Boeing Lands $31.6B Vietnamese Aircraft Orders and C-17A Flight Deck Contract
Received $31.6B in orders from three Vietnamese carriers: $22.5B for 40 787-9s, $8.1B for 50 737-8s and $965M for six 737-8s. Boeing also secured a U.S. Air Force contract to modernize C-17A Globemaster III flight decks with MOSA architecture and holds a strong buy consensus with 20.11% upside potential.
1. Vietnamese Carriers Place $31.6B Orders
Boeing secured orders from Sun PhuQuoc Airways, Vietnam Airlines and Vietjet, totaling $31.565 billion: $22.5B for 40 787-9 Dreamliners, $8.1B for 50 737-8s and $965M financing for six 737-8s provided by Griffin Global Asset Management.
2. Wins U.S. Air Force C-17A Flight Deck Deal
The company was awarded a contract to modernize the C-17A Globemaster III flight deck for the U.S. Air Force, which includes design, production and integration of a MOSA-based open systems architecture for future capability upgrades.
3. Strong Buy Rating with 20.11% Upside Potential
Wall Street analysts have a strong buy rating on Boeing, projecting an average 20.11% share price upside from current levels based on order momentum and defense contract awards.