ACG Finalizes Order for 50 Boeing 737 MAX Jets, Totaling 121 Aircraft
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Order Expansion: ACG has finalized an order for 50 737 MAX jets, including 25 of the 737-8 and 25 of the 737-10, scheduled for delivery in 2032 and 2033, enhancing the strategic value of its order book and supporting its growth strategy.
- Market Demand Response: This order increases ACG's total 737 MAX order to 121 aircraft, reflecting a strong response to market demand for fuel-efficient airplanes, which is expected to enhance its competitiveness in the global aircraft leasing market.
- Aircraft Performance Advantage: The 737-8 can carry 189 passengers with a range of 3,500 nautical miles (6,480 km), while the 737-10 accommodates 230 passengers with a range of 3,100 nautical miles (5,740 km), making both models attractive to a wider customer base due to their efficiency.
- Engine Technology Support: All aircraft in this new order will be powered by LEAP-1B engines from CFM International, with each 737 MAX reducing fuel consumption and carbon emissions by 20% and having a 50% smaller noise footprint compared to the aircraft they replace, thereby enhancing customer value for ACG.
Analyst Views on BA
Wall Street analysts forecast BA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BA is 249.07 USD with a low forecast of 150.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
13 Buy
2 Hold
1 Sell
Strong Buy
Current: 234.530
Low
150.00
Averages
249.07
High
285.00
Current: 234.530
Low
150.00
Averages
249.07
High
285.00
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.
