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Transportation

Boeing Gets Order for 150 Planes from United

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By Paul Ausick Published
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We reported this morning that Boeing Co. (NYSE: BA) was expected to announce an order today for 100 of its new 737 MAX aircraft from United Continental Holding Co. (NYSE: UAL) as the Farnborough Air Show wraps up in London. The order for the 100 new planes did materialize as promised, but Boeing also announced that United would take 50 of its 737-900ER single-aisle jets.

Today’s order from United is worth about $14.7 billion to Boeing at list prices — a total order value to Boeing second-only to a $22 billion order from Indonesia’s Lion Air last November.

Boeing also said that it had booked orders worth $35.6 billion at this week’s Farnborough show. Airbus maker European Aeronautic Defense and Space Co. (OTC: EADSY) announced that it took total orders worth $16.9 billion at the show.

Boeing’s shares are up about 0.5% at noon, at $71.85, which is respectable given that the S&P 500 index is down about -0.6% today.

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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