Boeing Co (NYSE:BA) shares reached a fresh 52-week high, closing at $219.18, with the company’s market capitalization standing at $164.85 billion. Over the past six months, Boeing’s stock gained 27.29%, contributing to a 23.52% increase year-to-date. The surge reflects investor confidence as Boeing continues stabilizing its production and delivery schedules amid a recovering global aviation industry.
The company’s improved performance is supported by rising aircraft orders and a gradual normalization of air travel following the pandemic, driving renewed optimism around Boeing’s commercial outlook.
On the defense front, Boeing secured a $61 million contract modification from the U.S. Department of Defense for anti-submarine warfare equipment. The contract includes multiple options that could significantly increase its overall value, with work spanning several U.S. locations and expected completion by January 2028.
In space-related developments, Boeing delivered the 9th and 10th O3b mPOWER satellites to SES, bolstering global connectivity through advanced software-defined payload technology. These satellites are part of SES’s second-generation constellation aimed at providing high-speed, reliable internet access worldwide.
In corporate moves, Boeing plans to assume control of Spirit AeroSystems’ (NYSE:SPR) facility in Belfast, Northern Ireland, after unsuccessful attempts to sell the site. Meanwhile, Garuda Indonesia has announced intentions to purchase Boeing 737 Max 8 and 787-9 aircraft, though financing and timelines have yet to be disclosed.
Barclays continues to endorse Boeing with an Overweight rating, highlighting steady 737 MAX delivery trends, including an estimated 102 jets delivered in Q2.
These developments underscore Boeing’s multifaceted engagements across commercial aviation, defense, and space sectors, fueling its recent stock momentum.