Boeing stock on Tuesday shifted higher on a slew of order and delivery news. The Dow Jones plane maker landed a deal with Uzbekistan Airways, while closing in on major purchases from Turkey and China.
Boeing on Monday announced that it secured a deal with Uzbekistan Airways for up to 22 of its Boeing 787 Dreamliners. Uzbekistan Airways purchased 14 Boeing 787-9 planes with options for eight more jets, marking the largest order in the airline's history.
Boeing says the deal helps modernize Uzbekistan Airway's fleet while supporting nearly 35,000 jobs.
President Donald Trump touted the agreement online, calling it a "great deal." Boeing did not include a price tag for the order, but Trump put the value at over $8 billion.
Elsewhere, Vietjet on Monday took delivery of its first 737-8 plane from Boeing as part of the Vietnamese airline's $32 billion order for 200 planes, according to reports. Vietjet said the order is part of its global network expansion.
Turkey Seeks Boeing, Lockheed Martin Orders
Meanwhile, Turkish President Recep Tayyip Erdogan plans to buy hundreds of Boeing airliners and Lockheed Martin fighter jets, Bloomberg reported. The deals are subject to approval by Trump, who hosts Erdogan at the White House on Thursday.
Turkey hopes to offset its payments for American planes with local production deals worth more than $10 billion. Washington previously imposed sanctions on the country after Turkey struck a deal with Russia for a missile defense system. While Turkey has refused to jettison the Russian missiles, it hopes to alter the sanctions that will allow it to buy 40 F-35 fighters from Lockheed. The move could lead the U.S. to end its suspension of 10 Turkish companies, which were set to make about $12 billion in F-35 parts. Erdogan also hopes to finalize a purchase for 40 of Lockheed's latest-generation F-16 Vipers, as well as hundreds of bombs, missiles and spare engines, according to Bloomberg.
The U.S. and China are also in the final negotiation stages for a "huge" Boeing aircraft order, Ambassador to China David Perdue said.
Boeing Closes In On China Deal
Boeing is close to a deal to sell as many as 500 aircraft to China, which would end a sales drought stretching back to 2017, according to Bloomberg. The order, which has been years in the making, would be the centerpiece of a trade agreement between the U.S. and China.
"This is a huge order, and it's very important to the president. Very important for Boeing. I think it's very important to China," Ambassador Perdue said Tuesday. "I think that we're in the last days of that, weeks of that negotiation, and we're hopeful that will turn out to be the case."
Elsewhere, Reuters reported on Tuesday that Boeing altered its bid to secure European Union approval to buy back supplier Spirit AeroSystems. The European Commission has extended its decision deadline for the deal to Oct. 14. The regulator is expected to seek market feedback before deciding whether to accept Boeing's changes or open a full-scale investigation.
Boeing announced the $4.7 billion acquisition of Spirit in July 2024. The U.K antitrust authority cleared the deal last month, Reuters reported.
Boeing Stock Climbs Early
BA shares climbed 2% Tuesday.
Boeing has fallen nearly 8% in September, threatening to snuff a five-month rally. Shares had dropped below their 10-week moving average, while holding well above their 40-week line.
Boeing stock remained up 22% this year through.
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