Korea orders more than two dozen SC built 787s and other Boeing planes

Boeing Co. (NYSE:BA) received a $112.4 million contract modification from the U.S. Department of War to upgrade and maintain the F-15 Saudi Advanced Aircrew Training Device Phase II program. The total contract value increased to $256.7 million. Work will be done in Saudi Arabia and is expected to be completed by Sept. 30, 2031. The contract is part of a foreign military sale to Saudi Arabia.

Boeing's CEO Kelly Ortberg stated that 777X certification testing will likely extend into 2027 due to unresolved engine mid-seal issues, delaying ETOPS authorization. GE Aerospace is working on a fix, with both companies planning 2027 deliveries. Labor negotiations also pose a risk to certification timelines. The 777X is seven years behind schedule, with airlines like Emirates and Lufthansa awaiting ETOPS for long-haul routes.

The FAA approved Boeing's request to produce 35 more 777F freighters beyond 2027, extending production due to delays in the 777-8F model. The 777-8F, based on the 777X, is now expected in 2030, with the 777-9 passenger model certification delayed until next year. Boeing faces challenges from customers wanting priority for passenger models over freighters.

The FAA has granted Boeing a waiver from emissions rules, allowing the company to sell 35 additional 777F freighters. This decision could impact Boeing's revenue and market position in the aerospace industry.

Boeing has received an order from Lufthansa for 20 additional 737 MAX aircraft. The deal highlights Boeing's continued demand for its 737 MAX model. Boeing's stock is currently trading at $198.26, down 1.83% on the day and 3.12% year-to-date.

Boeing (BA) shares fell 3.6% after CEO Kelly Ortberg said 737 MAX production stabilization is delayed, though 2026 free cash flow (FCF) targets of $1B-$3B remain. Higher Treasury yields reduce the present value of Boeing's long-term $10B FCF goal. Boeing's backlog is $715B, with Airbus also capacity-constrained.