Boeing Gets Order for 150 Planes from United
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.…
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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
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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.
