Boeing announced a massive $19 billion stock offering as it battles ongoing production delays and a costly strike. The move comes as the company faces financial pressure and attempts to stabilize its operations.
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Boeing’s stock is experiencing a surge in premarket trading following Emirates SkyCargo’s announcement of an order for five additional 777 Freighters, adding to a previous order of five. This deal marks a significant boost for Boeing, showcasing the demand for its widebody aircraft and contributing to the company’s recent positive financial news.
Boeing stock experienced a decline on Tuesday, driven by a six-month delay in a key production milestone for the 737 MAX. The company also announced its plans for a significant step towards developing a global quantum internet with the launch of its Q4S satellite in 2026. Despite these developments, Boeing delivered 40 commercial jets in August, exceeding last year’s figures.