Boeing Edges Airbus at Farnborough with 173 Orders, SMBC Splits 200-Jet Deal
BA sits 16% above its 52-week low of $176.77.
Summary
Boeing secured 173 firm and preliminary orders at the Farnborough Airshow, narrowly beating Airbus's 154, in a subdued event that still underscored robust demand for narrowbody jets. The highlight was a 200-plane split order from lessor SMBC Aviation for 100 737 MAX and 100 A320neo-family jets, confirming strong lessor appetite despite supply constraints. The total tally of 327 orders (218 after excluding previously booked deals) was in line with muted expectations but well below the 2018 peak, reflecting industry focus on clearing record backlogs rather than chasing new sales. Boeing's order book remains stretched into the next decade, and the company is studying a production increase to 70 737 MAX per month. The airshow results reinforce the narrative of sustained demand, though supply-chain bottlenecks remain the key constraint on converting orders to revenue.
At the time of this announcement, BA was trading at $205.34 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $164.5B. 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.