Shares of Boeing Co. BA, -1.20% shed 1.20 %to $151.82 Friday, on what confirmed to be a well-rounded dismal trading session for the stock exchange, with the S&P 500 Index SPX, -1.07% falling 1.07% to 3,924.26 and also Dow Jones Industrial Standard DJIA, -1.07% falling 1.07% to 31,318.44. This was the stock’s fourth consecutive day of losses. Boeing Co. boeing stock price today closed $82.12 short of its 52-week high ($ 233.94), which the firm achieved on November 15th.
The stock showed a blended performance when compared to some of its competitors Friday, as Honeywell International Inc. HON, -2.01% dropped 2.01% to $186.89, Lockheed Martin Corp. LMT, -0.96% fell 0.96% to $418.57, and also Northrop Grumman Corp. NOC, -0.70% dropped 0.70% to $476.95. Trading quantity (5.2 M) stayed 2.7 million below its 50-day average volume of 7.9 M.
Boeing states plannings to improve existing investments in India
Planemaker Boeing (BA.N) plans to build on its existing investments in India in locations such as defence supply chains and manufacturing, the firm claimed on Wednesday.
The world’s second-largest planemaker is supplying its F/A -18 fighter jet for sale to India’s armed forces and claimed the choice of the jet would help increase financial investments in the nation’s defence industry.
” Boeing expects $3.6 billion in financial effect to the Indian aerospace and also support industry over the following ten years, with the F/A -18 Super Hornet as India’s following carrier-based competitor,” the firm claimed in a statement.
India is just one of world’s largest arms importers, investing $12.4 billion in between 2018 and also 2021, the SIPRI Arms Transfers Database shows.
Prime Minister Narendra Modi’s federal government is wanting to domestic companies and also eastern European nations for armed forces equipment and ammunition and has recognized 25.15 billion rupees ($ 324 million) worth of support tools it desires domestic firms to manufacture in 2022, Reuters reported earlier this year
See inside Boeing’s first-ever 777X aircraft screening tech like the jet’s revolutionary folding wingtips
Virgin Australia is making a bullish bet on the Boeing 737 MAX by increasing its initial order to 8 jets before the first one has actually also taken wing.
The airline company today verified it would certainly add 4 even more MAX 8 airplane to the fleet from 2023– a step which swells Virgin’s total 737 family fleet to an all-time high of 92 jets, larger than the years when former chief executive officer John Borghetti initially placed Qantas in the competitive cross-hairs.
“Regardless of the difficulties encountered by our sector, demand for travel stays solid, and also we’re responding with a concentrate on the lasting by raising the efficiency as well as sustainability of our fleet with four additional Boeing MAX 8s joining our fleet from 2023,” kept in mind Virgin Australia Team CEO Jayne Hrdlicka.
The first 737 MAX in Virgin livery is scheduled to be flying from February 2023, after winging its means from Boeing’s setting up centre at Renton, south of Seattle, to Virgin’s Brisbane garages.
And the new jets will be crowned by a new company class seat– although this is tipped to be the exact same style that’s being trialled on two of the airline’s Boeing 737-800s currently darting around Virgin’s domestic network.
Hrdlicka contains praise for the comfy and also fully furnished seats, which add a leg-rest and also storage space pocket doing not have in the present company class, along with AC/USB power outlets and a handy owner for tablet and also mobile phones.