27.04.2020 Boeing Daily Analysis

27.04.2020 Boeing Daily Analysis

Boeing today is trading at $131.60, it’s trading higher with $2.62 from $128.98 Boeing announced that the company is expected to outline new targets for wide-body plane production, including a new, lower monthly build rate for the 787 Dreamliner.  The company is to hold its annual meeting next week reporting 1st quarter results and face the deadline for a multi-billion dollar aid package from the federal government. According to Dave Calhoun, the company is planning to show investors that it will build two financial bridges to the future: A near-term one focused on cutting near-term losses brought on by the coronavirus and a longer-term bridge to deal with fewer orders for commercial airplanes and smaller airline industry. However, the question still remains how much it will cost Boeing to build those bridges and where will the money come from. The Treasury Department has set May 1 at the deadline for companies to apply for some of the billions set aside for businesses critical to maintaining national security but still, the question is what terms the Treasury secretary will set for lending that money and whether Boeing will be willing to accept them or decide to seek billions in the private sector.