Boeing [NYSE: BA] shares jumped today following the announcement of a substantial order from an undisclosed airline. The order, which includes a mix of 737 MAX and 787 Dreamliner aircraft, is valued at over $10 billion at list prices.
Details of the Order
The agreement comprises firm orders for 75 737 MAX aircraft and 20 787-9 Dreamliners. Deliveries are scheduled to begin in 2020 and continue through 2025. Boeing Commercial Airplanes CEO Kevin McAllister hailed the order as a testament to the company’s commitment to innovation and customer satisfaction.
Market Reaction
News of the order sent Boeing’s stock soaring, with shares up over 4% in midday trading. Analysts cited the size and scope of the order as a positive sign for Boeing’s future prospects. The order also provides a boost to Boeing’s backlog, which now stands at over 5,800 aircraft.
Impact on Production
Boeing has been ramping up production of its 737 MAX aircraft to meet growing demand. This new order will further support the company’s production plans and help to maintain its market leadership position. The 787 Dreamliner continues to be a popular choice among airlines seeking fuel-efficient long-haul aircraft.
- 737 MAX: 75 aircraft
- 787-9 Dreamliner: 20 aircraft
- Total Value: Over $10 billion
Boeing’s strong performance in recent years has been driven by its focus on innovation and customer service. The company is committed to delivering the best possible products and services to its customers around the world.
