Baxia Markets
September 30, 2021

Good news for Boeing Co.

fundamental analysis top header -01

Boeing Co said the U.S. Department of Defense had awarded it a follow-on contract valued at up to $23.8 billion to provide services to a fleet of C-17 Globemaster III transport aircraft over ten years.

Under the agreement, the planemaker said that Boeing would continue to provide services including engineering, field support, and material management for a fleet of 275 aircraft managed by the United States Air Force and eight global partners.

Boeing will also lower operating costs per flight hour for the fleet under the new agreement, it said.


Boeing Sept 29th 2021

The new agreement is currently funded through September 2024, the company said, with a Phase I award of $3.5 billion.

737 MAX test flight for China's aviation regulator last month was successful, and the planemaker hopes a two-year grounding will be lifted this year, the head of Boeing's China business said on Wednesday.

The ban, which has been lifted in the West and several Asian countries, could be eased in China around November.

Boeing Co provided the biggest lift to the Dow after a 3.2% rise following China's aviation regulator's successful 737 MAX test.


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Subscribe by Email