On Tuesday Boeing (NYSE:BA) stock dipped -0.67% and closed at 367. The stock opened the session at $373.51 and touched its highest price point at $374.83. Its recent trading capacity is 6674773 shares versus to its average trading volume of 5247107 shares. The company’s stock’s lowest price point for the session stood at $361.61.BA traded as low as $ 292.47 in the past 52 weeks, and shares hit its peak level to $446.01.
On Nov. 19, 2019, Boeing (NYSE:BA) reported at the Dubai Airshow services orders and agreements with leading airlines and governments to provide greater lifecycle value to their fleets and enable improved connectivity, exploration and mission readiness.
The Middle East is one of the fastest growing aviation services markets in the world, with Boeing forecasting a combined addressable market in the region for commercial and defense services worth $225 billion over the next 10 years.
We are proud to offer purpose-built solutions that reflect market needs and the preferences and operational requirements of our customers, including those in the important Middle East region, said Ted Colbert, president and CEO of Boeing Global Services. Boeing is committed to growing our service offerings together with commercial and government partners to expand the Middle East’s organic aerospace services expertise and support local industry.
Recent Middle East services orders and agreements include:
- Egypt signed an Apache Sustainment Extension for technical assistance and on-site support.
- FlySAFAIR joins more than 300 international customers using Boeing Maintenance Performance Toolbox to access their fleets’ real-time digital maintenance data and engineering and certification information.
- Kuwait finalized an agreement for Integrated Logistics Support (ILS), which provides F/A-18 support equipment, aircrew courseware and training devices, and technical publications.
- Saudi National Center of Aviation (SNCA) signed an agreement with Boeing for its Jeppesen Dispatcher Training. This agreement provides Jeppesen training content, including electronic training materials, and instructors to train SNCA students throughout the Middle East as part of its dispatch curriculum.
- TAAG Angola Airlines reached a five-year agreement for Boeing Global Services’ Global Fleet Care. This agreement provides Virtual Maintenance and Engineering support for TAAG’s entire fleet of 15 Boeing 777 (8) and 737-700 (7) aircraft.
- Boeing previously announced at the Dubai Airshow agreements with EGYPTAIR, Ethiopian Airlines, Etihad Airways, and Saudi Arabian Airlines (Saudia) for a range of aircraft lifecycle solutions spanning Global Services’ robust suite of offerings, including landing gear, engine support, digital solutions, and materials parts access.
Ricardo Gardner joined the newsdegree.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Ricardo is the Senior Editor for newsdegree.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
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