystems and the Federal Aviation Administration on the mid-air cabin panel blowout of an Alaska Airlines 737 MAX 9 door plug in January.
US investigators will on Tuesday open a two-day hearing into a near-catastrophic January incident on a Boeing 737 MAX operated by Alaska Airlines that required an emergency landing.
Boeing's quality control practices will be placed under a microscope this week at a two-day National Transportation Safety Board hearing investigating a January Alaska Airlines flight on a 737 MAX.
The Boeing Company BA shares are trading lower today. The National Transportation Safety Board disclosed that executives from Boeing and Spirit AeroSystems Holdings, Inc. SPR will testify at a hearing scheduled for Aug. 6-7 in Washington regarding the in-flight blowout on a Boeing 737-9 MAX in January.
The National Transportation Safety Board said a number of Boeing and Spirit AeroSystems executives will testify at a two-day hearing starting Tuesday on the January Alaska Airlines Boeing 737 MAX 9 in-flight door plug emergency.
Selling defense stocks at a time when the wider market is showing strong growth may seem counterintuitive to investors. However, with more uncertainty set to reign in the months ahead, it now is a good time to trim.
Poland's defence ministry signed offset deals with Boeing and General Electric worth nearly 1 billion zlotys ($255 million) on Monday, bringing it closer to finalising a $12 billion agreement to buy 96 AH-64E Apache helicopters.
There's a saying on Wall Street that the market can stay irrational longer than investors can remain solvent, which means nobody should attempt to fight the market in its trends and views. Recently, despite seeing contradicting economic data, the S&P 500 had reached a new all-time high price, one that was held for a quarter or two.
Boeing's key metric is improving. Its near-term cash flow is deteriorating, and more cash calls may come in the coming year.
Boeing is progressing in ramping up 737 MAX deliveries, and a new CEO is likely to help. The company still faces substantial headwinds.
NASA management has been discussing this week whether it should return the agency's astronauts on board Boeing's misfiring Starliner capsule or send back the spacecraft empty. SpaceX's Crew Dragon spacecraft would serve as the likely alternative to return the crew from the ISS.