Boeing Surges on Positive Outlook, New Contracts

Boeings stock surged over three percent following JP Morgans upgrade, citing a favorable environment for commercial airplane manufacturers. The companys Chief Financial Officer expressed optimism, anticipating improved profit margins and positive free cash flow by 2026. Boeing secured a $4.7 billion contract for Apache helicopters, indicating strength in their defense sector. Despite the recent gains, Boeings stock is still trading below its 52-week high, leaving room for further growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.