SPR - Boeing 777X Reaches Milestone With Possible Wins

2024-07-18 14:14:40 ET

Summary

• Boeing receives FAA approval for Boeing 777X flight testing, a significant milestone in the certification process.
• Approval could lead to more orders for the Boeing 777X, helping Boeing recover from financial losses on the program.
• The Boeing 777X program has faced delays and financial challenges, but progress with FAA approval is a positive step for Boeing.

Boeing (BA) is working its way through a deep crisis that spans from leadership to production to certification to financials. All these elements, in some way or form, are interconnected, so seeing progress in one of the elements might positively affect other parts of the business. Some positive changes we have seen so far are the agreement to acquire Spirit AeroSystems ( SPR ) which should result in cleaner fuselages entering the assembly lines. Another element that hopefully will be good for Boeing is the leadership change, as CEO David Calhoun is set to step down later this year. These are small and slow steps that Boeing is going through, but the implications are big for the company....

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