El Al Expands Boeing Deal, Orders Six More 787 Dreamliners with Options for Six Additional Jets
BA sits 46% above its 52-week low of $153.545.
Summary
El Al Israel Airlines announced it is exercising options to purchase six additional 787-9 Dreamliner aircraft from Boeing. The agreement further expands to include options for up to six more 787 aircraft and upgrades for some existing orders to the larger 787-10 model. This new order provides a positive boost to Boeing's order book, coming after recent reports of a significant decline in civilian aircraft orders for February and slowed jet deliveries in March. While not a transformative order for a company of Boeing's scale, it represents a material win for the 787 program and signals continued demand for its wide-body jets, helping to counter recent negative sentiment.
At the time of this announcement, BA was trading at $224.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $176B. The 52-week trading range was $153.55 to $254.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.