Boeing Secures $1.5 Billion Deal with El Al for Dreamliners
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy BA?
Source: seekingalpha
Boeing's stock rose by 3.02% as it reached a 20-day high, reflecting positive market conditions.
The company announced that El Al Israel Airlines will purchase up to 12 additional 787 Dreamliners in a deal valued at approximately $1.5 billion. This order includes options for six 787-9 jets and upgrades to four larger, more efficient 787-10 aircraft, with deliveries expected between 2030 and 2032. This expansion will support El Al's long-haul growth to key markets such as North America and Asia, enhancing Boeing's order book and market position.
This significant order not only strengthens Boeing's relationship with El Al but also highlights the ongoing demand for modern aircraft in the aviation market, which is crucial for Boeing's recovery and growth strategy.
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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: 218.880
Low
150.00
Averages
269.14
High
298.00
Current: 218.880
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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