Core Insights - Boeing delivered 60 airplanes in the last month, marking the highest delivery rate since December 2023, as the company aims to increase production of its 737 Max jets following previous manufacturing and safety issues [1] - The recent delivery total includes 42 units of the 737 Max, with major customers such as Southwest Airlines, Alaska Airlines, and United Airlines [2] - Boeing's CEO, Kelly Ortberg, has indicated progress in enhancing production rates and quality on the factory lines [2] Production and Performance - For the three months ending June 30, Boeing delivered 150 airplanes, representing the best second quarter performance since 2018, prior to the grounding of Max jets due to two crashes [3] - The last time Boeing reported an annual profit was in 2018, and the ongoing issues have allowed rival Airbus to gain a competitive advantage [3] - Boeing had been producing approximately 38 Max aircraft per month and requires Federal Aviation Administration approval to exceed this limit, which was imposed after a door plug incident [4] - The CEO expressed confidence in increasing production to 42 Max jets per month [4]

Core Insights - Boeing announced significant program deliveries for both commercial and defense operations in the second quarter of 2025, with detailed financial results to be released on July 29 [1]. Commercial Airplanes Programs - In the second quarter of 2025, Boeing delivered a total of 150 commercial airplanes, with the breakdown as follows: - 737: 104 deliveries - 767: 9 deliveries - 777: 13 deliveries - 787: 24 deliveries - Year-to-date, total commercial airplane deliveries reached 280 [1]. Defense, Space & Security Programs - Boeing delivered a total of 36 defense, space, and security programs in the second quarter of 2025, with the following details: - AH-64 Apache (New): 2 deliveries - AH-64 Apache (Remanufactured): 10 deliveries - CH-47 Chinook (Renewed): 5 deliveries - F-15 Models: 3 deliveries - F/A-18 Models: 4 deliveries - KC-46 Tanker: 5 deliveries - MH-139: 4 deliveries - P-8 Models: 1 delivery - Commercial and Civil Satellites: 2 deliveries - Year-to-date, total defense program deliveries reached 62 [1].

Group 1: Boeing's Contract and Market Position - Boeing recently secured a contract valued at $2.84 billion for the Evolved Strategic Satellite (ESS) program, which is expected to be completed by December 31, 2033 [2][9] - The contract involves the development and production of four ESS space vehicles, enhancing capacity, flexibility, reliability, and resilience compared to existing strategic communications satellites [2][4] - Boeing's extensive experience in supporting major U.S. space missions positions the company favorably in the growing space technology market, particularly with the increasing demand for satellite deployment [3][4] Group 2: Industry Growth and Opportunities - The global space launch vehicles market is projected to grow at a compound annual growth rate of 18.4% from 2025 to 2030, driven by technological advancements and rising investments in space infrastructure [3] - Other companies benefiting from this market expansion include Northrop Grumman, which has a long-term earnings growth rate of 3.3% and is involved in launch vehicles and propulsion systems [5][6] - Rocket Lab is also positioned well with its advanced Electron rocket and the development of the Neutron rocket, expecting a year-over-year sales growth of 32.8% in 2025 [7][8] Group 3: Boeing's Stock Performance - Boeing's stock has increased by 27.3% over the past six months, outperforming the industry average growth of 22% [11] - The company currently holds a Zacks Rank of 3 (Hold), indicating a stable outlook in the market [12]

The White House outlined plans to phase out the Space Launch System, built by Boeing, but lawmakers and lobbyists have helped keep it alive https://t.co/QJJTNTFXCg ...

Core Viewpoint - Norwegian Shuttle Airlines (NAS) announced on July 8 that it has reached an agreement to purchase three Boeing 737-800 aircraft currently leased to the company, with the transaction expected to be completed in the third quarter of 2025 [1] Company Summary - The agreement involves the purchase of three Boeing 737-800 aircraft [1] - The completion of the transaction is anticipated in the third quarter of 2025 [1] Industry Summary - The acquisition reflects ongoing trends in the aviation industry regarding fleet modernization and ownership strategies [1]

Core Insights - Boeing has delivered the 9th and 10th O3b mPOWER satellites to SES, enhancing its position in the global space-based connectivity industry with software-defined payloads that dynamically allocate power [1][10] - The company is preparing for the launch of these satellites and is producing three additional satellites for SES, indicating strong growth potential in space technology [2][10] Boeing's YTD Performance - Boeing's shares have increased by 22% year-to-date, outperforming the S&P 500's return of 6.3%, but slightly underperforming the Zacks aerospace-defense industry's growth of 22.2% and the broader Zacks Aerospace sector's growth of 23.1% [4] - Other aerospace companies like Embraer and Airbus have seen significant stock gains, with Embraer up 66.4% and Airbus up 30.2% [5] Growth Opportunities - Boeing is positioned to benefit from rising global air travel and an aging aircraft fleet, leading to strong demand for new jets and aftermarket services, with a backlog of $22.04 billion in its Global Services segment as of March 31, 2025 [6][10] - The company forecasts a $4.4 trillion market opportunity in commercial aviation services from 2024 to 2043, supporting long-term growth in its Global Services unit [7][10] - In defense, Boeing is well-positioned to take advantage of increasing U.S. military spending, with a proposed 13% increase in defense spending for FY2026 to $1.01 trillion [8] Earnings Estimates - The Zacks Consensus Estimate projects Boeing's long-term earnings growth rate at 18.1%, surpassing the industry average of 11.8% [11] - For the second quarter of 2025, sales are expected to improve by 17.4% year-over-year, with full-year 2025 sales anticipated to rise by 25.6% [12] - However, most near-term earnings estimates have seen downward revisions, indicating a potential loss of investor confidence [13] Financial Metrics - The current Zacks Consensus Estimate for second-quarter 2025 sales is $19.79 billion, with a year-over-year growth estimate of 17.35% [14] - The earnings per share (EPS) estimates for the current year show a significant year-over-year growth estimate of 91.17% [15] Valuation - Boeing's forward 12-month price-to-sales (P/S) ratio is 1.80X, slightly below the peer group's average of 1.83X, suggesting a lower price relative to expected sales growth [19] - The stock's forward P/S ratio appears stretched compared to its five-year median value of 1.41 [19]

Core Insights - NASA's Artemis II mission, the first crewed flight in its lunar return program, is set to launch in April 2026 and has reached critical milestones, boosting investor interest in Boeing, a key contractor in the Space Launch System (SLS) program [1][5]. Group 1: Artemis II Mission Progress - NASA announced the completion of the Program Specific Engineering Test for the Artemis II core stage on July 2, 2025, and conducted its first mission simulation in early June [2]. - The integration of the Artemis II SLS core stage with its solid rocket boosters was successfully completed in March [2]. - Boeing is the prime contractor for the SLS rocket, responsible for its core stage, upper stage, and avionics systems, and is currently building core stages for all future Artemis missions [3]. Group 2: Financial Implications for Boeing - The Artemis II mission represents a strategic revenue driver for Boeing, with its Defense, Space & Security segment accounting for nearly 36% of total revenues in 2024 [4]. - The ongoing Artemis program implies recurring revenue potential for Boeing, enhancing its positioning in the $500 billion global space economy [5]. - Boeing's sales are projected to grow by 25.6% in 2025 and 16.2% in 2026, indicating strong financial performance [8][16]. Group 3: Competitive Landscape - Other companies involved in the SLS program, such as Lockheed Martin and L3Harris Technologies, are also expected to benefit from the progress of the Artemis II mission [9]. - Lockheed Martin is the prime contractor for the Orion spacecraft, which will carry astronauts in the Artemis II mission, having achieved significant milestones in its development [10]. - L3Harris Technologies, through its Aerojet Rocketdyne business unit, provides the RS-25 engines for the SLS core stage, completing the installation of all four engines for the Artemis II mission [11]. Group 4: Market Performance and Valuation - Boeing shares have risen by 22% year to date, in line with the industry's growth of 22.2% [14]. - Boeing is currently trading at a forward 12-month sales multiple of 1.80X, which is approximately 18.9% lower than the industry average of 2.22X [15]. - The Zacks Consensus Estimate for Boeing's sales in 2025 and 2026 indicates year-over-year increases of 25.6% and 16.2%, respectively [16].

Core Viewpoint - The article discusses the resumption of exports of critical aircraft components, including engines, from the U.S. to China, following a pause in June. This development is part of broader U.S.-China trade negotiations and reflects a commitment to implement agreements reached during high-level talks between the two nations [1][4]. Group 1: U.S.-China Trade Relations - The U.S. has agreed to allow companies like GE Aviation to resume exports of aircraft engines and other key components to China [1]. - Following the U.S.-China economic talks, both sides are working to implement the agreements made during the discussions, including the lifting of certain export restrictions [1][4]. Group 2: Aircraft and Engine Supply - The C919 aircraft, which relies on the LEAP-1C engine produced by a joint venture between GE and Safran, requires U.S. export licenses for its components [4]. - Despite the temporary suspension of exports, the delivery of C919 aircraft was not significantly impacted due to existing engine inventories [4]. - The Longjiang-1000A engine, which is China's first domestically developed engine with full intellectual property rights, is set to be the sole power source for the C919, currently undergoing test flights [5]. Group 3: Boeing Aircraft Deliveries - Boeing has resumed deliveries of aircraft to Chinese airlines, including the Boeing 737 MAX, which had previously been halted due to trade tensions [2][8]. - The first of these resumed deliveries included a 737 MAX that had been waiting in Zhoushan for delivery to Xiamen Airlines [7]. - Boeing's deliveries to China are crucial, as the country represents its largest overseas market, with significant numbers of new aircraft delivered in previous years [8].

Group 1 - The export of American aircraft engines and components to China has resumed after a previous suspension, confirming the restoration of supply from companies like GE Aviation [2] - The C919 aircraft's delivery was not significantly impacted by the suspension of engine exports in June due to existing inventory held by COMAC [1][4] - The LEAP-1C engine, produced by a joint venture between GE Aviation and Safran, is the only overseas powerplant for the C919, highlighting the reliance on foreign technology in China's aviation sector [4] Group 2 - Boeing has resumed the delivery of aircraft to Chinese airlines, including the Boeing 737 MAX and 787, which had been temporarily halted due to trade tensions [3][6] - The exemption of tariffs on aircraft and certain engine components allows Chinese airlines to import planes at previous tax rates, which are 5% for narrow-body and 1% for wide-body aircraft [7] - In 2018, Boeing delivered a quarter of its new aircraft to China, indicating the significance of the Chinese market for Boeing's business [7] Group 3 - The Changjiang-1000A engine, China's first fully independent turbofan engine, is currently undergoing flight testing and awaits certification for commercial use [5] - The Chinese government has emphasized the need for self-sufficiency in aviation engine development, as highlighted in the "13th Five-Year" national strategic emerging industries development plan [4]

Boeing's new chief financial officer, Jesus “Jay” Malave, won’t be allowed to join in discussions initially that involve the company’s second-largest business https://t.co/rd3Zb2BBYI ...