Boeing CFO Says Will Meet 400-450 Delivery Target For 737 In 2023 But Will Be On Low End Of That Range; Delivered 22 737s In August, Will Deliver About 70 737s In Q3
Portfolio Pulse from Happy Mohamed
Boeing's CFO has stated that the company will meet its delivery target of 400-450 737s in 2023, but it will be on the lower end of that range. In August, the company delivered 22 737s and expects to deliver about 70 737s in Q3.
September 07, 2023 | 1:39 pm
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Boeing's delivery target for 2023 is on track but will be on the lower end of the 400-450 range. The company delivered 22 737s in August and expects to deliver about 70 in Q3.
Boeing's announcement that it will meet its delivery target for 2023 but on the lower end of the range indicates a potential slowdown in production or demand. However, the company's delivery numbers for August and Q3 projections show a steady output. This news is highly relevant to Boeing as it directly pertains to their production and revenue. The impact on the stock price is neutral in the short term as the news is mixed - the company is meeting its targets but on the lower end.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100