FAA poised to approve Boeing 737 MAX 10 as soon as next week - Reuters (BA:NYSE)

The FAA is close to certifying Boeing's 737 MAX 10, with approval possible by October 23. The MAX 10 is the largest variant of the 737 MAX family, with 1,533 firm orders. Certification was delayed due to regulatory changes, production issues, and a recent software fault. Approval would allow Boeing to begin deliveries in 2027 and collect cash tied to those orders.

The FAA is expected to approve Boeing's 737 MAX 10 model on October 16, 2026, clearing a key regulatory hurdle. This could unlock revenue from 1,500 orders, about 30% of Boeing's backlog. Boeing's P/S ratio is 1.63, below its historical median, reflecting market skepticism. The company's GF Score is 69, indicating mixed financial health. Insiders have been net sellers, while guru investors show mixed activity.

Israel signed an agreement with the Pentagon to purchase 12 AH-64E Apache attack helicopters from Boeing, with deliveries expected in the early 2030s. The deal, tailored to Israel's defense needs, follows a U.S. State Department approval for up to 30 helicopters. The AH-64E, the latest version, features advanced capabilities like drone control and updated avionics. Israel already operates older Apache models, which it uses for ground strikes and drone interception.

A court dismissed a fraud lawsuit against Boeing (BA) and its former CEO, ruling that the plaintiff, Value Recapture Partners, lacked standing because it did not purchase or sell securities. The court found that the assignment of claims was not tactical but still insufficient to establish standing. The case involved allegations of false statements about Boeing 737 MAX crashes.

Boeing's senior vice president of global sales and marketing, Brad McMullen, is retiring in December. He will be replaced by Ryan Weir, who currently oversees the North American market. McMullen led the company's commercial recovery after a 2024 mid-air door-plug incident and improved relations with airlines.

The FAA is expected to approve Boeing's 737 MAX 10 as early as next week, following a completed safety review. The model represents about 30% of Boeing's 737 backlog, with nearly 1,500 orders placed. A recent software issue was deemed not to pose a safety concern by the FAA.