Boeing Close To Securing Major 737 Max Order From Israel's El Al: Report
Portfolio Pulse from Shivani Kumaresan
Boeing is close to securing a major order from El Al Israel Airlines for 30 737 Max jets, worth between $2 billion and $2.5 billion. This deal follows a turbulent start to the year for Boeing due to a significant mishap involving the 737 Max. The agreement marks a significant rebound for Boeing, which has faced scrutiny and criticism. Boeing's stock has lost more than 14% in the last 12 months.
June 11, 2024 | 10:26 am
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NEUTRAL IMPACT
American Airlines previously placed an order for 85 Boeing 737 Max jets, showcasing a recovering trust in the aircraft model.
While the news highlights a previous order by American Airlines, it does not directly impact AAL's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Boeing is close to securing a $2-2.5 billion deal with El Al for 30 737 Max jets, marking a significant rebound after a turbulent year.
The deal with El Al is a major positive development for Boeing, indicating recovering trust in the 737 Max and potentially boosting investor confidence. This could lead to a short-term increase in Boeing's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Boeing through the iShares U.S. Aerospace & Defense ETF, which may benefit from Boeing's potential deal with El Al.
The potential deal with El Al could positively impact the iShares U.S. Aerospace & Defense ETF, which includes Boeing in its holdings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Investors can gain exposure to Boeing through the Invesco Aerospace & Defense ETF, which may benefit from Boeing's potential deal with El Al.
The potential deal with El Al could positively impact the Invesco Aerospace & Defense ETF, which includes Boeing in its holdings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 30