Boeing Completes 737 MAX 10 Flight Testing, Certification Imminent
BA sits 19% above its 52-week low of $176.77.
Summary
Boeing has completed all flight testing for the 737 MAX 10 and aims to have it certified very soon, according to an executive at the ISTAT EMEA conference. This is a concrete step beyond the June 17 report that regulators were close to approval. Certification would unlock deliveries of the largest MAX variant, a key revenue driver. The executive also noted progress in GE Aerospace engine supply for the 787, easing a production bottleneck. Watch for formal FAA certification announcement.
At the time of this announcement, BA was trading at $210.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $166.3B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.