Turkish Airlines Finalizes Order For Up To 150 Boeing 737 MAX Jets In Major Deal

The U.S. Army awarded Boeing a $636.1 million contract for Apache helicopter support, increasing the total contract value to over $1.1 billion through 2029. The funding covers repairs, parts supply, and logistics management. Boeing will oversee 80 suppliers and 480 parts, aiming to improve readiness and reduce costs. Work will be done in Mesa, Arizona, and is expected to conclude in 2029.

Alaska Airlines expects Boeing 737 MAX 10 certification by month's end, with CEO Kelly Ortberg confirming final FAA documentation is underway. The MAX 10, Boeing's largest 737 MAX, accounts for 31% of undelivered orders. Alaska plans 52 deliveries in 2027-2028, totaling 168 airframes. Certification is crucial for Boeing's financial recovery, with MAX 10 achieving 98% of flight testing.

Boeing (BA) found a software glitch in the 737 MAX that can disable automated navigation during landing. The issue emerged post-update and may require manual flying at low altitude. Boeing notified operators in August, stating no safety risk. Southwest (LUV) and United (UAL) requested deliveries with older software. The FAA is reviewing. A fix is in development, with initial plans for early 2028 delivery. The glitch may impact 737 MAX 10 certification and MAX 7 introduction.

Boeing (BA) and Turkish Airlines agreed to a deal for up to 150 737 MAX jets, including 100 firm orders. This order enhances Boeing's backlog and production visibility. Boeing projects $125.6B revenue and $7.9B earnings by 2029, with risks tied to production stability and debt. Analysts' forecasts vary, with some predicting higher revenue and earnings. The deal is seen as a positive for Boeing's long-term investment narrative.

Boeing's 737 MAX 7 received FAA certification on August 3 after extensive testing. Southwest Airlines, the launch customer, expects deliveries by late 2026 and passenger service to begin in early 2027. Boeing has already built 27 MAX 7s for Southwest, which are being prepared for delivery. The certification was delayed by issues with the engine anti-ice system, which also affected the MAX 10. The MAX 7 is designed to carry 135-160 passengers with a range of up to 3,800 nautical miles.

Boeing (BA) and the Society of Professional Engineering Employees in Aerospace reached a tentative four-year agreement for 17,000 engineers, offering a 10% wage increase, followed by 4% and 6% annual raises. The deal aims to avoid a strike before the current contract expires on October 6. The union recommends approval, but members must still vote. The agreement may increase labor costs but could stabilize operations critical to Boeing's aircraft programs.