NEW YORK (TheStreet) -- Shares of Boeing Co. (BA) are up 0.05% to $131.67 after it was reported that Kuwait Airways Corp. has agreed to buy 10 Boeing jets worth $3.3 billion, according the Wall Street Journal.
That deal was worth $4.38 billion at list prices, although customers often get large discounts off the list price, the Journal said, adding that Kuwait Airways also agreed to lease 12 other Airbus Group (EADSY) jets, which would be delivered before the summer of 2015.
The news comes just in time as shares of Boeing were trading down in pre-market today after it was reported that Airbus was close to winning an order from Delta Air Lines (DAL) for as many as 50 wide-body jets valued at about $13 billion, beating competing planes from Boeing, sources told Bloomberg.
Separately, 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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."