Can Boeing Stock Fly Passed a Lost Deal?
T = Trends for a Stock’s Movement
Boeing is an aerospace company. It focuses primarily on engineering, information technology, research and development, test and evaluation, technology strategy development, environmental remediation management, and intellectual property management. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital Corp.
Boeing has lost an important deal with Japan Airlines, which has decided to order 31 Airbus A350 jets in the airline’s first ever purchase from Boeing’s European rival, Bloomberg Businessweek reports. The agreement includes the option for 25 more planes. Boeing has been dominate in Japan for years, but Japan Airlines has suffered more than other airlines from technical issues in Boeing’s 787 Dreamliner. The order brings Airbus’ share of the Japanese market up to 20 percent, and could lead to more deals for Airbus in the country.