Boeing 777-9 Test Flight Success Boosts Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy BA?
Source: Fool
- Successful Test Flight: Boeing's 777-9 completed its first test flight for German carrier Lufthansa on May 7, and the successful outcome led to a 7.6% increase in Boeing's stock for the week ending May 11, indicating a resurgence of market confidence in the company.
- Optimistic Delivery Outlook: The success of this test flight suggests that Boeing may be able to deliver the 777-9 to Lufthansa later this year, alleviating fears that initial deliveries could be delayed until 2027, which is critical as the 777 is Boeing's largest and most fuel-efficient aircraft.
- Chinese Market Potential: Boeing CEO Kelly Ortberg is set to accompany President Trump to an upcoming business summit in China, and speculation is rising about a potential order for 500 737 MAX jets, which could significantly boost Boeing's stock if realized.
- Industry Confidence Rebound: Improvements in Boeing's safety and production processes, combined with the successful test flight of the 777-9, may instill long-term confidence among investors, further solidifying its position in the aviation market, especially against competitors.
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Analyst Views on BA
Wall Street analysts forecast BA stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 229.210
Low
150.00
Averages
269.14
High
298.00
Current: 229.210
Low
150.00
Averages
269.14
High
298.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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