Boeing's Jet Deliveries Increase Amid Competitive Pressure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
0mins
Source: Business Insider
Boeing's stock rose 5.00% as it reached a 5-day high, reflecting positive market sentiment following recent delivery figures.
The company reported delivering 60 jets in May, a 33% year-over-year increase, which, while below Airbus's 81 deliveries, indicates a recovery in production and strong demand for the 737 MAX. This uptick in deliveries is crucial for Boeing as it seeks to regain market share and investor confidence after facing significant challenges in recent years.
The increase in deliveries suggests that Boeing is on a path to recovery, but it must continue to improve its production capabilities to compete effectively with Airbus and meet growing demand.
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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: 225.630
Low
150.00
Averages
269.14
High
298.00
Current: 225.630
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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