Boeing Delivers 57 Jets in September, Highest Monthly Total This Year
BA is trading near its 52-week low of $176.77 (5.3% above the low) on light trading volume (0.2× avg).
Summary
Boeing delivered 57 jets in September, up from 51 in August and 55 a year earlier, marking its highest monthly total this year. The mix included 43 737 MAX jets, eight 787s, two 777 freighters, and four 767s. New orders surged to 165, boosted by Turkish Airlines' 100 737 MAX order, and the backlog rose to 6,371 jets from 6,156 at the end of August. Year-to-date deliveries reached 475, up 8% from a year earlier, with 363 737 MAX deliveries setting a first-nine-months record for the program. The company is still working to consistently reach 47 737 MAX jets per month, a target CEO Kelly Ortberg acknowledged has taken longer than expected.
At the time of this announcement, BA was trading at $186.23 on NYSE in the Manufacturing sector, with a market capitalization of approximately $147.2B. 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.