Boeing Co. stock drops Friday and claims plans to improve existing financial investments in India
Boeing Co. stock drops Friday and claims plans to improve existing financial investments in India

Shares of Boeing Co. BA, -1.20% lost 1.20 %to $151.82 Friday, on what confirmed to be an all-around depressing trading session for the stock exchange, with the S&P 500 Index SPX, -1.07% dropping 1.07% to 3,924.26 and also Dow Jones Industrial Average DJIA, -1.07% dropping 1.07% to 31,318.44. This was the stock's fourth consecutive day of losses. Boeing Co. ba stock price today shut $82.12 short of its 52-week high ($ 233.94), which the firm achieved on November 15th.

The stock demonstrated a blended performance when compared to a few of its rivals Friday, as Honeywell International Inc. HON, -2.01% fell 2.01% to $186.89, Lockheed Martin Corp. LMT, -0.96% fell 0.96% to $418.57, and Northrop Grumman Corp. NOC, -0.70% fell 0.70% to $476.95. Trading volume (5.2 M) continued to be 2.7 million below its 50-day average volume of 7.9 M.

Boeing suggests programs to improve existing financial investments in India

Planemaker Boeing (BA.N) prepares to build on its existing financial investments in India in areas such as protection supply chains and also manufacturing, the firm claimed on Wednesday.

The world's second-largest planemaker is using its F/A -18 fighter jet for sale to India's armed forces and said the choice of the jet would assist increase investments in the country's defence sector.

" Boeing anticipates $3.6 billion in economic effect to the Indian aerospace and also support industry over the following ten years, with the F/A -18 Super Hornet as India's next carrier-based boxer," the business said in a statement.

India is just one of world's largest arms importers, investing $12.4 billion in between 2018 and also 2021, the SIPRI Arms Transfers Data source reveals.

Head Of State Narendra Modi's government is looking to domestic firms and eastern European countries for armed forces equipment and ammo and has identified 25.15 billion rupees ($ 324 million) well worth of protection tools it wants residential firms to manufacture in 2022, Reuters reported earlier this year

See inside Boeing's first-ever 777X airplane testing tech like the jet's revolutionary folding wingtips

Virgin Australia is making a favorable bet on the Boeing 737 MAX by doubling its initial order to eight jets before the first one has also flown.

The airline company today verified it would certainly include 4 more MAX 8 aircraft to the fleet from 2023-- an action which swells Virgin's complete 737 family members fleet to an all-time high of 92 jets, larger than the years when previous CEO John Borghetti initially put Qantas in the competitive cross-hairs.

"In spite of the obstacles encountered by our market, need for travel remains strong, and we're reacting with a focus on the long-lasting by enhancing the performance as well as sustainability of our fleet with 4 added Boeing MAX eights joining our fleet from 2023," kept in mind Virgin Australia Team CEO Jayne Hrdlicka.

The initial 737 MAX in Virgin livery is scheduled to be flying from February 2023, after winging its way from Boeing's assembly centre at Renton, south of Seattle, to Virgin's Brisbane hangars.

And also the brand-new jets will be crowned by a brand-new company course seat-- although this is tipped to be the same design that's being trialled on two of the airline company's Boeing 737-800s currently darting around Virgin's domestic network.

Hrdlicka has plenty of praise for the comfortable and also well-appointed seats, which add a leg-rest and also storage space pocket doing not have in the current service class, as well as AC/USB power electrical outlets and a convenient owner for tablet computer as well as smartphones.

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