The Boeing Company (BA) has recently made headlines due to its stocks being sold by notable asset management firms such as
Brookstone Capital Management and
Royal Fund Management LLC. Despite this, several industry analysts express a bullish sentiment towards the aerospace and defense stock. The company revealed a fresh issue regarding its 737s which could potentially slow down deliveries. This comes in addition to ongoing safety concerns and a recent scandal involving the 737 Max crisis. However, Boeing has clinched a few deals recently, finalizing an order for up to 31 Boeing 737 MAX Jets with
EL AL Israel Airlines and selling 96 AH-64E Apache helicopters to Poland. Furthermore, Boeing is currently in talks with Sierra Space for a potential sale of the
United Launch Alliance. Boeing's Q2 earnings missed expectations, contributing to a 29.5% year-to-date decrease in its stock price. Yet, the company's future prospects are getting attention due to its potential recovery plan and the expectation for the company to increase 737 production in the latter half of the year. Lastly, in an unconventional move, Boeing is set to buy back Spirit AeroSystems for $8.3B.
Boeing Company BA News Analytics from Wed, 25 Oct 2023 18:23:39 GMT to Sun, 18 Aug 2024 12:44:34 GMT -
Rating -2
- Innovation 5
- Information 6
- Rumor -5
