Uganda Airlines Orders 10 New Boeing Jets, Adding to Growing Backlog
BA sits 18% above its 52-week low of $176.77 on light trading volume (0.4× avg).
Summary
Uganda Airlines has placed an order for 10 new Boeing aircraft, according to Uganda's national broadcaster. This new agreement contributes to Boeing's expanding order book, following recent major purchases like 200 jets from China and 136 units in April. The consistent flow of new orders supports Boeing's ongoing efforts to ramp up production, as seen in recent reports of plans to increase 737 MAX output to 70 jets per month.
At the time of this announcement, BA was trading at $208.58 on NYSE in the Manufacturing sector, with a market capitalization of approximately $164.4B. 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.