Boeing said on Thursday Turkish low-cost carrier Pegasus Airlines had placed a firm order for a hundred 737 MAX 10 aircraft, offering a welcome boost for the U.S. planemaker recovering from a crippling worker strike earlier this year.
China Airlines ordered nearly $12 billion worth of Boeing and Airbus widebody aircraft. The deal is worth about $7.4 billion to Boeing, with China Airlines as its newest 777X customer.
Aerospace and defense investing offers significant opportunities on increased demand, but sentiment could pressure investment returns. Boeing's turnaround hinges on lifting FAA production caps, timely certifications, and focusing on high-quality airplane production to ensure cash flow growth and to deleverage efficiently. A $22 billion capital raise was crucial for Boeing to address debt maturities to enable the future development of a new airplane and generate future shareholder value.
Taiwan's China Airlines said on Thursday it had ordered 10 Boeing 777-9 aircraft and 10 Airbus A350-1000s for its long-haul fleet renewal, as well as four 777-8 freighter aircraft for $11.9 billion.
Albany International Corp. (AIN) is poised for significant growth, with a target share price of $125.54, offering a 52.9% upside due to its monopoly in fan cases and blades for the CFM LEAP engine. The aerospace industry is set for a rebound, with Fitch Ratings projecting a 30% growth in commercial aircraft deliveries by 2025, benefiting Albany's exclusive contracts with Airbus and Boeing. Albany's diversified business model, with strong revenue from U.S. defense contracts and a solid balance sheet, positions it well for future growth despite supply chain risks.
Boeing Co (NYSE:BA, ETR:BCO) has resumed production of all its jets after the conclusion of strikes among thousands of workers in the Pacific Northwest earlier this year. Commercial airplanes chief executive Stephanie Pope firmed up the news in a social media post on Tuesday.
Boeing has resumed the production of the 767 and 777 as it gets back online after a lengthy strike. Following the end of the strike, the aviation giant had already restarted 737 production.
Boeing said late on Tuesday it has resumed production of all airplane programs that had been halted by a machinists strike in the Pacific Northwest.
The Investment Committee reveals their top stocks to watch. Don't miss their picks.
For the last several months, Boeing has been conducting a review of potential divestitures to reduce its enormous net debt load of $45 Billion. The debt was accumulated over the past six years by the production halt of the 737MAX due to two fatal crashes in 2018 and 2019, followed by the pandemic in 2020 and continued quality issues which have caused regulators to limit production of the aircraft.
BA is set to invest $1 billion to expand its plant in Charleston County to meet the expected increase in demand for highly efficient 787 Dreamliners.
Boeing's stock has ascended above a 1-year trendline, but that doesn't mean investors should rush to buy.