Latest news with #KellyOrtberg
Business Insider
4 hours ago
- Business
- Business Insider
Boeing CEO works with Trump administration, new aircraft not priority, FT says
In an interview with The Financial Times, Boeing (BA) CEO Kelly Ortberg said he was working with the Trump administration to ensure the company did not become as 'unintended consequence' of the trade war with China, suggesting countries buy more of its aircraft to reduce their trade deficits with the U.S., Sylvia Pfeifer and Claire Bushey of The Financial Times reports. Ortberg also told the Times the launch of a new aircraft expected to replace its 737 Max was not an immediate priority, adding the 'market is not ready now.' Confident Investing Starts Here:
Bloomberg
a day ago
- Business
- Bloomberg
Boeing Says New Model to Replace 737 Max Not a Priority: FT
Launching a new aircraft to replace the best-selling Boeing 737 Max isn't an immediate priority, the aircraft manufacturer's Chief Executive Officer Kelly Ortberg told the Financial Times in an interview. The market isn't ready for the model, he said, adding that Boeing is also not currently in a financial position to invest in the development of new planes.
Business Insider
2 days ago
- Business
- Business Insider
A New Assembly Line at Everett? Boeing Stock (NYSE:BA) Slips as Expansion Considered
We know that aerospace stock Boeing (BA) has been struggling to get its production back up to snuff, even to hit the limits established by the Federal Aviation Administration (FAA). But Boeing might be on track to get its production back up and running full-tilt, and a new expansion could be proof of that. The news did not sit well with shareholders, though, as share prices slipped fractionally in Friday afternoon's trading. Confident Investing Starts Here: Boeing wants to get its numbers back up, particularly as the Chinese market is coming back online and offering up a potential new gold mine of orders for Boeing. In fact, Kelly Ortberg—Boeing's CEO—recently noted that the Everett plant may get an entire production line for the 737 Max 10 jet. The interesting part about this is that the jet in question has not yet been certified by the FAA for use, despite efforts to get it to that point. Boeing has had plans to ramp up the new Max production capabilities in the works since 2023, reports noted, but the plans have not yet been made concrete. With this new line, it represents a huge step forward and the very real possibility of the Max 10's certification soon. After all, why set up a production line for a plane you are not allowed to build by law? Another DEI Shutdown Meanwhile, Boeing also pared back a diversity, equity and inclusion (DEI) program, which works to bring it toward a goal of '…ensur(ing) compliance with the law.' Boeing shut down both events and funding for two programs: diversity councils and business resource groups. Boeing has nine such groups within its operations, serving as 'affinity groups,' or groups that worked '…connect and develop individuals with a common interest or identity, including race and gender.' It is worth noting that these groups are apparently 'open to all workers,' though one wonders how those workers who are not in line with the affinity group in question are treated. Boeing has already shuttered its entire DEI department as far back as November, and its head ultimately left Boeing altogether. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 15 Buys, four Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 17.21% rally in its share price over the past year, the average BA price target of $213.37 per share implies 3.34% upside potential.
Globe and Mail
3 days 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
3 days ago
- Business
- Yahoo
Watch These Boeing Price Levels After Stock Jumps to Highest Level in 15 Months
Boeing shares closed at their highest level since February 2024 following news that the company will resume delivering planes to China next month. The stock broke above a flag pattern in Thursday's trading session, setting the stage for a continuation move higher. Investors should watch key support levels on Boeing's chart around $199 and $187, while also monitoring resistance levels near $234 and $ (BA) shares closed at their highest level since February last year on news that the company will resume delivering planes to China next month. CEO Kelly Ortberg said that the country's airlines had indicated they would begin taking first deliveries in June, with the development coming after China earlier this month reportedly reversed a ruling barring its airlines from taking deliveries of Boeing planes. Sentiment likely received an added boost after Ortberg said Boeing plans to increase production of its top selling 737 Max jets to 42 per month in the near-term and 47 per month by the end of the year. Boeing shares have rebounded 62% from their early-April low and trade 18% higher since the start of the year through Thursday's close, lifted by growing optimism that the jet maker could become a beneficiary of a broader U.S-China trade deal. The stock was the top gainer in the Dow Jones Industrial Average on Thursday, rising more than 3% to around $208. Below, we take a closer look at Boeing's chart and apply technical analysis to identify price levels worth watching out for. Boeing shares broke out above the neckline of a double bottom earlier this month before consolidating in a flag, a chart pattern that signals a continuation of the stock's strong uptrend that has been in play since early April. Indeed, the shares broke out from the flag in Thursday's trading session, setting the stage for another move higher. However, it's worth pointing out that, while the relative strength index confirms bullish price momentum, the indicator also cautions overbought condition with a reading above the 70 threshold. Let's identify key support and resistance levels on Boeing's chart. The first lower level to watch sits around $199. This area would likely provide solid support near a horizontal line that connects the low of the flag pattern with multiple peaks and troughs on the chart extending back to the fourth quarter of 2023. A close below this key level could see the shares descend to $187. Investors may look for entry points in this location near the double bottom pattern's neckline, an area on the chart that may flip from prior resistance into future support. A continuation of the stock's recent bullish momentum could trigger a move toward $234, where the shares may encounter overhead selling pressure near a range of corresponding price action that followed a stock gap in January last year. Finally, buying above this level could see Boeing shares take off to the $265 region. Investors who bought at lower prices may decide to lock in profits in this area near a series of trading activity situated around the December 2023 swing high. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia 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
