Boeing Reports Highest Deliveries Since 2018, Plans Production Increase for 2026
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Delivery Recovery: Boeing delivered 528 aircraft in 2023 and is set to deliver 348 in 2024, marking the highest delivery numbers since 2018, indicating a gradual recovery in production capabilities after safety crises.
- Production Plan Update: Boeing plans to increase its 737 Max production capacity from 38 to 42 aircraft per month by early 2026, which will further enhance its competitive position in the market.
- Order Growth: As of November, Boeing secured 1,000 new orders, surpassing Airbus's 797, reflecting airline confidence in Boeing's products, particularly regarding the certification progress of the 737 Max 10.
- Strong Market Demand: Global air travel demand remains robust, with an 84% load factor in November, the highest on record, driving continued growth in aircraft orders for both Boeing and Airbus over the next decade.
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: 227.380
Low
150.00
Averages
249.07
High
285.00
Current: 227.380
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.
