Nuts & Bolts: Boeing MAX 7 Nears FAA Approval

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Nuts & Bolts: Boeing MAX 7 Nears FAA Approval

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Nuts & Bolts

Boeing MAX 7 Nears FAA Approval

Industry Overview

Boeing MAX 7 Nears FAA Approval 13 July 2026

Boeing (BA)’s 737 MAX 7 is expected to receive FAA certification later this month. The High Grade Credit

FAA is also anticipated to restore Boeing’s authority to perform final safety signoffs on United States

newly produced 737 aircraft, marking further progress in the company’s regulatory Aerospace/Defense, Autos, Capital

Goods, Transportationrecovery efforts.

Douglas KarsonHoneywell Updates 2026 Guidance for Reverse Stock Split

Research Analyst

Honeywell Technologies (HON) updated its FY26 and 2H26 guidance to reflect the BofAS

impact of its 1-for-2 reverse stock split, effective June 29. The transaction reduced +1doug.karson@bofa.com646 855 7405

outstanding shares from 634 million to 317 million, resulting in revised weighted Somaia Barakah

average diluted share counts and corresponding adjusted EPS guidance. Research Analyst

BofAS

somaia.barakah@bofa.comLockheed Martin Acquires Ultra Maritime for $3.45bn

Lockheed Martin (LMT) agreed to acquire Ultra Maritime from Advent International for Shane Steinlauf

$3.45bn, expanding its anti-submarine warfare and maritime defense capabilities. Ultra BofAS

Maritime’s portfolio includes sonar systems, sonobuoys, torpedo defense technologies, shane.steinlauf@bofa.com

and autonomous maritime sensing platforms, which will be integrated into Lockheed

Martin’s Rotary & Mission Systems segment.

Market news

For the week ended 7/9, IG spreads were unchanged, and HY spreads were 4bp tighter.

The 5yr, 10yr, and 30yr treasury yields increased 4bp, 5bp, and 7bp respectively. The

Exhibit 1: U.S. Mutual Fund FlowsS&P 500 was +0.8% on the week and +10.7% YTD.