Boeing fell 7% to about $184 after the FAA paused 737 Max 10 certification. Will BA close back above $190 by Oct 2?
58% of users predicted NO — the community missed this one. 12 predictions cast.
Boeing shares fell to about $184 in late September after the Federal Aviation Administration paused certification of the 737 Max 10 over a software issue discovered during testing, clouding the jet's delivery timeline. The stock recovered within days. On Sept. 29, the U.S. Navy awarded Boeing a roughly $20 billion contract to develop the F/A-XX, its next-generation carrier-based fighter jet, beating out Northrop Grumman for the program. Boeing shares, which closed at $187.68 that day, kept climbing and closed at $193.56 on Oct. 2, clearing the $190 threshold.
The defense win offset investor concern about the Max 10 delay because the fighter contract represents a long-term revenue stream largely insulated from the commercial-jet certification process. Boeing's defense unit has now secured both the Air Force's F-47 contract in 2025 and the Navy's F/A-XX award, giving the company visibility into fighter production into the 2030s even as its commercial side navigates renewed regulatory scrutiny.
Most Predict Six forecasters expected the stock to stay below $190, with only 42% predicting yes. The Navy contract announcement outweighed the FAA setback, and Boeing closed comfortably above that level, so the community got this one wrong.