Why Commercial Aerospace Stocks Are Soaring Today
Recent economic uncertainty has now slowed demand for new airplanes. That, coupled with a midday apparent tariff reprieve, has the stocks of commercial aerospace suppliers including Boeing (NYSE: BA), Howmet Aerospace (NYSE: HWM), and GE Aerospace (NYSE: GE) up more than 8% as of 1:30 p.m. ET, and RTX (NYSE: RTX) up 5%.
Boeing has been flying into headwinds for the better part of five years now. A series of high-profile engineering mishaps, including a pair of fatal crashes, has put the company under intense regulatory scrutiny and crimped its ability to deliver new planes. That has rippled through to its supply chain, including GE Aerospace, Howmet, and RTX.
But there are some signs that Boeing is finally beginning to turn a corner. The company delivered 130 airplanes in the first quarter including 41 in March, up from 83 for the quarter and 29 in March 2024. Rival Airbus, by comparison, delivered 71 jets in March.
Source Fool.com
