The Boeing Co.‘s (NYSE:BA) second-quarter earnings call highlighted a significant positive shift in the global trade environment, with recent agreements under the Donald Trump administration poised to alleviate tariff pressures and bolster the aerospace giant’s massive backlog of over $600 billion.
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What Happened: Despite exceeding revenue forecasts and narrowing its core loss per share to $1.24, Boeing’s stock initially saw a 4.37% dip, reflecting investor concerns that linger beyond the financial beat.
However, CEO Kelly Orford expressed optimism regarding trade developments, noting that “We’re certainly encouraged with the very recent trade deals.”
He specifically cited the “zero for zero” agreements with Japan and the European Union as being particularly helpful in reducing input tariffs, which had previously been projected to have a “less than $500,000,000 impact.”
Orford stated that if the “zero for zero” approach continues, Boeing could “be able to beat that $500,000,000 bogey that we’ve established here.”
This improved tariff landscape is expected to aid Boeing’s ability to capitalize on its robust backlog, which …