Military
Boeing Delivered 194 Commercial Jets in Q2, Up 6% Year Over Year
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Boeing Co. (NYSE: BA) delivered 194 commercial jets in the second quarter of 2018, an increase of 11 compared to the 183 deliveries in the second quarter of 2017. Boeing delivered 763 commercial jets in 2017, and in January forecast deliveries of 810 to 815 for 2018, an increase of nearly 7% for the year.
For the year to date, Boeing has delivered a total of 378, well below half the company’s expected total for this year and up 7.4% compared to the first half of last year. At the end of the second quarter last year, Boeing had delivered 352 commercial aircraft to customers.
Of its three major products, quarterly sales of the 737 rose from 123 last year to 137, sales of the 777 fell from 21 to 13, and 787 sales rose from 33 to 38.
In Boeing’s defense, space and security division, there were no reported sales of either new or remanufactured AH-64 Apache helicopters. Sales of new CH-47 Chinook helicopters rose from four to five and sales of renewed Chinooks dropped from 19 to four.
Sales of new AH-64 Apache helicopters fell from 15 in the first six months of last year to five this year, although sales of remanufactured AH-64’s rose from 18 to 28. Sales of new CH-47 Chinook helicopters fell from 10 to four, while sales of renewed Chinooks rose from 16 to 19. Sales of F-15 fighter jets fell from seven to three, while sales of the newer F/A-18s tumbled from 12 to zero.
Here’s the rundown on Boeing’s second-quarter and first-half deliveries of commercial jets:
- 737 family: 137; 269
- 747 family: 1; 3
- 767 family: 5; 9
- 777 family: 13; 25
- 787 family: 38; 72
In the first half of 2018, Boeing has taken orders for 460 new commercial jets, more than double the 206 orders registered by arch-rival Airbus. Airbus reported first-half deliveries of 303 last week.
Boeing’s shares traded up about 1.65% shortly before the noon hour Friday, at $347.36 in a 52-week range of $204.00 to $374.48. The consensus price target is $398.13.
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