Boeing Stock Price, News & Analysis

The Boeing Company [NYSE: BA] announced the appointment of Brian West as the new executive vice president and chief financial officer, effective August 27, 2021. West will oversee Boeing's financial strategy, reporting, and business transformation efforts, reporting directly to President and CEO David Calhoun. His extensive background in financial management across various industries includes roles at Refinitiv and GE Aviation. West takes over from Greg Smith, who is retiring. Dave Dohnalek will serve as interim CFO until West's arrival.

Boeing (NYSE: BA) has appointed Lieutenant General Stayce D. Harris to its board of directors, where she will serve on the Aerospace Safety and Audit committees. Harris is a retired U.S. Air Force Lieutenant General with a distinguished career and experience as a Boeing 747 pilot. She has logged over 10,000 flight hours and is noted for being the first African American woman to command several Air Force operational units. Boeing's leadership anticipates her extensive aviation and military experience will enhance board discussions on safety and integrity.

Boeing (NYSE:BA) announced a significant expansion of its 737 order book with United Airlines, which has ordered an additional 200 737 MAX jets. This includes 150 of the 737-10 and 50 of the 737-8 models, bringing United's total orders for this family to 380. This move aligns with United’s 'United Next' vision to enhance air travel experiences and meet the rising demand for air travel. Boeing's 737 MAX series is designed for fuel efficiency and reduced emissions, showcasing the company's commitment to sustainable aviation.

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.