FAA Clears Final Safety Review of 737 MAX 10, Certification Days Away
BA is trading near its 52-week low of $176.77 (7.6% above the low).
Summary
The FAA finished its final safety review of the 737 MAX 10 and certification could land as soon as next week, the last major hurdle before Boeing can start delivering the roughly 1,500 orders booked from United, Alaska, Ryanair, Delta and American. September activity was solid: 57 jets delivered (43 of them 737 MAX) and 165 gross orders with zero cancellations, led by Turkish Airlines' 100-aircraft MAX order and a related 300+ LEAP-1B engine deal. That puts Q3 commercial deliveries at 161 and year-to-date at 475, with a backlog of 6,371 aircraft. The MAX 10 is the piece that unlocks cash flow, so a near-term certificate is the most consequential item here.
At the time of this announcement, BA was trading at $190.12 on NYSE in the Manufacturing sector, with a market capitalization of approximately $150.3B. 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 7 out of 10. Source: Wiseek News.