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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. 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

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