Boeing Stock Price, News & Analysis

Boeing (NYSE: BA) announced plans to open three new conversion lines for the 737-800BCF freighter in North America and Europe, responding to a surge in global demand. The company has secured an order from Icelease for eleven freighters, marking the launch of one conversion line at Boeing's London Gatwick facility in 2022 and two additional lines at KF Aerospace in Canada by 2023. Boeing predicts a need for 1,720 freighter conversions over 20 years, with over 1,200 being standard-body conversions, bolstering its position as the leader in this market.

The Boeing 777X has successfully arrived at Dubai World Central ahead of the Dubai Airshow, marking its first international flight with a nearly 15-hour journey from Seattle. The 777-9 model is designed to be the world's largest and most efficient twin-engine jet, offering 10% improved fuel efficiency, emissions, and operating costs. It has garnered 351 orders from eight customers globally, with first delivery expected in late 2023. The aircraft will be showcased at the Dubai Airshow starting November 14.

Boeing (NYSE: BA) announced that A.P. Moller - Maersk has placed an order for two 777 Freighters, marking Maersk's first 777 aircraft acquisition. Operated by Star Air, the freighters enhance Maersk's logistics capabilities. The 777 Freighter, renowned for its fuel efficiency and range, allows for a maximum payload of 102,000 kilograms. With over 300 aircraft ordered since 2005, Boeing's 777 Freighter remains a market leader. This purchase aligns with the growing demand in the air cargo sector, where Boeing boasts over 90% of dedicated freighter capacity worldwide.

Boeing (NYSE: BA) announced a $1.8 million donation in support of Indigenous communities in the U.S. during Native American Heritage Month. The funding will benefit 22 programs focused on clean water access, COVID-19 resources, disaster preparedness, and STEM education for Native American students and veterans. This investment raises Boeing’s total contributions to over $3.3 million for Indigenous populations in the past three years. Key recipients include the Boys & Girls Clubs of America and Oklahoma State University.

Boeing reported Q3 2021 revenues of $15.3 billion, an increase of 8% year-over-year, and a GAAP loss per share of ($0.19). The operating cash flow improved to ($0.3) billion, due to higher commercial deliveries and order receipts. Despite a backlog of $290 billion in commercial airplanes, the company’s cash and marketable securities decreased to $20.0 billion. The 737 MAX program shows progress with 85 deliveries this quarter, while the 787 program faces delays. Boeing remains focused on recovery, with significant investments to enhance operational stability.

The Chief Technology Officers (CTOs) of major aerospace manufacturers, including Boeing, reaffirm their commitment to sustainable aviation in a joint statement. This initiative aims for net-zero carbon emissions by 2050 and focuses on advancing aircraft technology, promoting Sustainable Aviation Fuel (SAF), and exploring hydrogen fuel. With over $75B in R&D spent collectively over five years, the CTOs call for policy support, investment in SAF, and collaboration across the industry. The statement highlights the aviation sector's crucial role in the global economy while addressing its environmental impact.

The Boeing Company (BA) reported significant program deliveries for Q3 2021, emphasizing progress in operational stability, safety, and quality. Key highlights include an increase in 737 MAX deliveries, totaling 66 for the quarter and 179 year-to-date. The company is focused on thorough inspections of the 787 production system, maintaining a reduced production rate of under five airplanes monthly to ensure quality. Boeing aims to continue these efforts despite impacts on deliveries, positioning itself for long-term market recovery. The detailed financial results will be shared on October 27.

Boeing Company (NYSE: BA) is set to announce its financial results for Q3 2021 on October 27. CEO David Calhoun and CFO Brian West will lead a conference call at 10:30 a.m. ET to discuss the results and outlook. The call will be accessible via webcast and can be dialed in from various locations. Interested parties are encouraged to check the webcast link in advance to ensure compatibility. Relevant news releases and presentation materials will be available on Boeing's investor site before the call.