|
|
|
|
|||||
|
|
|
New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
The Boeing Company (NYSE:BA) is one of the best defense stocks in Goldman Sachs’ portfolio. On Saturday, October 18, Bloomberg reported that Boeing has received approval from the Federal Aviation Administration (FAA) to increase production of its 737 aircraft to 42 jets per month.
The report quoted people familiar with the matter as a source, and the company’s management has not confirmed such development so far. The Bloomberg report notes that the production increase is expected to improve cash flow, reduce debt, and help the company compete more effectively with Airbus. So, if this development materializes, it should be a substantial positive for the company.
It must be remembered that the FAA had previously capped production at 38 jets per month after a door plug incident on a 737 Max 9 plane in January 2024 raised safety concerns. Since then, the company’s production facilities have been subject to scrutiny and reviews, and the company has implemented safety and quality improvement plans.
Earlier on October 14, Bloomberg had reported that The Boeing Company (NYSE:BA) had delivered 55 jets in September, including 41 of its 737 aircraft. Moreover, the company had also hinted to its suppliers of a potential production increase of the 737s as early as this month.
The Boeing Company (NYSE:BA) is one of the world’s largest aerospace and defense manufacturers. The company produces commercial airplanes, military aircraft, satellites, and space systems.
While we acknowledge the potential of BA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Goldman Sachs Value Stocks: 10 Stocks to Buy and 13 Best Tech Stocks Under $10 to Invest In.
Disclosure: None. This article is originally published at Insider Monkey.
| 46 min | |
| 1 hour | |
| 1 hour | |
| 2 hours | |
| 3 hours | |
| 3 hours | |
| 4 hours | |
| 5 hours | |
| Oct-20 | |
| Oct-20 | |
| Oct-20 | |
| Oct-20 | |
| Oct-20 | |
| Oct-20 | |
| Oct-20 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite