Boeing Lands 100-Jet MAX Order, Wins Approval to Boost Output to 47/Month
BA sits 22% above its 52-week low of $176.77.
Summary
Boeing secured a firm order from SMBC Aviation Capital for 100 737 MAX jets, including the lessor's first 737-10s, and received regulatory approval to raise MAX production to 47 per month. The output increase, up from prior levels, follows safety reviews and signals confidence in the supply chain. Additional orders from Riyadh Air (28 more 787s) and Philippine Airlines (up to 20 787-10s) bolster the backlog, while the FAA indicates MAX 7 certification is imminent. Q2 commercial deliveries rose to 171 from 150 a year ago, reflecting improving execution. These developments mark a significant step in Boeing's recovery, though supply-chain hurdles persist.
At the time of this announcement, BA was trading at $216.39 on NYSE in the Manufacturing sector, with a market capitalization of approximately $168.7B. 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 8 out of 10. Source: Wiseek News.