Boeing Stock Price, News & Analysis

Boeing's 737-10, the largest in the 737 MAX family, successfully completed its first flight on June 18, 2021. Taking off from Renton Field at 10:07 a.m. and landing at Boeing Field at 12:38 p.m., the flight tested various systems and controls. President and CEO Stan Deal highlighted that the 737-10 offers increased capacity and fuel efficiency, aiming for certification before its 2023 entry into service. The aircraft can carry up to 230 passengers and features a 14% reduction in carbon emissions and 50% less noise compared to earlier models.

On June 4, 2021, Boeing's MQ-25 T1 became the first unmanned aircraft to successfully refuel another aircraft, a U.S. Navy F/A-18 Super Hornet, during a test flight. This milestone was achieved after 25 test flights and marks a significant advancement in unmanned systems integration for defense operations. Boeing aims to enhance the carrier air wing's capabilities by allowing MQ-25 to take over the refueling role currently performed by F/A-18s. Future tests will include deck handling trials in Norfolk, Virginia, later this year.

Boeing (BA) and Alaska Airlines (ALK) have partnered for the 2021 ecoDemonstrator program, flight testing approximately 20 technologies on a new 737-9 to enhance aviation safety and sustainability. The project includes innovations such as a halon-free fire extinguishing agent and recycled cabin materials. This collaboration aims to significantly reduce the environmental impact of air travel, addressing greenhouse gas emissions and noise reduction. Boeing is committed to making its aircraft compatible with 100% sustainable aviation fuel by 2030.

Boeing (NYSE: BA) announced that SMBC Aviation Capital has ordered 14 additional 737-8 jets, expanding its 737 MAX portfolio to 121 jets. This order comes as airlines anticipate a strong recovery in air travel and seek to modernize their fleets for improved fuel efficiency and reduced emissions. Recent demand for the 737 MAX has surged following its return to service. The new 737-8 model offers enhanced capabilities, flying 3,550 nautical miles, and achieving a 16% reduction in fuel use and CO2 emissions compared to its predecessors.

On May 25, Motorola Solutions Foundation (MSI) and Boeing (BA) will host the annual Chicago STEM Signing Day for the fourth consecutive year. The event recognizes 50 underrepresented students from the Chicagoland area committing to top technical schools and careers in STEM fields. Each student will receive a $1,000 scholarship. The virtual celebration features key speakers including Mayor Lori E. Lightfoot. Since 2018, the Foundation has awarded over $150,000 in scholarships to more than 175 students. Boeing also supports STEM initiatives nationwide, impacting nearly 2,000 students since inception.

Boeing President and CEO Dave Calhoun will address the Bernstein Strategic Decisions Conference on June 3, 2021, at 2:30 p.m. ET. The conference will provide insights into Boeing's strategic decisions and future outlook. Interested individuals can access the live broadcast here, and are advised to check the website for audio stream availability prior to the session.

Boeing (NYSE: BA) and the Lufthansa Group have announced a new order for five 787-9 Dreamliners, expanding their fleet modernization efforts. This order increases the total to 25 units, complementing the initial 20 ordered in 2019. The 787-9 offers up to 25% improved fuel efficiency and lower emissions compared to older models. Lufthansa aims to enhance environmental performance and reduce operational costs with these advanced aircraft, as they prepare for market recovery.

Boeing (NYSE: BA) announced a $10 million emergency assistance package to support India's COVID-19 response amid a surge in cases. The funding will be directed to organizations providing medical supplies and healthcare relief. Boeing's CEO, Dave Calhoun, expressed solidarity with the Indian people, emphasizing the company's commitment to being part of the solution. Boeing has a long-standing presence in India, positively impacting over 300,000 lives through various community engagement initiatives.

Boeing reported first-quarter 2021 revenue of $15.2 billion, down 10% from 2020, with a GAAP loss per share of ($0.92). The company resumed 787 deliveries and continued progress on the 737 MAX return to service. Operating cash flow was (3.4 billion), while total backlog grew to $364 billion. Defense sector revenues rose 19% to $7.2 billion, driven by KC-46A Tanker orders. Challenges persist with lower commercial services and the impact of COVID-19, but the overall outlook remains cautiously optimistic.