Confident About China Deals
During Boeing’s earnings call with investors, Ortberg was asked about the developments of Boeing’s orders from Chinese airlines. “I think that’s dependent on the U.S.-China negotiations and relations,” Ortberg said, adding that he was “confident” the negotiations would result in agreements that would be at the country level. “I’m confident that that will include some aircraft orders,” Ortberg said in the conference.
Boeing Earnings
Sean Duffy Touts Revamped Air Traffic Control
He had earlier asked for an additional $19 billion in funding from Congress, but now shared a revised figure of $10 billion to implement software upgrades to the system.
According to Benzinga Edge Rankings, Boeing offers satisfactory Momentum, but poor Value. It provides a favorable price trend in the Long term.
Price Action: BA surged 0.18% to $231.69 during overnight trading.
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