Boeing CFO Says Expect 787 Ramp To Go Upto 5 Per Month As We Exit The Year; Demand Signals From China Have Been Strong And Are On Their Way Back To Pre-Covid Levels
Portfolio Pulse from Happy Mohamed
Boeing's CFO announced that the company expects the 787 production rate to increase to 5 per month by the end of the year, with strong demand signals from China returning to pre-Covid levels.
May 25, 2023 | 1:34 pm
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POSITIVE IMPACT
Boeing's 787 production rate is expected to increase to 5 per month by year-end, driven by strong demand from China.
The increase in 787 production rate indicates a positive outlook for Boeing's revenues and profitability. Strong demand from China, a major market, further supports this positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Boeing's strong demand signals from China indicate a recovery in the Chinese economy, which may positively impact the iShares China Large-Cap ETF (FXI).
As Boeing's strong demand signals from China suggest a recovery in the Chinese economy, this may positively impact the performance of the iShares China Large-Cap ETF (FXI), which tracks the performance of large-cap Chinese stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60