Boeing Co. (NYSE: BA) announced this morning that it delivered 202 commercial jets in the third quarter, well above the 169 it delivered in the first quarter and the 183 the company delivered in the second quarter. For the first three quarters of the year Boeing has delivered 554 commercial passenger airplanes.
The company also announced this morning that it has signed an agreement to acquire Aurora Flight Sciences Corp., a firm that specializes in autonomous systems and electric propulsion systems. The terms were not disclosed and Aurora will operate under Boeing’s engineering, test, and technology group.
In addition to delivering 202 airplanes last quarter, Boeing also added 127 new orders to its backlog.
Here’s the run-down of Boeing’s third quarter and year-to-date deliveries, by family:
- 737 family: 145; 381 year-to-date
- 747 family: 4; 8
- 767 family: 2; 7
- 777 family: 16; 58
- 787 family: 35; 100
Boeing delivered 748 commercial jets in 2016 and in January forecast deliveries of 760 to 765 for 2017, roughly equal to the 762 planes it delivered in 2015. To meet the low end of that forecast Boeing needs to deliver 206 commercial jets in the fourth quarter. Last year the company delivered 185 planes in the fourth quarter.
In Boeing’s defense, space, and security division, the company delivered 3 new and 15 remanufactured AH-64 Apache helicopters; 2 new and 9 renewed CH-47 Chinook helicopters; 4 F-15 fighters; 6 F/A-18 fighters, and 5 P-8 reconnaissance planes.
Boeing’s stock traded up about 0.7% late Thursday afternoon at $257.64 in a 52-week range of $131.39 to $259.30. The 12-month consensus price target on the stock is $268. 85.
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