Boeing recorded 165 gross orders during the month of September.
neutral 50 · impact 30TD Cowen lowered its price target for Boeing from $250.00 to $240.00 per share.
bearish 35 · impact 40
Boeing received an undefinitized contract action worth about $14.7 billion from Lockheed Martin to scale production of PAC-3 MSE seekers, tripling output under a seven-year framework with the U.S. Department of War.
bullish 80 · impact 70
The FAA said a 737 MAX software glitch does not pose a flight safety concern. Jefferies analyst Sheila Kahyaoglu wrote Sunday that the decision means the MAX-10 can be certified by year-end. Boeing has more than 1,500 orders for the MAX-10. Despite the good news, Boeing stock fell 0.4% Monday to $192.72 and is down 2.5% since the glitch was discovered. BofA analyst Ron Epstein called it a volatile but very good week for Boeing, citing the FAA news, a Navy fighter jet contract, and a union deal. Investor confidence remains shaken.
neutral 50 · impact 40
The union representing Boeing engineers voted to approve a new contract, avoiding a strike that could have delayed certification of the 737 MAX 10 and 777X programs.
bullish 70 · impact 50
