The Boeing Company (BA) has been the focus of various news articles reporting its recent activities. Among these, reports include Wesleyan Assurance Society's recent purchase of 12,000 shares and &Partners's $2.5 million stake. An array of market analysts have taken bullish stances on the company, pointing to BA's solid position in the aerospace and defense sectors. In other news, the company's shares have been sold by various investment entities such as Fifth Third Bancorp and Raymound James Financial Services Advisors Inc.
Notable challenges were reported including grounding the 777X test fleet due to detected cracks in the engine mounting structure. However, positive developments were also highlighted, including a contract win worth $248M to aid the F/A-18 E/F Jet Program, and a prospective agreement with Saudi's wealth fund to supply cargo planes. The company's earnings results indicate mixed financial performances and Q1 2025 earnings are forecasted to be $1.29 per share.
Recent controversial events include Boeing's guilty plea in a criminal case and the company's decision to acquire Spirit AeroSystems in an $8.3 billion deal. Despite the issues, several investors and analysts continue to endorse BA as a good investment option.
Boeing Company BA News Analytics from Wed, 25 Oct 2023 18:23:39 GMT to Sun, 25 Aug 2024 05:10:42 GMT - Rating 2 - Innovation -3 - Information 7 - Rumor 1
