Boeing (BA) has agreed to pay $1.1 billion in fines to avoid federal prosecution related to the pair of 737 Max crashes in 2018 and 2019 that killed more than 300 people.
The Boeing Company's NYSE: BA stock has recently gained a lot of positive attention, fueled by optimistic analyst ratings and a clear improvement in market performance. Currently trading around $212 as of early June, the shares have rebounded significantly from a 52-week low of $128.88, indicating a renewed level of investor confidence.
BA's 737 MAX hurdles persist despite higher Q1 deliveries, casting doubt on its production ramp-up plans.
The acting head of the Federal Aviation Administration said he is not currently considering lifting a production cap of 38 planes per month on Boeing's 737 MAX imposed after a January 2024 mid-air emergency involving a new Alaska Airlines Boeing plane missing four key bolts.
A trial that was set to begin in less than three weeks was canceled by a Texas judge at the request of Boeing and the Department of Justice, according to court documents.
Boeing Co (NYSE:BA, ETR:BCO) has earned an upgrade from Bank of America “Buy” from “Neutral,” with analysts citing growing confidence in the aerospace giant's turnaround under CEO Kelly Ortberg and its emerging role as a favored asset in U.S. trade negotiations. “Under Kelly's leadership, we are more confident BA can break the ‘doom loop,'” BofA analysts wrote in a note titled Sisyphus on the path to breaking the 'doom loop'.
Boeing Co (NYSE:BA ) stock is up 1.3% at $209.80 at last glance, after BofA Securities upgraded the stock to “buy” from “neutral” and hiked its price target to a Street-high $260 from $185.
Bank of America has upgraded Boeing (NYSE: BA) to a Buy rating from Neutral, raising its price target to $260, a Street-high projection from the previous $185.
Emirates President Tim Clark discusses air travel demand and supply chains amid the uncertainty around tariffs. He also shares his views on the carrier's relationship with Boeing and passenger numbers to the US.
Emirates President Tim Clark said he was seeing a greater degree of determination from Boeing to resolve its many issues under a recently appointed CEO, and management had indicated cautious optimism over its recovery in discussion with Emirates.
The Department of Justice has reportedly informed victims' families of two fatal Boeing 737 MAX8 aircraft crashes that it is dismissing criminal fraud charges against the airplane manufacturer.
Boeing is eyeing approvals for significantly higher production of the 737 MAX in 2025 after US authorities allowed increased output on the 787 plane, the company's CEO said Thursday.