{"id":835411,"date":"2025-03-20T08:12:46","date_gmt":"2025-03-20T13:12:46","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/20\/boeing-stock-soars-as-an-executive-plays-up-progress-and-downplays-trump-tariffs\/"},"modified":"2025-03-20T08:12:46","modified_gmt":"2025-03-20T13:12:46","slug":"boeing-stock-soars-as-an-executive-plays-up-progress-and-downplays-trump-tariffs","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/20\/boeing-stock-soars-as-an-executive-plays-up-progress-and-downplays-trump-tariffs\/","title":{"rendered":"Boeing stock soars as an executive plays up progress \u2014 and downplays Trump tariffs"},"content":{"rendered":"
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In This Story<\/h6>\n<\/section>\n

Boeing\u2019s (BA<\/a><\/span>) stock jumped more than 6% after CFO Brian West gave upbeat remarks at the Bank of America (BAC<\/a><\/span>) Global Industrials Conference, saying the planemaker is on track with its key success factors for the year, according to a Bloomberg News report.<\/p>\n

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Suggested Reading<\/h4>\n<\/div>\n
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Costco demands price cuts from Chinese suppliers as trade tensions escalate and import costs rise<\/p>\n<\/div>\n

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Suggested Reading<\/h4>\n<\/div>\n

West highlighted progress on manufacturing, citing \u201cfantastic\u201d performance in its push to complete 38 aircraft per month and the stabilization of 787 output at five per month. He didn\u2019t anticipate a material near-term impact from tariffs, but admitted to concerns about parts availability.<\/p>\n

Wednesday\u2019s increase means the company\u2019s shares are trading roughly unchanged so far this year despite unresolved concerns about the effects of President Donald Trump\u2019s imposed and planned tariffs. The company has many suppliers outside the U.S. and must keep prices contained to be able to effectively compete against Airbus (AIR<\/a><\/span>) in the commercial plane market.<\/p>\n

CEO Kelly Ortberg told staff earlier this month that Trump\u2019s tariffs would boost costs on parts like landing gear that are imported from Canada, Bloomberg News reported<\/a><\/span>. Boeing has a Winnipeg-based division that makes more than 500 parts and assemblies for its commercial unit, and is a \u201ctier 1″ partner on the 787 Dreamliner, which is assembled in South Carolina<\/a><\/span>.<\/p>\n

Boeing is also one of the top 10 manufacturers in Mexico and spends up to $1 billion in the nation through its supply chain, according to a company fact sheet<\/a><\/span>. It spends more than $500 million in Mexico each year on commercial airplane parts.<\/p>\n

Tariffs could create a \u201ccontinuity of supply issue,\u201d Ortberg said. Boeing\u2019s aircraft are made up of thousands of parts subject to demanding specifications, so suppliers aren\u2019t easily replaced. Aerospace expert Jerrold Lundquist recently noted<\/a><\/span> that a Boeing 737 has about 2,000 parts sourced from 700 suppliers.<\/p>\n

The CEO of the world\u2019s largest aircraft leasing company, AerCap (AER<\/a><\/span>), said earlier that under the worst-case trade war scenario, the price of a 787 could increase<\/a><\/span> by $40 million. \u201cNo one\u2019s going to want to pay that,\u201d Angus Kelley told told CNBC\u2019s Squawk Box<\/a><\/span> on March 12.<\/p>\n

\u2014William Gavin contributed to this article.<\/em><\/p>\n<\/div>\n

Read More<\/a>
\n Josh Fellman<\/p>\n","protected":false},"excerpt":{"rendered":"

In This Story Boeing\u2019s ( BA ) stock jumped more than 6% after CFO Brian West gave upbeat remarks at the Bank of America ( BAC ) Global Industrials Conference, saying the planemaker is on track with its key success factors for the year, according to a Bloomberg News report. Suggested Reading Costco demands price<\/p>\n","protected":false},"author":1,"featured_media":835412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2659,112],"tags":[],"class_list":["post-835411","post","type-post","status-publish","format-standard","has-post-thumbnail","category-boeing","category-stock"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/835411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=835411"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/835411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/835412"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=835411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=835411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=835411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}