Malaysia Airlines Nears Boeing 787 Order, Boosting Widebody Backlog
BA is trading near its 52-week low of $176.77 (12% above the low) on elevated volume (2.1× avg).
Summary
Malaysia Airlines is reportedly close to ordering Boeing 787 Dreamliners, according to Bloomberg News. The potential deal would add to Boeing's commercial backlog and signal demand for widebody aircraft in Southeast Asia. No order size or delivery timeline was disclosed. This follows Boeing's recent $131.23 billion U.S. Air Force contract and a narrower Q2 loss, but the commercial segment remains a key focus. Traders will watch for an official announcement with firm order numbers.
At the time of this announcement, BA was trading at $197.49 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $155.7B. 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 7 out of 10. Source: Reuters.