Deliveries up as travel volumes rise

Article Excerpt

BOEING CO. $194 remains a hold. The aircraft maker (New York symbol BA; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 586.2 million; Market cap: $113.7 billion; Price-to-sales ratio: 1.9; Dividend suspended in June 2020; TSINetwork Rating: Extra Risk; www.boeing.com) delivered 340 commercial jet planes in 2021 compared to just 157 in 2020. However, that’s still below the 380 planes it delivered in 2019 before the pandemic as well as the record 806 planes in 2018. The company also plans to resume deliveries of its 737 Max jetliners in China now that regulators in that country have approved fixes to the autopilot software that led to two separate crashes in Ethiopia and Indonesia in 2019. However, manufacturing problems continue to delay production of its 787 Dreamliner plane. Boeing is still a hold. hold…