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THE BOEING COMPANY

(BA)
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Boeing : newest version of the 737 Max makes first flight

06/18/2021 | 05:04pm EDT

SEATTLE (AP) — Boeing's newest version of the 737 Max jetliner completed its first test flight Friday in a move that the company hopes will signal improving fortunes for its most important plane.

A few hundred employees watched the plane take off from Renton, Washington. As is typical for a first test flight of a new plane, the only people on board were the two pilots, Jennifer Henderson and Jim Webb.

The pilots flew for about 2 1/2 hours over Washington state and did a touch-and-go maneuver at an airport near Moses Lake, Washington, before returning to land at Boeing Field in Seattle, about 7 miles (11 kilometers) from where they left.

The Max 10 is a slightly larger version of Max jets that are already flying. It is designed to seat up to 230 passengers and compete with the A321neo from European rival Airbus.

Chicago-based Boeing expects to begin delivering Max 10s to airlines in 2023.

Max jets get better fuel mileage than previous versions of Boeing’s venerable 737. Airlines began using the plane in 2017, but Max 8 and Max 9 planes were grounded worldwide for nearly two years after crashes in October 2018 and March 2019 killed a total of 346 people.

U.S. regulators cleared the way for Max jets to resume flying late last year after Boeing made changes, including overhauling flight-control software that played a role in the crashes. This spring, about 100 new Max jets were idled for several weeks because of an unrelated problem with electrical grounding of cockpit instruments.

The grounding of Max jets and reduced demand for planes because of the pandemic pushed Boeing Co. to an $8.4 billion loss last year.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

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Financials (USD)
Sales 2021 76 512 M - -
Net income 2021 1 138 M - -
Net Debt 2021 43 600 M - -
P/E ratio 2021 122x
Yield 2021 -
Capitalization 133 B 133 B -
EV / Sales 2021 2,30x
EV / Sales 2022 1,82x
Nbr of Employees 141 000
Free-Float 57,8%
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 226,48 $
Average target price 266,76 $
Spread / Average Target 17,8%
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Managers and Directors
David L. Calhoun President, Chief Executive Officer & Director
David A. Dohnalek Chief Financial Officer, Treasurer & Senior VP
Lawrence W. Kellner Non-Executive Chairman
Gregory L. Hyslop Chief Engineer, EVP-Engineering, Test & Technology
Susan Doniz Chief Information Officer & SVP-Data Analytics
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