Boeing Posts Best Deliveries Since 2018, Adds $131B Air Force JDAM LR Win
BA sits 20% above its 52-week low of $176.77.
Summary
Boeing just posted its biggest quarterly aircraft deliveries since 2018, with a record backlog of about 6,200 planes worth roughly $597B. That's a strong operational signal after years of supply-chain and quality struggles. The company also won a U.S. Air Force undefinitized contract for BSU-111/B PDU JDAM LR guidance on a long-range (>300 nm) JDAM program, with Kratos' Spartan J85 engines powering the munitions. This follows yesterday's report of the $131.23B IDIQ contract, but today's headline adds the delivery milestone and backlog figures, which are new and material. The combination of commercial momentum and defense wins supports the stock's recent strength. Watch for further details on the JDAM LR program and any updates on 737 production rates.
At the time of this announcement, BA was trading at $211.26 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 8 out of 10. Source: Wiseek News.