The Boeing Company (NYSE:BA): Current Price $86.43
Officials in the Obama Administration will explore possible cuts in Lockheed Martin Corporation’s F-35 airplane along with other new warplanes and try to spend more money on cyberweapons and drones, according to The New York Times.
Ryanair’s (NASDAQ:RYAAY) $15 billion order for around 170 passenger jets from Boeing will soon be announced, said sources to Reuters.
Deutsche Lufthansa will give its short-haul fleet a remake with 100 mostly fuel-efficient jets from Airbus SAS, as the carrier endeavors to decrease its kerosene costs, which represents its single largest expense, according to Bloomberg. The airline will also order six Boeing 777-300ER for the long-haul fleet of its Swiss division and two additional A380 for its namesake brand, totaling a list price for the planes to $11.7 billion.
Certain industry officials say that Boeing will probably ask its board as soon as next week to approve changes to its 777 passenger jet, according to The New York Times, which specified that the likely alterations will include the addition of lightweight carbon-composite wings and new engines, along with a possible 20 percent reduction in fuel usage.
Boeing has put up a strong defense of its grounded 787 Dreamliner, outlining details of proposed battery fixes and forecast that the jets might rejoin commercial service in a matter of weeks, according to the Wall Street Journal.