Boeing Eyes $20.7 Billion Windfall As Stock Offering Expands: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2024
0mins
Should l Buy BA?
Source: Benzinga
Boeing's Stock Offerings: Boeing is trading higher after pricing its public offerings at 112.5 million shares of common stock at $143 each and $5 billion in depositary shares, aiming to raise approximately $15.81 billion and $4.91 billion respectively.
Use of Proceeds: The funds raised will be used for general corporate purposes, including debt repayment and investments, with the common stock offering expected to close on October 30, 2024, and the depositary shares offering on October 31, 2024.
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Analyst Views on BA
Wall Street analysts forecast BA stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 239.350
Low
150.00
Averages
269.14
High
298.00
Current: 239.350
Low
150.00
Averages
269.14
High
298.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rising Capital Expenditures: Boeing's capital spending surged to $4 billion in 2025, up from $2.9 billion in 2024, driven partly by the need to ensure timely delivery of fixed-price development programs, which adds additional pressure on cash flow.
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