Boeing Stock Price, News & Analysis

NASA's Space Launch System rocket, featuring a core stage built by Boeing, successfully launched at 1:47 a.m. ET from Kennedy Space Center on November 16, 2022. This marks the first super-heavy lift launch capability in 50 years. The core stage executed critical functions, including fueling and engine ignition, and separated successfully from the upper stage, sending the Orion spacecraft on its maiden lunar journey. Boeing is preparing for future Artemis missions, with Core Stage-2 and 3 already in assembly.

Boeing (NYSE:BA) has announced a finalized order with Silk Way West Airlines for two 777-8 Freighters, along with options for two additional aircraft. This agreement was made public on November 10, 2022, during a signing ceremony in Seattle. Silk Way West Airlines, marking its 10th anniversary, becomes the first customer in the Eurasia region to order this model. Boeing's 777-8 Freighter is noted for its fuel efficiency, boasting a 30% improvement over previous models. The global freighter fleet is expected to increase by 60% by 2041 due to rising air cargo demand.

Boeing [NYSE:BA] and Japan's Skymark Airlines announced plans for the airline to modernize its fleet with an order of up to 12 737 MAX airplanes. This includes an order for four jets, comprising the 737-8 and 737-10 variants, along with options for two additional aircraft. Additionally, Skymark will incorporate six lessor-owned 737-8s. The 737 MAX offers a 20% reduction in fuel use and carbon emissions, enhancing operational efficiency. Boeing's order updates will reflect this transaction once finalized.

Boeing (NYSE:BA) and Emirates have announced an order for five 777 Freighters, worth over $1.7 billion. This expansion of Emirates' all-Boeing dedicated freighter fleet aims to meet growing air freight demand. Emirates SkyCargo will operate these new aircraft, joining an existing fleet of 11 777 Freighters. Emirates, the world's largest operator of the 777 family, reaffirms its commitment to fuel-efficient solutions and enhancing cargo capacity, following a previous $1 billion investment announced at the last Dubai Airshow.

Boeing (NYSE: BA) has announced a partnership with Tarjimly, a translation service, to enhance access for refugees and immigrants. The company is investing $100,000 in a multi-year program aimed at increasing translator connections for over 5,000 refugees in need. This initiative will expedite access to humanitarian services by providing real-time language support. Tarjimly connects users with volunteer translators in 120+ languages and aims to eliminate language barriers in humanitarian contexts.

Tetra-1, a satellite prototype developed by Millennium Space Systems, a Boeing company, was successfully launched aboard USSF-44 from Cape Canaveral, Florida on November 1, 2022. The project was completed in under 15 months, making it the first achievement under the U.S. Space Force's Space Systems Command's Space Enterprise Consortium OTA charter, with delivery occurring 60% faster than previous missions. This milestone highlights Millennium's capability in rapidly designing, building, and deploying small satellite solutions for various geosynchronous missions.

International Airlines Group (IAG) shareholders approved an order with Boeing for 50 737-8-200 and 737-10 aircraft, along with options for 100 more. This agreement, initially announced in May 2022, will be reflected on Boeing's Orders & Deliveries website in November. The 737-10 can seat up to 230 passengers and covers significant routes, while the 737-8-200 offers higher revenue potential with reduced fuel consumption. These new models feature advanced engines and winglets, improving fuel efficiency by up to 20% compared to older models.

Boeing (NYSE: BA) and Alaska Airlines have announced an order for 52 new 737 MAX airplanes, including options for 42 737-10 and 10 737-9 models. This move marks a strategic step towards building one of the industry's most efficient and sustainable fleets. With this order, Alaska's total unfilled orderbook for 737 MAXs exceeds 100 jets. The 737 MAX family offers enhanced reliability and fuel efficiency, crucial for Alaska's growth strategy. By the end of 2023, Alaska aims to operate an all-Boeing mainline fleet, reinforcing its partnership with Boeing.

Boeing reported Q3 2022 revenue of $16.0 billion, marking a 4% increase year-over-year. Operating cash flow improved significantly to $3.2 billion. However, the company experienced a GAAP loss per share of ($5.49), driven by losses on fixed-price defense programs totaling $2.8 billion. Total backlog stands at $381 billion, with over 4,300 commercial airplanes. Despite challenges, Boeing remains optimistic about achieving positive free cash flow for the year, noting improvements in commercial airplane deliveries.