Boeing Company (BA) shares surged to a fresh 52-week high on Tuesday after the aerospace giant reported its full-year 2024 delivery numbers, and they're pretty solid.
Boeing Stock Hits 52-Week High After Delivering 600 Commercial Aircraft in 2024
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The Numbers
Boeing wrapped up 2024 with 600 commercial airplane deliveries, including 160 in the fourth quarter alone. The workhorse 737 family did most of the heavy lifting, delivering 117 units during Q4.
On the defense side, Boeing's Defense, Space & Security division delivered 37 aircraft in the fourth quarter, pushing the annual total to 131 units. That lineup included both new and remanufactured AH-64 Apache helicopters, CH-47 Chinook helicopters, F-15 and F/A-18 fighters, KC-46 tankers, and MH-139 helicopters.
Fresh Orders Rolling In
Boeing also announced some meaningful new business. Aviation Capital Group LLC ordered 50 737 MAX aircraft. That's notable because lessors have now ordered nearly 1,300 737 MAX jets, representing about one-fifth of Boeing's total 737 MAX backlog.
Then there's Delta Air Lines, Inc. (DAL), which placed an order for 30 787-10 widebody aircraft with options for an additional thirty planes.
Boeing is scheduled to report its fourth-quarter earnings on January 27th, which should give investors more color on the operational turnaround.
BA Price Action: Boeing shares were up 2.34% at $245.42 at the time of publication on Tuesday, hitting a new 52-week high.
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