Boeing said on Thursday it plans to increase production of its 787 Dreamliner widebody jets to 10 planes per month by 2026.
BA is set to provide for the acquisition of radars, self-protection systems and mission computer units for the F-15 JSI program.
Since a crippling strike at many of Boeing's U.S. plane factories ended more than a month ago, progress ramping up production of its best-selling 737 MAX jet has been deliberately slow.
In the latest trading session, Boeing (BA) closed at $165.96, marking a +1.13% move from the previous day.
Boeing's November orders dropped to 49 airplanes, with 34 single-aisle and 15 wide-body jets, totaling $3.9 billion in value. Deliveries hit a multi-year low due to a strike, with only 13 airplanes delivered, significantly impacting Boeing's output. Year-to-date, Boeing's net orders fell sharply to 370, valued at $30.4 billion, highlighting production and supply chain challenges.
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Boeing presents a high reward/controlled risk opportunity, making it worth considering small positions now for potential long-term gains, despite recent struggles. The stock's recent performance and production recovery signal a possible comeback, supported by a new union contract and backlog on the 737 MAX. Boeing's valuation grade and chart setup indicate potential upside, making it a compelling contrarian play despite the lack of a dividend.
Mike Boyd of Boyd Group International discusses the key issues Boeing faces moving forward despite restarting production of 737 Max aircraft.
World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough.
Boeing delivered 13 commercial jets in November, less than a quarter of the 56 jetliners it handed over to customers 12 months earlier, the U.S. planemaker reported on Tuesday.
The move is part of a 10% global workforce cut that the company announced in October, which is expected to impact approximately 17,000 jobs within Boeing.
Boeing will be laying off 396 employees in Washington state as part of the 10% cut of the company's global workforce following a crisis-filled year.