NEW YORK (TheStreet) -- Shares of Boeing (BA) - Get Report closed up on Thursday as the plane maker may build a larger version of its 737 aircraft to combat increasing competition from rival Airbus, which is also manufacturing a large version of its competing plane.
The company hasn't decided whether it will manufacture the larger jet, called the 737 MAX 10, said Boeing's Chief Project Engineer Michael Teal, according to Reuters.
"It is being studied and it's just a determination if we find the right solution for the customer and the timing and how much we would have to do to make that work," Teal said.
The MAX 10 would likely come out after its smaller counterpart, the MAX 7, comes out in 2019.
Boeing has already decided to enlarge the MAX 7 by adding 12 seats, Reuters reports. The company has built 10 MAX 7 planes so far and the 11th plane is currently in production.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Boeing as a Hold with a ratings score of C+. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, it also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.
You can view the full analysis from the report here: BA