Shares of an aircraft manufacturer skyrocketed as a top executive said deliveries and free cash flow would trend higher in 2026, while a large semiconductor player extended its hot streak.
Boeing has not been cash-flow positive on a yearly basis since 2023. That's about to change.
Boeing Co (NYSE:BA, XETRA:BCO) shares added almost 10% on Tuesday after its chief financial officer Jay Malave said the company's recovery is "in full force" when speaking at the UBS Global Industrials and Transportation Conference. Malave highlighted that Boeing plans to complete its acquisition of Spirit AeroSystems by the end of this year, despite noting that November aircraft deliveries were “a little light.
Major U.S. equities indexes gained ground on Tuesday, with tech stocks trending higher after a day of declines on Monday. The Dow Jones Industrial Average and benchmark S&P 500 gained 0.3% and 0.2%, respectively, and the tech-centric Nasdaq rose 0.4%.
The Boeing Company (BA) Presents at UBS Global Industrials and Transportation Conference Transcript
Boeing CFO Jay Malave said Tuesday that the company expects deliveries for both the 737 jets and the 787 jets to be up next year. Malave also said he expects positive free cash flow in the "low single digits.
A day after NASA announced it had slashed the number of astronaut missions involving the Boeing Starliner and reduced the scope of the spacecraft program, the Department of Defense awarded the aerospace giant two contracts valued at more than $7 billion.
Boeing and General Dynamics gain as major U.S. defense contractors that develop and supply advanced technologies globally.
The U.S. Air Force awarded Boeing a $2.47 billion contract for 15 additional KC-46A Pegasus aerial refueling tankers, the company announced on Tuesday in a release.
Boeing (BA) is showing signs of a turnaround, with improved jetliner deliveries and positive free cash flow for the first time since 2023. BA's Q3 saw 160 commercial aircraft deliveries, strong revenue growth, and progress in defense and global services, despite negative GAAP earnings and margin weakness. The easing of 737 Max production restrictions and potential for margin recovery position BA for multiple expansion if delivery rates and free cash flow continue improving.
The space vehicle will launch again, without astronauts, in April on a cargo mission to the International Space Station.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?