Goldman Sachs Adjusts Boeing Price Target to $253 From $277

Boeing engineers ratified a new four-year pay deal, averting a strike. The deal includes an immediate 10% pay raise, with additional increases and benefits. The strike threat had risked 737 MAX production and 777X certification. According to SPEEA, the contract was approved by 67.62% of Professional members and 53.48% of Technical members.

Bernstein lowered its price target on Boeing from $298 to $278. Boeing's stock is currently at $190.37, up 1.40% over 5 days but down 12.32% year-to-date. The adjustment is based on valuation, EPS revisions, and visibility metrics.

Avolon ordered 250 aircraft from Airbus and Boeing, including 110 Airbus planes (35 A330-900, 75 A320neo) and 140 Boeing 737 MAX. The deal, pending shareholder approval, brings Avolon's total firm orders to 749, supporting airline growth and fleet renewal.

Avalon, an aircraft leasing firm, placed orders for 250 jets (140 Boeing 737 MAX, 75 Airbus A320neo, 35 A330neo) valued at $46.4B, with options for 100 more. The orders reflect high demand and delivery constraints for Boeing and Airbus, who have large backlogs. Airbus confirmed the order, while Boeing has not.

Avolon ordered 250 aircraft, including 140 Boeing 737 MAX jets. The deal, pending approval, highlights demand for fuel-efficient planes. Boeing's P/S ratio is 1.59, below its historical median, reflecting market caution. Insider activity shows net selling, while guru ownership is mixed.

Boeing won a $14.7 billion contract with Lockheed Martin to increase production of Patriot PAC-3 MSE interceptor seekers over seven years. The deal aims to address depleted stockpiles and boost global operational readiness. Boeing will triple manufacturing capacity, with work starting immediately under an Undefinitized Contract Action. The company is also developing a lower-cost seeker for future production.