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Key Takeaways
- Boeing's deliveries for the first quarter came in higher than analysts had expected.
- The plane manufacturer is increasing production following a slowdown due to safety inspections and a strike in the past year.
- Boeing stock recently hit its lowest point in more than two years amid last week's tariff-fueled sell-off.
Boeing (BA), which has been a leader in the plane manufacturing industry for many years, exceeded expectations on Tuesday after safety incidents slowed production last year.
Boeing delivered 130 commercial planes in the quarter, and 26 defense and aerospace craft in the initial three months of this year. That's more in each category than it produced in the first quarter of last year, when production was halted and investigations were launched after a door panel detached from a Boeing 737 Max plane in mid-flight.
Visible Alpha estimated that analysts expected 125 commercial aircraft and 20 defense or space craft. Boeing delivered 57 commercial aircraft and 36 defense and aerospace craft in the last quarter as production was halted due to a nearly 2-month strike.
Jefferies analysts stated Tuesday that they expect Boeing to deliver 526 commercial aircraft this year, an increase of 51% over 2024 and only two planes short of what it delivered in the year 2023.
Boeing Stock Rises Tuesday But Firm Faces Tariff Risks
Boeing stock gained nearly 3% on Tuesday, and was the second largest gainer in Dow Jones Industrial Average. The Trump administration’s new duties, which could affect Boeing, prompted the shares to close at their lowest level for more than two years on Friday. The company faces a looming trial or revised guilty plea for defrauding the government over violations of certain safety standards.
The aircraft manufacturer will announce its first-quarter results April 23.
