- Boeing (BA +3%) moves out to a ~3% gain, contributing about a third of the Dow's 200-plus point gain so far today, and is now 20% higher YTD after recouping its dropoff from the recent broader stock market selloff.
- CEO Dennis Muilenburg told CNBC today that by the end of the decade Boeing will be building more than 900 airplanes per year after delivering a record 763 commercial aircraft last year.
- "We see air traffic growing and passenger traffic growing at about 6%-7% a year, and that's feeding airplane growth throughout the world," Muilenburg said, adding that the world's aircraft fleets will double in size over the next 20 years and cause a need for 41K new airplanes.
- Separately, Reuters reports Boeing has applied to stay in the race to supply Canada with 88 new fighter jets, despite angering Canada's government by launching its trade challenge against Bombardier.
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