オプションチェーンは、Airbusの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Airbusの市場センチメントを評価します。.

Airbus (OTC:EADSY) 株価情報, オプションチェーン

EUROPEAN AERONAUTIC

Airbus

Airbus is a global aerospace and defense firm that designs, develops, and manufactures commercial and military aircraft, as well as space launch vehicles and satellites. The company operates three divisions: commercial, defense and space, and helicopters. Commercial offers aircraft ranging from narrow-body (120-200 seats) A220 and A320 series to much larger A330 and A350 wide body models. The defense and space segment supplies governments with military hardware, including transport aircraft, aerial tankers, and fighter aircraft (Eurofighter). The helicopter division manufactures turbine helicopters for the civil and public markets.

Airbus SE

<a href="https://www.bloomberg.com/news/articles/2024-11-19/airbus-ceo-says-year-end-delivery-goal-is-a-tough-journey">https://www.bloomberg.com/news/articles/2024-11-19/airbus-ceo-says-year-end-delivery-goal-is-a-tough-journey</a>
Airbus SE Chief Executive Officer Guillaume Faury said that hitting a goal of 770 aircraft deliveries this year will be a sprint over the final weeks as the planemaker pushes to reach an already reduced target.
"I've seen too many years where we had the last minute," Faury said in an interview in Brussels, where he was attending a conference. "It's a tough journey and we're a bit late compared to what we were expecting. 770 is still our reference and we're working against that reference, and hopefully it's going to work."

News

European Aeronautic Defence And Space Unsponsored

EADSY

"Airbus CEO Says Year-End Delivery Goal Is 'A Tough Journey'" - Bloomberg News

Vietnam Airlines plans to issue requests for proposals in 2025 to acquire 50 new narrowbody jets, according to CEO Le Hong Ha. 
What Happened: The national carrier previously signed a provisional agreement with Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) for 50 737 MAX jets, but a final decision has yet to be reached as other manufacturers, including Airbus (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) and China's COMAC, remain in contention, Reuters reported. 
Vietnam Airlines currently operates a narrowbody fleet exclusively composed of Airbus models. With the airline projecting a need for 170 new aircraft by 2035, COMAC&#8217;s C919 could also be considered amid growing interest from Chinese manufacturers in the Vietnamese market.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Markets

EADSF

Boeing Is Up Against Airbus And China's COMAC As Vietnam Airlines Seeks Bids For 50 Planes In 2025

Airbus Close To Agreement As Early As Today With Spirit Aerosystems On Fresh Funding And Revised Payment Terms

<a href="https://curtisswright.com/news/press-releases/news-release-details/2004/Honeywell-And-Curtiss-Wright-Develop-Cockpit-Voice-Recorders-To-Help-Boeing-Airbus-Meet-New-25-Hour-Safety-Mandate" title="https://curtisswright.com/news/press-releases/news-release-details/2004/Honeywell-And-Curtiss-Wright-Develop-Cockpit-Voice-Recorders-To-Help-Boeing-Airbus-Meet-New-25-Hour-Safety-Mandate">https://curtisswright.com/news/press-releases/news-release-details/2004/Honeywell-And-Curtiss-Wright-Develop-Cockpit-Voice-Recorders-To-Help-Boeing-Airbus-Meet-New-25-Hour-Safety-Mandate</a>

Honeywell And Curtiss-Wright Launch HCR-25 Cockpit Voice Recorder For Boeing And Airbus To Meet FAA's 25-Hour Recording Mandate

Taiwan&#8217;s China Airlines is reportedly on the verge of splitting a substantial order for long-haul passenger jets between Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>). This decision aligns with the recent U.S. presidential election outcome, where Republican Donald Trump reclaimed the presidency.
What Happened: The airline is evaluating Boeing&#8217;s 777X and Airbus&#8217;s A350-1000 models to replace its existing fleet of 10 Boeing 777-300ERs. The order could encompass up to 20 passenger jets, potentially divided equally between the two manufacturers. The decision on freighters remains uncertain, influenced by the political climate post-U.S. elections, Reuters reported on Thursday.
The estimated value of this passenger jet order is approximately $4 billion, considering standard industry discounts, as reported by aviation consultancy Cirium Ascend. The airline&#8217;s board is yet to finalize the decision, with no confirmation on the exact number and types of planes involved.
See Also: <a href="https://www.benzinga.com/news/24/11/41704893/steve-ballmer-is-betting-40m-on-facts-as-heated-trump-harris-battle-reaches-peak-crescendo-how-ex-mi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Steve Ballmer Is Betting $40M On Facts As Heated Trump-Harris Battle Reaches Peak Crescendo — How Ex-Microsoft CEO Aims To Rescue American Democracy With Data</a>
China Airlines, primarily owned by the Taiwan government, previously ordered 16 Boeing 787-9s in 2022. Despite past concerns, Taiwan&#8217;s government remains optimistic about maintaining robust relations with the U.S. under Trump&#8217;s leadership. The airline&#8217;s chairman, Hsieh Shih-chien, stressed that fleet decisions are made independently of political influence.
Why It Matters: The aerospace industry has been under scrutiny, with companies like Boeing and Airbus facing questions about their high valuations. Defense and aerospace stocks have shown a <a href="https://www.benzinga.com/markets/equities/24/10/41342896/aerospace-stocks-face-tough-questions-can-boeing-ge-airbus-justify-sky-high-valuations">remarkable 22% return</a> year-to-date, driven by geopolitical tensions.
Additionally, <a href="https://www.benzinga.com/markets/equities/24/11/41736062/boeing-workers-end-seven-week-strike-by-accepting-new-contract-with-major-pay-increases">Boeing&#8217;s recent labor agreement</a> ended a seven-week strike, securing significant pay increases for workers, which could impact production costs. Meanwhile, <a href="https://www.benzinga.com/news/24/10/41273419/airbus-announces-85-new-orders-pointers-show-air-india-is-purchaser-report">Airbus&#8217;s recent orders</a> highlight its strong market position, with 85 new orders reported in September.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

Boeing, Airbus Might Secure A $4B Jet Order From Taiwan's China Airlines As Trump Secures Second Term: Report

Contracts

Airbus Signs A400M Contractual Framework Update With OCCAR

<a href="https://www.airbus.com/sites/g/files/jlcbta136/files/2024-10/Press-Release-Airbus-9m2024-1459.pdf" title="https://www.airbus.com/sites/g/files/jlcbta136/files/2024-10/Press-Release-Airbus-9m2024-1459.pdf">https://www.airbus.com/sites/g/files/jlcbta136/files/2024-10/Press-Release-Airbus-9m2024-1459.pdf</a>

Earnings

Guidance

Airbus SE Reports 9-Month Revenues €44.5 Billion; Q3 EBIT Reported €2.7 Billion; Guidance Maintained; Free Cash Flow Before Customer Financing €-0.8 Billion

Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares are trading higher in the <a href="https://www.benzinga.com/premarket" target="_blank" rel="noreferrer noopener">morning session on Friday.</a>
In an exchange <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001498710/0421d62b-34a7-490a-bfc5-f62c6333ed1e.html" rel="noreferrer noopener">filing</a>, Spirit Airlines announced that on October 18, 2024, it entered into a binding term sheet with GA Telesis for the sale of 23 A320ceo/A321ceo aircraft at an expected total purchase price of approximately $519 million.
Delivery of the aircraft is scheduled to begin in October 2024 and continue through February 2025, contingent upon the execution of definitive documentation and other customary conditions precedent.
On October 24, Spirit Airlines provided an update to investors with preliminary estimates for its third quarter of 2024.
Spirit anticipates that the net proceeds from the recent aircraft sale, combined with the discharge of related debt, will enhance its liquidity by approximately $225 million through year-end 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41541240/us-stocks-set-to-rise-as-treasury-yields-ease-tesla-spirit-airlines-among-stocks-in-focus-fund-mana" rel="noreferrer noopener">US Stocks Set To Rise As Treasury Yields Ease, Tesla, Spirit Airlines Among Stocks In Focus: Fund Manager Says Despite Elon Musk&#8217;s Company &#8216;Firing On All Cylinders,&#8217; It&#8217;s Still Not A &#8216;Good Time To Buy&#8217;</a>
The estimated adjusted operating margin for the third quarter of 2024&nbsp;is expected to be about 300 basis points higher than the midpoint of previous guidance, driven by stronger-than-expected revenue from its transformation plan.
For the full year 2025, capacity is projected to decrease in the mid-teens percentage range, considering the aircraft sale, the increased removal of neo aircraft from service due to Pratt &amp; Whitney engine availability issues, the retirement of the remaining A319ceo aircraft, and the addition of six new A321neo aircraft.
To support its path to profitability, Spirit has identified approximately $80 million in annualized cost reductions, which it plans to implement starting in early 2025, primarily through workforce reductions aligned with expected flight volumes.
The company is also in active discussions with holders of its senior secured notes due 2025 and convertible senior notes due 2026 regarding their maturities.
Spirit Airlines had&nbsp;extended<a target="_blank" href="https://www.benzinga.com/news/24/10/41457620/why-spirit-airlines-save-stock-is-moving" rel="noreferrer noopener"> its debt refinancing deadline too</a>.&nbsp;Recently, the company announced it modified its card processing agreement, extending deadlines for its 2025 notes.
This follows ongoing negotiations with&nbsp;U.S. National Bank Association regarding&nbsp;Visa and&nbsp;MasterCard payments.
Consistent with previous guidance, Spirit expects to conclude 2024 with over $1.0 billion in liquidity, which includes unrestricted cash, cash equivalents, short-term investment securities, and other liquidity initiatives, assuming successful completion of ongoing efforts.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, SAVE stock has lost over 30% in the past six months.
Spirit Airlines has faced selling pressure as planes were grounded due to an engine recall and the company's planned acquisition of JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41432467/why-spirit-airlines-stock-is-taking-off-monday" rel="noreferrer noopener">was blocked by regulators.</a>
Spirit has also missed analyst estimates on the top and bottom lines in two straight quarters.
Earlier this month, the Wall Street Journal&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41178053/spirit-airlines-engages-in-bankruptcy-talks-amid-financial-struggles-report" rel="noreferrer noopener">reported</a> that Spirit was exploring potential bankruptcy options as it continues to battle financial challenges, including mounting pressure on its $3.3 billion debt load.
Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>).
Price Action: SAVE shares are up 26% at $3.05 at the last check Friday.
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41416572/spirit-airlines-extends-debt-deadlines-jetblue-founder-suggests-frontier-group-a-more-suitable-m" target="_blank" rel="noreferrer noopener">Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match</a></li>
</ul>

Movers

JBLU

JETS

SAVE

What's Going On With Spirit Airlines Stock Friday?

United Airlines Executive Says Capital Expenditure Outlook Has A Downward Bias Due To Ongoing Airbus And Boeing Aircraft Delivery Delays, Which Are Unlikely To Be Resolved Quickly

As Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) grapples with a prolonged strike by its factory workers, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) has reportedly decided to cut up to 2,500 jobs in its Defence &amp; Space division. This move comes in response to significant financial setbacks in its satellite projects.
What Happened: The European aerospace leader plans to implement these reductions, representing 7% of the division&#8217;s workforce, by mid-2026. The information was disclosed by two anonymous sources, as the official announcement is still pending, Reuters reported on Wednesday.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a>
Meanwhile, Boeing&#8217;s workers, demanding better wages and pensions, have entered the second month of their strike. A significant rally was held in Seattle, increasing the pressure on CEO Kelly Ortberg to address the workers&#8217; demands. Despite Boeing&#8217;s recent<a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41316208/stock-of-the-day-boeing-stock-sells-off-as-support-collapses-job-cuts-loom"> announcement of 17,000 job cuts,</a> the workers remain resolute. Washington state Congressional Democrats have urged both Boeing and the union to reach a fair agreement, acknowledging the workers&#8217; vital contributions.
Why It Matters: The aerospace industry is currently navigating a challenging landscape. Airbus recently secured 85 new orders, including a <a href="https://www.benzinga.com/news/24/10/41273419/airbus-announces-85-new-orders-pointers-show-air-india-is-purchaser-report">significant purchase from Air India Ltd.</a>, highlighting its ongoing demand. However, the decision to cut jobs reflects the financial pressures in its Defence &amp; Space division.
Meanwhile, aerospace stocks have<a href="https://www.benzinga.com/markets/equities/24/10/41342896/aerospace-stocks-face-tough-questions-can-boeing-ge-airbus-justify-sky-high-valuations"> seen impressive returns</a>, with the iShares US Aerospace &amp; Defense ETF ITA showing a 22% year-to-date increase in 2024. Analysts, like RBC&#8217;s Ken Herbert, have noted the industry&#8217;s strong performance but question whether companies like Boeing and Airbus can sustain their high valuations amid geopolitical tensions.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, Airbus stock closed at $36.91 on Tuesday while Boeing closed at $36.85.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

As Boeing Workers Enter Second Month Of Strike, Rival Airbus Reportedly Plans To Cut 2,500 Jobs

Defense and aerospace stocks, as tracked by the iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) have returned a remarkable 22% year-to-date in 2024; an aerospace expert weighed in on whether companies can keep up with sky-high valuations <a href="https://www.benzinga.com/markets/commodities/24/10/41150239/investors-look-to-gold-as-middle-east-tensions-rise-how-israel-iran-conflict-could-impact-pri">fueled by tensions</a> in the Middle East.
The Aerospace Analyst: RBC analyst Ken Herbert reiterated Outperform ratings for the following aerospace companies in a note published Monday:
<ul>
<li>Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), lowering its price target from $220 to $200.</li>
<li>General Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), raising its price target from $190 to $210.</li>
<li>General Dynamics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), maintaining its price target at $320.</li>
<li>Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>), lowering its price target from 180 euros to 160 euros.</li>
</ul>
Industry Takeaways: Herbert noted the industry&#8217;s impressive performance in 2024.
&#8220;Investor sentiment into 3Q24 A&amp;D results is positive on defense stocks, with concerns about near-term incremental upside after the recent strength for many defense stocks. Sentiment seems universally bullish on the aerospace aftermarket, although these stocks appear about as crowded on the long side as we have seen,&#8221; the analyst said. &#8220;We believe the aero OE outlook is uncertain at best.&#8221;
The analyst noted his belief that aerospace valuations will hold in the near-to-mid term.
Boeing Takeaways: Herbert says that Boeing&#8217;s current risk-to-reward is favorable.
&#8220;We believe we are ~36 months into what should be a 4-to 5-year order cycle. Granted, the world is different today than it was for any prior cycle, but we expect demand for narrowbody aircraft to remain strong,&#8221; Herbert said.
The analyst believes that the ongoing labor strike at Boeing will be resolved before it releases its third-quarter earnings.
GE Aero Takeaways: Although Herbert raised General Electric&#8217;s price target, he simultaneously lowered expectations of 2024, 2025 and 2026 LEAP engine deliveries.
&#8220;While we are more cautious on revenue growth, we are raising our estimates for adj operating income and adj. EPS as GE Aero benefits from mix,&#8221; the analyst said. &#8220;We believe the healthy aftermarket demand fundamentals and continued favorable pricing on spare parts will offset downside risk to new LEAP deliveries, although investors will likely be focused on execution for this program.&#8221;
Herbert believes that the bear case for GE is &#8220;fading&#8221; amid efforts to derisk its balance sheet.
General Dynamics Takeaways: Herbert&#8217;s lowering of General Dynamics&#8217; price target comes amid pessimism in Gulfstream delivery estimates. The analyst sees headwinds ahead in delivering its G700 aircraft.
Herbert is still bullish on the company, with a perceived upside amid the continuing war in Ukraine.
Airbus Takeaways: The analyst&#8217;s lowered price target is attributed to lower delivery estimates in the near term. He believes the stock can perform well, even though the company will likely walk back its mid-decade target of 1,000 deliveries.
Herbert sees Airbus&#8217; core strengths as its strong backlog, cash position and margin expansion.
Also Read:
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</ul>
Photo: Gorodenkoff/Shutterstock.com

Price Target

Reiteration

Analyst Ratings

iShares Dow Jones US Aerospace & Defense Index Fund

Aerospace Stocks Face Tough Questions: Can Boeing, GE, Airbus Justify Sky-High Valuations?

For September 2024, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) reported 50 deliveries and 235 gross orders, including 85 from an undisclosed buyer.
According to sources cited by <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-10/air-india-said-to-be-carrier-behind-mystery-85-jet-airbus-order?srnd=homepage-asia" rel="noreferrer noopener">Bloomberg</a>, Airbus received an order for 85 planes from Air India Ltd., which consisted of 75 A320neo single-aisle aircraft and 10 A350 wide-body jets, as mentioned by the source.
As of 2024, Airbus has delivered 497 aircraft, with 667 gross orders and 648 net orders recorded from <a target="_blank" href="https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries" rel="noreferrer noopener">January to September</a>. Additionally, the company delivered 36 A350 aircraft during this period.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257193/boeings-october-deliveries-expected-to-plummet-amid-strike-challenges-analyst" rel="noreferrer noopener">Boeing&#8217;s October Deliveries Expected To Plummet Amid Strike Challenges: Analyst</a>
In February 2023, Air India announced the <a target="_blank" href="https://www.airbus.com/en/newsroom/press-releases/2023-02-tata-owned-air-india-to-acquire-250-airbus-aircraft" rel="noreferrer noopener">purchase of 470 aircraft</a>, including 250 from Airbus, marking the largest commercial aviation deal then. The order included 140 A320neo, 70 A321neo single-aisle aircraft, 34 A350-1000, and six A350-900 wide-body jets.
Tata Group-owned Air India is in the middle of a merger. Renowned philanthropist and former chairman of Tata Group Ratan Tata <a target="_blank" href="https://in.benzinga.com/news/24/10/41264410/narendra-modi-gautam-adani-rahul-gandhi-pay-tribute-to-late-ratan-tata" rel="noreferrer noopener">passed away at the age of 86 </a>on Oct. 9.
Price Action: EADSY shares closed 0.52% higher at $34.86 on Wednesday.
Image by VanderWolf via Shutterstock

Media

Airbus Announces 85 New Orders, Pointers Show Air India Is Purchaser: Report

<a href="https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries" title="https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries">https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries</a>

Airbus Reports 50 Deliveries And 235 Gross Orders In September; 2024 Deliveries To Date Total 497; 667 Gross Aircraft Orders And 648 Net Orders Booked From January To September; 36 A350 Aircraft Delivered In Same Period

Deutsche Bank analyst Scott Deuschle upgrades RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) from Sell to Hold, raising the<a target="_blank" href="https://www.benzinga.com/quote/RTX/analyst-ratings" rel="noreferrer noopener"> price forecast from&nbsp;$109&nbsp;to&nbsp;$129.</a>
According to the analyst, RTX&#8217;s aerospace exposure is expected to enable it to outpace other defense companies, leveraging operational efficiencies to drive long-term growth and compound earnings.
The analyst sees potential for further stock upside with RTX currently valued similarly to pure defense companies for 2026 but boasting a more promising long-term growth outlook due to its aerospace exposure.
Deuschle writes that the overall narrative for RTX is compelling, as long as operational improvements persist.
The analyst forecasts third-quarter earnings per share of $1.36, exceeding the Street&#8217;s expectation of $1.32 by $0.04.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41146781/rtxs-raytheon-secures-darpa-contract-to-develop-ultra-wide-bandgap-semiconductors-details" rel="noreferrer noopener">RTX&#8217;s Raytheon Secures DARPA Contract To Develop Ultra-Wide Bandgap Semiconductors: Details</a>
Deuschle projects sequential revenue growth at Pratt &amp; Whitney and Collins, driven by increased aftermarket activity at Pratt &amp; Whitney from higher V2500 and GTF shop visits, while Collins is likely to benefit from sequential original equipment growth on Airbus and business jet platforms, along with sustained aftermarket strength and potential upside from increased modification revenue.
The analyst projects Raytheon&#8217;s revenue will decline quarter-over-quarter but sees upside potential due to strong demand, favorable DoD spending trends, and gradually improving conditions in the defense supply chain.
EPS estimates for 2024-2026 have been revised to $5.48, $6.06, and $6.88, respectively, from $5.48, $6.17, and $6.93.
This decrease is mainly due to lower original equipment rate assumptions for both Boeing and Airbus, partially offset by a better product mix and higher margins.
Meanwhile, operational risk keeps them at a Hold rather than a Buy.
Price Action: RTX shares are trading lower by 0.52% to $123.40 on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/previews/24/10/41170128/jobs-report-preview-could-september-labor-data-shift-feds-interest-rate-path" target="_blank" rel="noreferrer noopener">Jobs Report Preview: Could September Labor Data Shift Fed&#8217;s Interest Rate Path?</a></li>
</ul>

Analyst Color

Upgrades

Trading Ideas

Deutsche Bank Changes Tune On Raytheon Parent RTX, Sees Aerospace Edge Fuel Long-Term Growth Potential

Hawaiian Airlines Now Offering Fast And Free Starlink Wi-Fi Across Entire Airbus Fleet

Triumph Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) received a <a href="https://www.benzinga.com/news/24/08/40485954/this-american-express-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-wednesday">downgrade last month from a Truist Securities analyst</a>.
While the company's transformation efforts have resulted in a "leaner, more focused portfolio," this is being overshadowed by the "uncertain aircraft production rates" of Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>), according to BofA Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e331a5064ed0001730315/ronald-epstein">Analyst </a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e331a5064ed0001730315/ronald-epstein">Ronald Epstein</a> downgraded the rating for Triumph Group from Buy to Underperform, while reducing the price target from $17 to $12.
The Triumph Group Thesis: The Installations segment is producing 13 per month, significantly below the rate required for margin expansion, while Composites and Cabin Components are producing 30 per month, which has downside risk, Epstein said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
As the company's working capital needs grow, there would be risks to free cash flow generation, along with margin headwinds, he added.
While Triumph Group is ramping production and the inventory is being accepted by Boeing and Airbus, "we are concerned any further production cuts could lead to destocking," the analyst stated. "The destocking would compound existing FCF headwinds from the V-22 program sunsetting, OEM deferrals, inflation, and supply-chain shortages," he further wrote.
TGI Price Action: Shares of Triumph Group had declined by 5.35% to $12.83 at the time of publication on Tuesday.
Read More: • <a href="https://www.benzinga.com/general/24/09/40996898/boeings-striking-workers-reject-best-and-final-offer-it-missed-the-mark-on-many-of-the-things">Boeing&#8217;s Striking Workers Reject &#8216;Best And Final&#8217; Offer: &#8216;&#8230;It Missed The Mark On Many Of The Things&#8217;</a>
Photo: Pixabay

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Triumph Group Gets A Double Downgrade On Looming Production Uncertainty

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National Geospatial-Intelligence Agency Awards Multiple Award IDIQ Contract With $290M Ceiling To Luno A And Nine Other Vendors; Including BlackSky Geospatial Solutions; Contract Extends Through September 2029 To Provide Commercial Data And Analytic Services For National Security Community

Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading lower on Wednesday. On Tuesday, Boeing stated that it delivered 40 commercial jets in August, five more than in the same month of 2023 when a manufacturing defect <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40801473/whats-going-on-with-boeing-shares-tuesday" rel="noreferrer noopener">affected 737 MAX production</a>.
Of total count, Boeing delivered 32 MAX aircraft in August (up from 31 in July), which includes nine deliveries to customers in China, reported Reuters.
Goldman Sachs analyst Noah Poponak writes that deliveries stayed higher in August, following low levels earlier in the year <a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener">due to a focus on product quality controls</a>.
The analyst anticipates continued delivery increases in the second half of 2024, reflecting improved performance in the third quarter.
Also, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) CEO Guillaume Faury announced that the company plans to launch a new aircraft program by the end of the decade, reported Reuters.
BofA Securities analyst Ronald J. Epstein says that Faury estimated that the next-generation aircraft would reduce fuel consumption by 25% compared to the A320, suggesting that an open-rotor engine design could be an option.
Epstein adds that the &#8220;A220XLR&#8221; has been a topic of speculation, and this announcement adds credibility to the program.
If Boeing responds to Airbus&#8217; announcement, it could have significant implications for the company and impact Boeing&#8217;s balance sheet, writes the analyst.
Apart from this, on Tuesday, Boeing informed suppliers of a six-month delay in a key production milestone for its 737 MAX. The new target is to reach a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40789118/boeings-737-max-production-faces-new-delays-report" rel="noreferrer noopener">monthly output of 42 jets by March 2025</a>.
Truist Securities analyst Michael Ciarmoli says that consensus estimates of around 32 MAX aircraft per month in fourth-quarter suggest that the delay in production rate increases was anticipated.
The analyst added that this delay, while not unexpected by the supply chain, is likely to strain suppliers who are already managing substantial inventory related to the program.
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are down 1.21% at $158.13 at the last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40784605" target="_blank" rel="noreferrer noopener">Boeing Labor Deal Sparks Anger Among Union Workers Ahead Of Crucial Vote: ‘They're Angry'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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