Latest news with #737MAX
Business Insider
19 hours ago
- Business
- Business Insider
Saudi Arabia set to place orders for dozens of Airbus jets, Reuters says
Saudi Arabia is set to place orders for billions of dollars of Airbus (EADSY) jets as the kingdom balances suppliers in its quest to match the aviation growth of Gulf neighbors, industry sources said, according to Reuters. Leasing company AviLease, which placed an order for 30 Boeing (BA) 737 MAX jets during a visit to the region this month by U.S. President Donald Trump, could place a comparable order for Airbus A320neo jets at next month's Paris Airshow, they said. Confident Investing Starts Here:
Globe and Mail
a day ago
- Business
- Globe and Mail
Boeing Stock (NYSE:BA) Climbs as It Gets Its Groove Back
Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter After a turbulent 2024 marked by production setbacks and regulatory scrutiny, aerospace stock Boeing (NYSE:BA) has been on an upswing in 2025. Year-to-date, Boeing shares have risen ~16%, buoyed by a combination of improved operational performance and renewed investor confidence. The company's efforts to stabilize production lines and address past quality issues have started to bear fruit, signaling a potential turnaround for the aerospace giant. CEO Signals a Return to Strength That momentum got a major boost today. Speaking at the Bernstein Strategic Decisions Conference, CEO Kelly Ortberg delivered the clearest signal yet that Boeing is back on the offensive. He laid out plans to raise 737 MAX production from the current FAA-capped 38 jets per month to 42 in the near term, with a target of hitting 47 per month by year-end. Ortberg emphasized that the ramp-up is conditional on meeting quality benchmarks and regulatory sign-off. Ortberg also confirmed that Boeing is preparing to resume aircraft deliveries to China in June, marking a major milestone after a prolonged pause caused by geopolitical and trade tensions. The return of Chinese buyers, historically a key growth market for Boeing, could offer a meaningful boost to the company's commercial segment. Another important update from the conference was Boeing's timeline for certifying its remaining 737 MAX variants. Ortberg said the company is aiming to complete certification for both the MAX 7 and MAX 10 models by the end of 2025. These additions to the MAX lineup are critical for Boeing's competitive positioning and future order growth. Quality Improvements and Cash Flow Outlook Ortberg highlighted that customer satisfaction is improving, noting, 'Virtually every one of our customers is reporting a higher quality of airplane at delivery.' Internally, Boeing has seen a 30% reduction in factory defects, a sign that its quality-focused initiatives are paying off. Looking ahead, Ortberg expressed confidence in achieving positive free cash flow in the second half of 2025, an important financial milestone after a challenging period. Investors responded positively, sending Boeing shares up 3% on the day. Boeing Stock Is a Moderate Buy Overall, Boring stock has attracted 20 analyst reviews, with a breakdown of 15 Buys, 4 Holds, and 1 Sell giving a Moderate Buy consensus rating. Shares are priced at $206.79 and their average price target of $213.37 implies ~3% upside. (See BA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
a day ago
- Business
- Yahoo
Howmet needs to ramp engine parts production as jet output rises, CEO says
(Reuters) -Howmet Aerospace will need to produce more parts this year for engines used in Boeing and Airbus narrowbody jets, as the planemakers ramp up output and the need for spares grows, the parts supplier's CEO John Plant said on Friday. Plant's comments come a day after Boeing expressed optimism about increasing the production of the best-selling 737 MAX jets to 42 a month. The move could benefit players such as Howmet, one of Boeing's biggest suppliers. However, supply chain challenges continue to weigh on the industry as Boeing and Airbus manufacture more jets, with no one particular bottleneck to blame. Howmet also expects demand for its fasteners to rise, with global inventory running low after a fire at an SPS Technologies factory in Pennsylvania in February destroyed an important source of capacity. "There's lots more to bid and we've got three customers already where we have production orders for as soon as we can make them," Plant said at a Bernstein conference. He also acknowledged a force majeure letter on tariffs sent to customers in April, which was first reported by Reuters. Plant said the letter helped get new agreements in place to cover exposure risk in case of an emergency. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
a day ago
- Business
- Reuters
Howmet needs to ramp engine parts production as jet output rises, CEO says
May 30 (Reuters) - Howmet Aerospace (HWM.N), opens new tab will need to produce more parts this year for engines used in Boeing and Airbus narrowbody jets, as the planemakers ramp up output and the need for spares grows, the parts supplier's CEO John Plant said on Friday. Plant's comments come a day after Boeing (BA.N), opens new tab expressed optimism about increasing the production of the best-selling 737 MAX jets to 42 a month. The move could benefit players such as Howmet, one of Boeing's biggest suppliers. However, supply chain challenges continue to weigh on the industry as Boeing and Airbus manufacture more jets, with no one particular bottleneck to blame. Howmet also expects demand for its fasteners to rise, with global inventory running low after a fire at an SPS Technologies factory in Pennsylvania in February destroyed an important source of capacity. "There's lots more to bid and we've got three customers already where we have production orders for as soon as we can make them," Plant said at a Bernstein conference. He also acknowledged a force majeure letter on tariffs sent to customers in April, which was first reported by Reuters. Plant said the letter helped get new agreements in place to cover exposure risk in case of an emergency.
Yahoo
a day ago
- Business
- Yahoo
Howmet needs to ramp engine parts production as jet output rises, CEO says
(Reuters) -Howmet Aerospace will need to produce more parts this year for engines used in Boeing and Airbus narrowbody jets, as the planemakers ramp up output and the need for spares grows, the parts supplier's CEO John Plant said on Friday. Plant's comments come a day after Boeing expressed optimism about increasing the production of the best-selling 737 MAX jets to 42 a month. The move could benefit players such as Howmet, one of Boeing's biggest suppliers. However, supply chain challenges continue to weigh on the industry as Boeing and Airbus manufacture more jets, with no one particular bottleneck to blame. Howmet also expects demand for its fasteners to rise, with global inventory running low after a fire at an SPS Technologies factory in Pennsylvania in February destroyed an important source of capacity. "There's lots more to bid and we've got three customers already where we have production orders for as soon as we can make them," Plant said at a Bernstein conference. He also acknowledged a force majeure letter on tariffs sent to customers in April, which was first reported by Reuters. Plant said the letter helped get new agreements in place to cover exposure risk in case of an emergency. Sign in to access your portfolio
