A $715B Order Book and Fighter Jet Wins: Time to Buy Boeing (BA)?

What happened: Boeing won the US Navy F/A-XX fighter contract, its second sixth-generation fighter win after the Air Force F-47, while commercial deliveries rose and its backlog hit a record. Key numbers: Q2 backlog $715 billion, Commercial Airplanes $596.7 billion covering over 6,200 jets. Why it matters: The content says the stock already reflects much of the recovery, so a certification delay or stalled production ramp would make the multiple harder to defend. It notes persistent commercial execution risks and that Commercial Airplanes still is not making money.

Boeing won the US Navy F/A-XX fighter contract, its second sixth-generation fighter win after the Air Force F-47, while commercial deliveries rose and its backlog hit a record.

The content says the stock already reflects much of the recovery, so a certification delay or stalled production ramp would make the multiple harder to defend. It notes persistent commercial execution risks and that Commercial Airplanes still is not making money.