Philippine Airlines to Place First Boeing Order Since 2007
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 hours ago
0mins
Source: seekingalpha
- First Boeing Order: Philippine Airlines plans to place its first order with Boeing since 2007, aiming for approximately 10 Boeing 787 aircraft, which signifies a resurgence of American-made planes in the country and strengthens Boeing's position in a competitive aviation market.
- Diversified Procurement Strategy: The airline may split this multibillion-dollar widebody jet deal between Boeing and Airbus, with plans to order 10 Airbus A350s simultaneously, demonstrating its flexibility and adaptability in procurement strategies.
- Market Competition Impact: This deal represents Philippine Airlines' first direct purchase from Boeing in nearly two decades, ensuring that American-made aircraft maintain a foothold in a market dominated by Airbus, potentially influencing future dynamics in the aviation sector.
- NATO Procurement Dynamics: Concurrently, NATO announced a plan to purchase up to 10 Saab GlobalEye surveillance planes for approximately $4.5 billion to replace aging AWACS early warning aircraft, intensifying competitive pressures on Boeing in the defense market.
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Analyst Views on BA
Wall Street analysts forecast BA stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 226.490
Low
150.00
Averages
269.14
High
298.00
Current: 226.490
Low
150.00
Averages
269.14
High
298.00
About BA
The Boeing Company 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 principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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