Boeing CEO Says China to Purchase 200 Jets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
According to Boeing CEO Kelly Ortberg, China's commitment to purchase 200 Boeing jets will be solidified later this year and is only an "initial tranche" of a potentially larger deal, Julie Zhu and Anne Marie Roantree of Reuters reports. Some investors have expressed disappointment in the deals size, but Ortberg said, "It's a good start. And I'm very confident that keeping that market open, that's an initial tranche of aircraft, and there will be more to come."
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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: 228.780
Low
150.00
Averages
269.14
High
298.00
Current: 228.780
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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