Boeing CEO: Trade deal sales announcements not yet contracts, but show strong intent to buy

Boeing CEO: Trade deal sales announcements not yet contracts, but show strong intent to buy

Boeing Co. (BA) is in advanced negotiations with India for a potential $4 billion deal to sell P-8I surveillance aircraft, according to recent reports . This deal, initially approved in 2019 but delayed, could significantly bolster Boeing's presence in the Indian market. Analysts predict a 14.31% potential upside for Boeing stock, with a one-year price target averaging $260.07 . The current analyst consensus rates Boeing as "Outperform," reflecting a strong bullish sentiment.

Separately, Boeing has reached a tentative agreement with striking hourly workers at its St. Louis-area defense factories, ending a dispute that lasted over a month. The new five-year contract offers an average 45% wage increase and restores a signing bonus . The union, IAM District 837, will vote on the contract this Friday.

While these announcements signal strong intent to buy, Boeing CEO has stated that these deals are not yet contracts. This indicates that the company is actively pursuing strategic partnerships and labor agreements, demonstrating its commitment to growth and stability.

These developments underscore Boeing's efforts to strengthen its market position and resolve labor disputes, which could positively impact its financial performance. Investors should closely monitor these negotiations and their potential outcomes.

: https://www.gurufocus.com/news/3103974/boeing-ba-eyes-4-billion-aircraft-sale-to-india
: https://news.bloomberglaw.com/esg/boeing-reaches-tentative-deal-with-striking-defense-workers-3