The Boeing Company (NYSE:BA) stock is trading higher Thursday in premarket trading as investors weigh production and certification updates against a stronger broader market. Boeing Flags 737 Wing Bottleneck, 777X Engine DelayBoeing said Wednesday that wing production remains the main bottleneck in its 737 production ramp.
At Morgan Stanley’s 14th Annual Laguna Conference, CEO Kelly Ortberg said Boeing has reached a 737 production rate of 47 aircraft per month. Wing production in Renton remains the primary constraint.
However, the 777X faces another hurdle. Some testing could spill into next year.
Engine deliveries are also slowing Boeing’s effort to raise 787 production from eight to 10 aircraft per month. The company now expects the required engine delivery performance closer to year-end.
He clarified that Boeing did not receive a roughly 200-plane order earlier this year. Instead, Chinese officials indicated plans to move forward with purchases.
Meanwhile, a potential SPEEA strike could effectively halt the 777X certification program until engineers return. Boeing is working to avoid a stoppage before the current contract expires Oct.
Free Cash Flow Upside NarrowsCFO Jay Malave reaffirmed Boeing’s 2026 free cash flow forecast of $1 billion to $3 billion. 30.
Momentum also remains soft. The MACD is below its signal line, while the histogram is negative.
50 level remains key resistance. 85.
Meanwhile, $204 is key support. Argus Research upgraded Boeing to Buy with a $265 price forecast on Aug.
11. Tigress Financial maintained a Buy rating and raised its forecast to $305 on Aug.
6. BNP Paribas upgraded the stock to Outperform and raised its forecast to $300 on Aug.
9, consistent with the stock trading below major moving averages. S.
