Boeing airplanes (father) – Get a free report Stocks edged higher on Friday after a report suggested United Airlines (UAL) – Get a free report is close to reaching agreements for dozens of aircraft manufacturer’s troubled 787 Dreamliner planes.
The Wall Street Journal reports that United could confirm the purchase as early as this month, noting that the multibillion-dollar deal would mark a big win for Boeing over European rival Airbus as soon as it resumes. top aircraft delivery after a series of regulations. and production problems.
The Federal Aviation Administration allowed Boeing to resume in August to resume 787 deliveries after halting them in May 2021 due to safety-related concerns.
Boeing ordered 10 787-9 Dreamliner variants in October, the plane maker said last month, with total orders for all of its planes at 122. Deliveries in October was reduced to 35 units from the 51 reported in September.
Shares of Boeing jumped 3.3% higher shortly after news of the potential deal and changed hands at $181.65 per share, a move that would extend the stock’s six-month gain to about 29.3%.
Boeing posted an adjusted loss of $6.18 per share for the three months ended October, a larger-than-expected figure that included a $2.8 billion charge related to Pentagon defense contracts.
However, free cash flow beat Street’s forecast at $2.9 billion, with the group keeping its full-year forecast for positive free cash flow on the back of stronger commercial deliveries. .
