Boeing Rates as a Strong Buy

Boeing Rates as a Strong Buy

The Boeing Company [NYSE:BA] announced deliveries across its commercial and defense operations for the second quarter of 2018.

Major program deliveries during the second quarter were as follows:

Major Programs

2nd Quarter
2018

Year-to-Date
2018

Commercial Airplanes Programs

   737 

137

269

   747 

1

3

   767 

5

9

   777 

13

25

   787 

38

72

Total

194

378

Defense, Space & Security Programs

   AH-64 Apache (New)

   AH-64 Apache (Remanufactured)

6

   C-17 Globemaster III

   CH-47 Chinook (New)

5

9

   CH-47 Chinook (Renewed)

4

8

   F-15 Models

3

5

   F/A-18 Models

5

   P-8 Models

4

8

   Commercial and Civil Satellites

   Military Satellites

Contact:
Maurita Sutedja (312) 544-2140 (Investor Relations)
Ben Hackman (312) 544-2140 (Investor Relations)
Allison Bone (312) 544-2002 (Communications)
Chaz Bickers (312) 544-2002 (Communications)

The world needs to produce 43,000 new aircraft over the next two decades to meet booming demand, Boeing’s CEO forecast here on Sunday.

Dennis Muilenberg, chief executive of the US aerospace giant, revealed the outlook upgrade to reporters in London before the sector’s Farnborough Air Show starting Monday.

“We continue to see the aerospace market grow very strongly,” said Muilenberg.

“We see $8.1-trillion marketplace in the next ten years” for commercial, defence and services, he added.

“We further increased our estimates in the next 20 years.

“We expect the world to need roughly 43,000 new commercial airplanes. That’s up from last year’s estimates.”

Boeing will publish exact details of its latest outlook on Tuesday, the second day of the Farnborough event held southwest of London.

European arch-rival Airbus had forecast last week that the world’s passenger fleet would more than double to 48,000 aircraft over the next 20 years, on the back of keen demand from emerging economies and low-cost airlines.

In a revised market outlook, Airbus had put the value of nearly 37,400 new aircraft required to meet global demand at $5.8 trillion by 2037.

In 2017, Airbus had estimated the world would need 35,000 new planes by 2036, valued at $5.3 trillion.

Airbus and Boeing meanwhile continue their head-to-head dogfight at the biennial Farnborough event, locked in a battle for lucrative multi-billion-dollar jet orders.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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