Boeing has an $8 billion airplane deal and an agreement with Palantir

The Boeing Aircraft Corporation has signed a new airplane contract - worth more than $8 billion - with Uzbekistan. Another "huge order" may come from China: Washington and Beijing are finalizing negotiations on it, the U.S. ambassador said. In addition, the company on September 23 announced a contract with one of the leaders of the artificial intelligence market, Palantir: it will offer its technology to Boeing's defense business. The stock rose 2%.

Boeing has signed a contract with Uzbekistan's Uzbekistan Airways, under which the airline will purchase 14 Boeing 787-9 Dreamliner long-range airliners with an option for eight more. As Boeing noted, this is the largest order in the Uzbek carrier's history.

US President Donald Trump on Tuesday announced the deal of his social network Truth Social.

"Today I want to congratulate President Shavkat Mirziyoyev on a GREAT deal with Boeing! For over $8 billion, Uzbekistan Airways is purchasing 22 Dreamliner airplanes," Trump wrote. - This deal will create over 35,000 jobs in the U.S.".

Shares of Boeing at trading on September 23 rose at the moment by 3.6%, but by the end of the day slowed down and ended the session at $216.34 - 2% above the closing price a day earlier. The stock has gained 22% since the beginning of the year and nearly 39% over the past 12 months.

Additional impetus to Boeing shares was given by information about other potential deals. U.S. Ambassador to China David Perdue said Tuesday that Washington and Beijing are finalizing negotiations on a "major order," without revealing details, Barron's wrote. "It's a huge order, and it's extremely important to President [Trump]," Perdue noted at a briefing in Beijing. - I think we're in the final stages of these negotiations - the last few days or weeks."

On August 21, Bloomberg, citing sources, reported that Boeing is close to concluding a contract for the delivery of up to 500 airplanes to China, which is one of the most important markets for the company.

In addition, according to Bloomberg, Trump may agree on aircraft deliveries with Turkish President Recep Tayyip Erdogan during a meeting in Washington on Thursday. It is reported that Turkey plans to buy hundreds of Boeing planes and Lockheed Martin fighter jets, while claiming to localize production for more than $10 billion. Representatives of the companies have not yet confirmed or denied this information, Barron's writes.

Also on Tuesday, Boeing announced that it has entered into an agreement with defense artificial intelligence developer Palantir. Under the contract, the companies together will integrate Palantir's AI systems and software into Boeing's defense and space business. Financial terms of the deal were not disclosed in Boeing's statement.

In 2025 Boeing received several large contracts. On August 27, it became known about Korean Air's order for 103 aircraft. Qatar Airways ordered at least 160 Boeing wide-body jets during U.S. President Donald Trump's visit to Doha in May. Saudi Arabia plans to buy 30 airplanes.

From January through July, airlines ordered nearly 700 airliners from Boeing, compared with about 230 orders for the same period in 2024, Barron's calculated. But Boeing has already accumulated a huge backlog: more than 6,500 outstanding orders, and an official backlog of just under 6,000 airplanes. That's more than a decade's worth of work at current production rates, Barron's wrote. Therefore, the main challenge for Boeing is to speed up production, the publication added.

Vertical Research analyst Rob Stallard expects that in 2025 the aircraft manufacturer will have a loss per share of $2.36, but in 2026 will reach a profit of $2.86 per share, and in 2027 - will increase it to $6.2. The main source of profit growth, the analyst says, is the increase in aircraft deliveries. In 2025 it is expected to ship about 580 airliners, in 2026 - about 680, and in 2027 - already 760.

This article was AI-translated and verified by a human editor