Boeing stock can be chosen for short-term or long-term investment. An additional advantage of this company's securities for investors is the payment of dividends to shareholders. Before you start trading, it is worthwhile to study the Boeing stock price dynamics and the aircraft manufacturer's financial report.
Boeing is an American aircraft manufacturing company founded in 1916. Its history began with the B&W seaplane, designed by its founder, William Boeing. The headquarters of the aircraft manufacturer is based in Chicago. The company has offices all over the world.
The aircraft maker made its debut on the New York Stock Exchange on Jan. 2, 1962. Boeing shares at the time of IPO were worth $0.82. The company now pays dividends to shareholders. Private investors can use BA stock to earn short positions or make long-term investments.
Boeing is one of the world's well-known manufacturers of aerospace and military vehicles. The company is considered a record-breaker in aerospace inventions. Technique Boeing for more than a hundred years has evolved from simple biplanes to modern supersonic aircraft and spacecraft.
The company produces aircraft for passenger air travel with a capacity of 100-500 passengers. In addition to the development of commercial aircraft Boeing designs and manufactures satellites, missiles, weapons, and communication systems.
In March 2022, Boeing representatives announced the airline's plans to launch the production of small satellites by the end of this year. The aircraft maker has already unveiled a complex where it plans to manufacture and test such vehicles. The complex for manufacturing small satellites is located on the territory of the company's plant in El Segundo town in the USA. The area of this facility exceeds 90 thousand square meters.
Boeing is on the list of companies that supported the sanctions against Russia against the background of the events in Ukraine. Thus, the aircraft maker suspended the purchase of titanium in Russia. Russia was supplying the aircraft concern with one-third of the required amount of metal for the production of equipment. Boeing also said that it would not supply aircraft to Russian airlines for the time being. The support of sanctions against Russia has cost the aircraft manufacturer about $212 million before taxes.
In the first quarter of 2022, Boeing's financial results did not meet the expectations of investors and analysts. As a result, on April 27, Boeing's shares fell more than 12% in trading on the NYSE. This happened after the publication of the quarterly report. On that day, Boeing's stock price fell to $146, hitting its lowest value since October 2020.
Boeing is in the final stages of safely bringing the 737 MAX back into service globally. The company is actively completing refinements and plans to increase deliveries of the model in the second quarter of 2022. The aircraft maker has submitted a plan to certify the 737 to the FAA.
The company anticipates the delivery of the first 777-9 in 2025. The date by which the model is expected to be delivered has been updated due to requirements for certification.
In April, Boeing reported financial results for the first quarter of 2022. Net loss for the three months reached $1.24 billion, double the figure for the same period in 2021. Boeing's loss per share was $2.06. In the first quarter of last year, the figure was $0.92. Quarterly revenue was down 8% at $13.99 billion.
Deliveries in the first 3 months of 2022 rose to 95 commercial aircraft, up from 77 in the same reporting period of 2021. The company said it will produce 31 737 MAX model aircraft per month in the second quarter.
At the beginning of March 2020, Boeing stock was trading at $148. Above $200 the stock price rose in November 2020.
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Boeing stock was trading at $234 in May 2021. By early May 2022, the price of the aircraft maker's securities had dipped to $156.
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Airbus, Southwest Airlines Co., Mitsubishi Aircraft (Mitsubishi Corp.), and American Airlines Group Inc., are also in the aircraft industry.
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