Boeing Stock Price, News & Analysis

The last Boeing 747 has departed from the company's widebody factory in Everett, Washington, ahead of a delivery to Atlas Air in early 2023. This marks the end of a 54-year production run, during which 1,574 units were manufactured. The 747-8, the final model produced, is the longest commercial aircraft at 250 ft 2 in, capable of carrying a revenue payload of 133.1 tonnes. Boeing has stated that the iconic 747 will continue to operate for many years to come, underscoring its significant role in the aerospace industry and Boeing's legacy.

Boeing has appointed Dr. Brendan Nelson as president of Boeing International, effective January 12, 2023. Nelson, previously president of Boeing Australia and New Zealand, succeeds Sir Michael Arthur, who will retire after five decades. In his new role, Nelson will lead international strategy and operations, overseeing 20 regional offices globally and enhancing Boeing's presence in key markets. Maria Fernandez PSM will replace Nelson as president of Boeing Australia. This leadership shift aims to strengthen Boeing's global business and respond to the complexities of the geopolitical landscape.

The United States Space Force's Wide Field of View Testbed achieved a significant milestone by transmitting its "First Light" mission data on October 25, 2022. Developed by Millennium Space Systems, a Boeing company, this technology aims to enhance missile warning capabilities. Col. Heather Bogstie emphasized the success of the sensor and its potential impact on missile warning architecture. The calibration phase is scheduled to continue through January 2023, refining algorithms to improve global awareness. Millennium Space Systems has also secured a one-year operations contract for WFOV.

On November 28, 2022, Viasat announced the successful completion of the Final Integrated Satellite Test (FIST) for its ViaSat-3 Americas satellite, confirming its readiness for launch. Following several rigorous testing phases simulating launch conditions, the satellite demonstrated its functionality and durability. The project aims to enhance global satellite coverage, with a focus on high bandwidth economics and flexibility. The ViaSat-3 constellation will include additional satellites for EMEA and Asia Pacific, further expanding Viasat's service capabilities.

On Nov. 22, 2022, Boeing and ThinkYoung launched the inaugural coding school for Ukrainian teenagers in Gdańsk, Poland. The initiative aims to equip youth with coding skills and emotional intelligence, addressing educational needs amid the ongoing impact of the Ukraine war. Classes are available to 20-40 teens aged 13-18, free of charge, with a focus on future job market skills. This program is part of Boeing's broader community engagement strategy, which has seen over €5.9 million invested in STEM projects since 2018. Boeing also committed €2 million in humanitarian aid for Ukraine.

Boeing (BA) announced significant executive leadership changes to enhance operational discipline and performance within its Defense, Space & Security (BDS) unit. Effective immediately, BDS will consolidate from eight divisions to four: Vertical Lift, Mobility, Surveillance & Bombers, Air Dominance, and Space, Intelligence & Weapon Systems. This restructuring aims to improve integration and program quality. Additionally, Boeing Global Services will streamline its government services under one organization. Retirements of key leaders Tim Peters and Cindy Gruensfelder coincide with this transition.

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.