China Advances on 200-Jet Boeing Order, 140 Deals in Good State
BA is trading near its 52-week low of $176.77 (14% above the low) on light trading volume (0.4× avg).
Summary
U.S. Trade Representative Jamieson Greer said China is making progress on its May commitment to buy 200 Boeing jets, with about 140 orders in good state and 10 more being written down. This is the first concrete update on the deal since it was announced, and it signals that the orders are moving toward finalization. The deal was Boeing's first major Chinese order in nearly a decade, so progress here is a meaningful positive for the company's commercial backlog. No additional orders were indicated ahead of the Trump-Xi meeting this week.
At the time of this announcement, BA was trading at $201.62 on NYSE in the Manufacturing sector, with a market capitalization of approximately $159.4B. 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.