Military

Boeing Adds 8 737s to Order Book

courtesy of Boeing Co.

In its most recent report on new orders, Boeing Co. (NYSE: BA) reported that as of April 12 the company has received net new orders totaling 130 jets in 2016. The only change since Boeing’s last report is the addition of eight new orders for 737s from an unidentified customer or customers.

Nearly 17% (958) of Boeing’s total backlog of 5,740 (as of March 31) is headed for unidentified customers. Boeing’s backlog shows 3,090 unfilled orders for the new 737 MAX out of a total of 4,380 orders for all versions of the single-aisle plane. The total includes one business jet.

Unfilled orders for the 747 and 747F freighter total 23 while orders for the 767 total 80. Of the 767 orders, 76 are for freighter versions of the plane.

The order backlog for the 777-300ER totals 165 planes, with another 40 777F freighters also in the mix. The new 777X, due for deliveries beginning in 2020, accounts for 306 orders. Boeing has been trying to pull in its delivery date on the 777X by as much as six months, aiming to get the plane to customers in late 2019.


The company’s 787 Dreamliner sports a total of 746 orders, of which 140 are for the smallest 787-8 model and 453 orders have been taken for the 787-9. The 787-10, which is not scheduled for first deliveries until 2018, accounts for 153 orders.

Boeing’s shares traded down less than 0.1% Thursday afternoon, at $131.09 in a 52-week range of $102.10 to $154.09. The consensus price target on the stock is $137.95.

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