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The Boeing Company (NYSE:BA) is included among the 10 Best Blue Chip Stocks to Invest in According to Billionaires.
On April 29, Tigress Financial raised the firm’s price recommendation on The Boeing Company (NYSE:BA) to $295 from $290. It reiterated a Buy rating on the shares. Driven by rising air-travel demand, a record backlog, and expanding space, defense, and cybersecurity franchises, Boeing “increasingly offers a compelling upside opportunity,” the analyst tells investors.
On April 30, Reuters reported that Bangladesh signed a deal to buy 14 aircraft from Boeing, officials said. The move marks a shift away from Europe’s Airbus amid trade pressure from Washington. Officials did not disclose the value of the deal, though at list prices it would be worth about $3.7 billion.
Boeing will supply a mix of narrow-body and wide-body aircraft, including 10 787 Dreamliners and four 737 MAX jets, to Biman Bangladesh Airlines, as the national carrier looks to modernise its fleet and expand capacity to meet rising demand. The aircraft will be delivered in phases, a Biman official and an official from the aviation ministry said, without providing further details.
The agreement ends a prolonged contest between Boeing and Airbus for Biman’s next major order, with both manufacturers competing for a larger presence in South Asia’s growing aviation market.
The Boeing Company (NYSE:BA) is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces, and markets commercial jet aircraft mainly for the global airline industry.
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