- Boeing Co (NYSE:BA) delivered 26 planes in April, compared to 35 in April 2022 and far less than the 64 delivered in March 2023.
- The plane maker suffered production problems with the 737 MAX, related to o two of the eight fittings that hold the vertical tail on the fuselage.
- Its competitor Airbus SE (OTC:EADSY) delivered 54 airplanes in April, with gross orders of 5.
- Boeing received 34 orders in April, compared to 46 in 2022.
- Boeing’s year-to-date deliveries stood at 156, and Gross orders at 154. Net orders YTD were 145, and cancellations were 69.
- Also Read: Ryanair Orders $40B Worth New Aircraft From Boeing, Expects 80% Growth In Traffic By March-2034
- Boeing has 5,343 unfulfilled orders as of April 30, 2023.
- Price Action: BA shares are trading lower by 0.74% at $200.38 premarket Wednesday.
Barclays Initiates Coverage On Array Technologies with Overweight Rating, Announces Price Target of $20
Barclays analyst Christine Cho initiates coverage on Array Technologies (NASDAQ:ARRY) with a Overweight rating and announces Price Target of $20.
