Boeing (BA) news that moved the stock

What happened

Boeing shares plunged about 9-10% on Tuesday, October 27, to roughly $171, after the company's third-quarter earnings call torpedoed expectations for a quick production recovery. Boeing reported a Q3 core loss of $0.34 per share on $24.1-24.2 billion in revenue, versus a roughly $0.21-0.25 per-share loss expected; revenue rose 4% year over year. The stock initially rose after the release, then slid once the 10:30 a.m. ET call began, falling 9.6% through 12:05 p.m. ET and more than 10% in midday trading. On the call, management said Boeing is unlikely to deliver 500 MAX jets in 2026 as expected, and does not expect to raise the monthly MAX production rate to 52 a month until late 2027 — far later than the late-2026/early-2027 timeline investors had hoped for. CEO Kelly Ortberg said the step up to 47 jets a month 'didn't go as smoothly' as the previous increase, citing wing-production challenges and engine supply issues.

What happened

FlyDubai flight FZ1073, a Boeing 737 MAX 8 (registration A6-FKF) carrying 174 passengers from Dubai to Tel Aviv, departed Dubai at 7:05 AM UAE time Wednesday and — about two hours in, near the Saudi-Jordan border — broadcast squawk 7700 (general emergency) followed by squawk 7500 (unlawful interference/hijacking), per flight-tracking data. The jet plunged from ~34,000 feet to ~17,000 feet in under a minute and diverted to Prince Sultan bin Abdulaziz Airport in Tabuk, northwestern Saudi Arabia, landing safely. According to Israeli officials, media reports, and passenger accounts, the co-pilot — reportedly an Omani national who had worked for the airline about a year — stabbed the captain in the cockpit and attempted to take control; passengers and off-duty pilots aboard helped subdue him and land the plane. Israel scrambled fighter jets and convened senior security officials as a precaution; Netanyahu's office said the situation is under control.

What happened

On Tuesday, September 29, the Department of War announced that the U.S. Navy selected Boeing to develop the F/A-XX, a sixth-generation carrier-based strike fighter, beating rival Northrop Grumman. The contract is valued at more than $20 billion for the full-scale development phase and covers multiple test aircraft for ground, airworthiness, systems, and weapons-integration testing. This is Boeing's second sixth-generation fighter program, following its 2025 win of the Air Force's F-47. Boeing shares rose about 2.3% in extended trading Tuesday; Northrop Grumman fell about 3.5-4.1%.

What happened

NBC News, citing three US officials, disclosed Monday, Sept. 28 that an Iranian anti-ship cruise missile struck a vessel in the Strait of Hormuz on Sept. 14, injuring eight US Marines (seven enlisted, one officer) with smoke inhalation and possible traumatic brain injuries; all returned to duty shortly after, and the Pentagon had never publicly announced it. The vessel was not a Navy ship — officials called it a "maritime vessel" with a battalion landing team aboard. In parallel, per Saudi Press Agency statements carried by the WSJ's Sept. 28 oil report, Houthi ballistic missiles and drones were launched toward Riyadh and Khamis Mushait; Saudi air defenses intercepted and destroyed a ballistic missile toward Khamis Mushait on Saturday. This follows the Sept. 19 Houthi missile-and-drone attack on Riyadh that set a jet-fuel depot ablaze near King Khalid International Airport, triggering flight cancellations and terminal clearances.

What happened

A US official told CNN (reported Monday, Sept. 28, by Kristen Holmes and Alayna Treene) that President Donald Trump is willing to give Iran sanctions relief and release frozen funds as part of a final deal — but only if Tehran delivers "concrete progress" on the nuclear issue. The official said the US and Iran are holding "positive and constructive discussions through the mediators" ahead of more talks expected this week, with special envoy Steve Witkoff, Jared Kushner, Vice President JD Vance, and Secretary of State Marco Rubio leading the US side. After the report hit, crude gave up nearly all of Monday's 4%+ gains — WTI reversed to a low of $91.31 and Brent to $103.80 — and US stock indexes recovered part of their early losses, though they still closed lower: S&P 500 -0.77%, Dow -0.67%, Nasdaq 100 -1.08%.