NEW YORK (TheStreet) -- Shares of Boeing Co. (BA) are up 1.10% to $129.50 in heavy trading volume as the aerospace company is reportedly poised to win orders from two jet-leasing companies for narrow- and wide-body planes valued at as much as $9.2 billion, sources told Bloomberg.
The deals may be announced at the Farnborough Air Show tomorrow.
Air Lease Corp. (AL) may buy 20 of Boeing's 737 Max single-aisle jet and six 777 wide-bodies, while BOC Aviation Ltd. is set to commit to at least 50 of the Max jets, sources added.
TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: