Boeing Stock Price, News & Analysis

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.

On September 30, 2021, Boeing announced a $1 million donation to 28 organizations supporting Hispanic and Latinx communities in the U.S. as part of Hispanic Heritage Month. The funding aims to enhance appreciation for Hispanic history and culture, boost STEM education in underserved schools, and promote Latinx leadership development. Notable allocations include $300K to the Hispanic Heritage Foundation and $100K to Great Minds in STEM. This initiative underscores Boeing's commitment to community impact and diversifying the aerospace talent pipeline.

Boeing (NYSE: BA) has secured a follow-on contract with the U.S. Department of Defense, valued at up to $23.8 billion over ten years, to ensure the mission readiness of the C-17 Globemaster III. The initial Phase I award totals $3.5 billion and funds sustainment activities for a fleet of 275 aircraft until September 2024. This performance-based logistics contract aims to lower costs while enhancing operational efficiency through innovative analytics and engineering services, demonstrating Boeing's commitment to maintain high mission-capability rates.