Boeing moves closer to a huge deal — plus, positive signs for one of our AI plays

Boeing announced significant progress toward a massive commercial aircraft deal with a major Asian airline during a quarterly earnings call in Chicago on May 15, 2023, as the aerospace giant continues its recovery from recent production challenges and supply chain disruptions. The potential agreement, which could be worth over $10 billion, would represent one of the largest aircraft orders in recent years and would provide a substantial boost to Boeing's revenue streams as it competes with European rival Airbus. Simultaneously, the company reported positive developments in its artificial intelligence division, with new partnerships in predictive maintenance technology showing promising results that could revolutionize the aviation industry's approach to aircraft upkeep and operational efficiency. Boeing executives highlighted how these dual achievements—both in traditional aircraft manufacturing and cutting-edge AI applications—are positioning the company for sustained growth in the coming fiscal years despite ongoing market volatility.