Boeing and its jet-engine supplier General Electric head to the Paris Air Show next week fueled with rising orders and deliveries. BA stock rose near a buy point Friday. GE stock and Boeing's European rival Airbus hit 52-week highs.
Boeing's Newest Commercial Jets
The Dow Jones giant confirmed Monday that it will showcase the Boeing 737 Max 10 and the Boeing 777-9, its newest commercial jets, during the weeklong air show. The event runs June 18-25.
General Electric supplies engines for the 777-9 jet. It also makes engines for the 737-10 via a joint venture. GE also provides Airbus with jet engines.
Airbus and GE will also show off their latest products at the 2023 Paris Air Show. GE CEO Larry Culp will helm an investor event June 20, the company announced Friday.
On Tuesday, Boeing reported 50 deliveries last month, nearly doubling from 26 in April. It reported 69 orders, more than doubling from 34 in April.
However, its 206 deliveries so far this year trail 244 for Airbus, amid production woes.
Boeing's Bestseller
The 737 Max, a narrowbody, is Boeing's bestselling jet. The 777-9, a widebody, borrows advanced technologies from the 787 Dreamliner, Boeing says.
Recently, Boeing paused or slowed 737 and 787 deliveries due to manufacturing issues.
On June 18, the company will also release its 2023 commercial market outlook.
BA Stock, Airbus And GE
Shares of Boeing rose 0.2% to 219.95 on the stock market today. BA stock topped a 221.33 buy point from a flat base on Monday but closed below it on Friday. Boeing stock cleared an early entry on June 8.
The Dow stock last broke out in November 2022 on a forecast for rising jet deliveries.
Airbus shares gained 0.6% to 35.65. EADSY stock cleared a 34.85 buy point from a shallow double-bottom base Tuesday.
GE stock advanced 0.8% to 106.30.
Ahead of the Paris Air Show, EADSY and GE shares pegged 52-week highs Friday. Boeing had touched a 52-week high of 223.91 Monday.
Early next year, GE plans to emerge as an aviation-focused company, bringing the conglomerate's breakup to a close.
Paris Air Show
The biennial Paris Air Show, one of the world's oldest and largest, returns after a four-year hiatus. It was canceled in 2021 due to the Covid-19 pandemic.
Boeing and other airplane manufacturers plan to meet with customers. They are likely to announce new orders during the event.
The company seeks to ramp up Max output following fatal plane crashes in 2018-19. It faces manufacturing and certification challenges, including an issue with fuselages built by Spirit AeroSystems.
