777x Price
The 777-8X’s list price is $410.2 million and the 777-9X’s list price is $442.2 million, according to Boeing. Boeing modeled the 777X’s wing to a similar style of their highly-successful Boeing 787 Dreamliner to help further improve the efficiency of the aircraft. The BBJ 777X is available as the longer range BBJ 777-8 capable of flying 11,645 nautical miles (13,400 mi, 21,570 km) with an interior space of 3,256 sq ft (302.5 sq m), while the BBJ 777-9 has a. Following the quarterly results, Cowen & Co. Analyst Cai Rumohr reiterated a Hold rating on the stock with a price target of $225. “777X pushout charge & expected continuing high abnormal. The BBJ 777X is the private-jet version of the next-generation Boeing 777X airliner. The Boeing 777-8 has a list price of $394.9 million, while the larger 777-9 costs $425.8 million; the cost does.
Boeing incurred a pre-tax expense of $6.5 billion for its 777X widebody commercial airplane in 4Q as it pushed back the delivery of the aircraft to late 2023. Shares dropped by 4% and closed at $194.03 on Jan. 27.
During the fourth quarter, the aerospace giant’s revenue fell by 15% year-on-year to $15.3 billion versus analysts’ estimates of $15.1 billion. The company posted a loss of $14.65 per share and a core (non-GAAP) loss of $15.25 per share.
Boeing (BA) CEO Dave Calhoun commented, “2020 was a year of profound societal and global disruption which significantly constrained our industry. The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results.”
Bbj 777x Cost
“While the impact of COVID-19 presents continued challenges for commercial aerospace into 2021, we remain confident in our future, squarely-focused on safety, quality and transparency as we rebuild trust and transform our business,” Calhoun added.
The grounding of Boeing’s 737 Max aircraft resulted in the company’s backlog worth $363 billion for FY20. (See BA stock analysis on TipRanks)
Meanwhile, the European Union on Jan. 27 granted the planemaker the regulatory approval to bring the 737 Max airplanes back to the skies. US regulators have already lifted the ban on the 737 Max. As of Jan. 25, Boeing delivered over 40 of its 737 Max aircraft, the company said.
The 737 Max had been grounded for a 20-month period, following two fatal crashes.
Following the quarterly results, Cowen & Co. analyst Cai Rumohr reiterated a Hold rating on the stock with a price target of $225.
“777X pushout charge & expected continuing high abnormal production charges are key negatives in the Q4 release; continuing plan to hike 737 to 31/month in early 2022 is somewhat encouraging. Investors also will focus on 787 manufacturing issues, preventing deliveries,” Rumohr wrote in a note to investors.
Boeing New Jet
The rest of the Street is in line with Rumohr’s outlook with a Hold consensus rating. That’s based on 8 analysts recommending a Buy, 9 analysts suggesting a Hold and 4 analysts suggesting a Sell. The average analyst price target of $229.56 implies 18.3% upside potential to current levels.
Bbj 777x Price
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