Industrial Weekly: The Nuts and Bolts

Research evidence excerpt

Industrial Weekly: The Nuts and Bolts

Accessible version

Industrial Weekly

The Nuts and Bolts

Industry Overview

Trump Says China to Buy 200 BA Planes, May Rise to 750 15 May 2026

On Thursday, Trump stated that China agreed to buy 200 Boeing (BA) planes, which High Grade Credit

Bloomberg noted fell short of the 500 737 Max and additional widebody aircraft Chinese United States

airlines were expected to buy at the upper extreme of a landmark deal. Bloomberg later Aerospace/Defense, Autos, Capital

Goods, Transportationreported that Trump stated that Beijing might expand its initial commitment to 750

planes under the condition that Boeing do a “good job with the 200.” Douglas Karson

FedEx Freight to Pay Cash Dividend of ~$4.1bn to FedEx ResearchBofAS Analyst

+1 646 855 7405

FedEx (FDX) announced that its Board of Directors approved the previously announced doug.karson@bofa.com

separation of FedEx Freight. In connection with the separation and distribution, FedEx Somaia Barakah

Freight will pay a cash dividend of approximately $4.1bn to FedEx from the proceeds of Research Analyst

BofAS

the $3.7bn senior notes and borrowings under its delayed-draw term loan facility. somaia.barakah@bofa.com

Siemens Acquires Several Businesses of MERMEC Group ShaneResearchSteinlaufAnalyst

Siemens (SIEGY) said Siemens Mobility signed an agreement to acquire several BofAS shane.steinlauf@bofa.com

businesses of MERMEC Group, which operates in railway signaling, electrification,

diagnostics, and measurement technologies. The parties agreed not to disclose financial

terms of the transaction. The deal is expected to close by the end of calendar year 2026.

Market news Exhibit 1: U.S. Mutual Fund Flows

For the week ended 5/14, IG spreads were 4bp tighter, and HY spreads were 3bp tighter.