Boeing Working With Elon Musk To Solve Boeing's Air Force One Delivery Delays: Report

Boeing Company BA stock traded lower on Thursday. The company’s CEO, Kelly Ortberg, reportedly said that SpaceX’s Elon Musk is helping to solve issues within the delivery process of Boeing’s Air Force One presidential jet, Reuters reports.

At the Barclays Industrial Select Conference, Ortberg stated that they aim to reach 38 ‘737 jets’ per month for 2-3 months before requesting a rate increase from the FAA, the report adds.

Last month, CNBC reported that Boeing is collaborating with Musk to speed up the delivery of delayed and overbudget Air Force One replacements, citing a statement from Ortberg in an interview.

The two Boeing 747s meant to replace Air Force One are more than $2 billion over budget and years behind schedule due to design changes, labor issues, and supply chain problems.

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Trump negotiated the deal for the aircraft during his first term, after threatening to cancel the order in 2017 due to high costs, CNBC noted.

Ortberg mentioned in the CNBC interview that they are working with Musk to reduce costs and deliver the planes sooner.

Today, Ortberg noted that the 737 supply chain is in good shape, but acknowledged Boeing is evaluating the impact of a fire this week at a Pennsylvania factory, which is a key supplier of aircraft fasteners, Reuters reported.

According to Benzinga Pro, BA stock has lost over 11% in the past year. Investors can gain exposure to the stock via iShares U.S. Aerospace & Defense ETF ITA.

Boeing Stock Prediction For 2025

Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.

Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Boeing, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Boeing, the 200-day moving average sits at $169.46, according to Benzinga Pro, which is below the current price of $180.72. For more on charts and trend lines, see a description here.

Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.

Price Action: BA shares closed lower by 2.83% to $180.88 on Thursday.

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