Boeing Stock Pops as Its "Best Sales Person" Lands Another Order

Dow Jones09-26

President Donald Trump is becoming one of Boeing's best sales advocates.

Shares of the commercial jet maker are up 4% at $221.84 early Friday after Turkish Airlines agreed to purchase 75 Boeing 787 twin-aisle jets and up to 150 smaller 737 MAX single-aisle jets. The order and intent to purchase came after Turkish President Tayyip Erdogan met with Trump at the White House on Thursday.

Separately on Thursday, Boeing announced a new order for 30 737 MAX jets from Norwegian Group.

Boeing is a large U.S. exporter, and the president has helped win new orders from the U.K., Korea, and Japan as part of his trade negotiations.

Coming into Friday trading, Boeing stock is up 21% year to date. However, shares are down about 9% in September, which is historically a weak month for shares.

Investors might be concerned with delays for Boeing's huge 777X jet. The plane hasn't been certified by aviation regulators, and initial deliveries could slip from late 2026 into 2027. Delays could result in financial charges, with airlines looking for compensation.

Through August, Boeing had amassed firm orders for 725 jets, up from 250 over the same span in 2024. Boeing has unfilled orders for more than 6,500 jets.

Now, Boeing needs to build the jets. Boeing delivered fewer than 350 planes in 2024 as quality problems constrained 737 MAX production. Wall Street projects about 580 deliveries for 2025 and 675 deliveries for 2026.

Boeing delivered more than 800 planes in 2018. Analysts see Boeing surpassing that number in 2028.

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Comments

  • Pablo_Chua
    09-27
    Pablo_Chua
    Quality issue put aside to satisfy politics another mishap waiting to happen 
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