Both Boeing and Airbus have faced production snarls of key aircraft parts and a shortage of skilled workers coming out of the pandemic. Boeing's problems after the pandemic have been compounded by its safety crisis that forced it to slow production to stamp out defects.
Howmet Aerospace delivered strong earnings and guidance, and hiked its dividend and buyback. The Boeing supplier is breaking out.
Boeing is embroiled in multiple legal and public relations challenges related to its management and quality controls. Despite near-term headwinds, the company retains a strong competitive moat in this highly regulated industry.
One should refrain from buying Boeing (BA) ahead of its Q2 results, considering its downward earnings estimate revision, dismal delivery figures as well as poor price performance.
Airbus beat Boeing in the orders tally at last week's Farnborough Airshow. But orders were down from previous years amid supply-chain frustrations.
On Sunday, The Air Current reported that former Rockwell Collins CEO Kelly Ortberg was a candidate to run Boeing when current CEO Dave Calhoun leaves.
The U.S. Space Force awarded $1.1 billion to Boeing and Lockheed Martin's joint venture, ULA, last week. SpaceX won only $661 million in contracts, despite charging lower prices.
Boeing and Airbus announced big airplane deals during the Farnborough International Airshow. Boeing announced 118 orders and commitments valued at $17.1 billion, while Airbus covered 234 airplanes valued at $18.8 billion. Airbus emerged as the winner of the airshow with 164 firm and tentative deals, compared to Boeing's 76 orders.
Former Rockwell Collins chief Kelly Ortberg has joined the list of outside contenders under serious consideration by Boeing as its next CEO, The Air Current reported on Sunday, citing industry officials.
Aviation services company AAR stands to benefit from a significant growth in the need to service commercial airplanes in the future. The need to replace older aircraft and grow the existing fleet means new airplane production will grow over the long term -- great news for composites company Hexcel.
In the latest trading session, Boeing (BA) closed at $186.89, marking a +1.38% move from the previous day.
Boeing's safety troubles and the Airbus scramble to ramp up production should have left a gap for smaller rivals to challenge their domination of the commercial airliner market.