Boeing Lands $135 Billion in Contracts for 2017

Daily Herald (Arlington Heights, IL), January 10, 2018 | Go to article overview

Boeing Lands $135 Billion in Contracts for 2017


Byline: Julie Johnsson Bloomberg

Boeing Co. landed 912 jetliner orders last year with a list value of $134.8 billion, as surging sales of its highly profitable 737 and carbon-composite 787 Dreamliner quieted concerns of an aerospace slowdown.

The Chicago-based planemaker delivered a record 763 commercial aircraft, in line with a company forecast, according to a statement Tuesday. The results exceeded Boeings assurances that sales would roughly equal factory output.

The totals provide a gauge of the companys financial success, since the bulk of an aircrafts payments are made at delivery. The tally also will help determine bragging rights with rival Airbus SE, which will reveal its full results next week. While Boeing led for most of 2017, the European manufacturer received 705 orders in a late December wave that pushed its sales past 1,000 jetliners for the year.

"By every measure, it was an extraordinarily good year for us," Randy Tinseth, a Boeing marketing vice president, told reporters during a conference call. "Im sorry for the lack of drama, but the team performed extraordinarily well. …

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Boeing Lands $135 Billion in Contracts for 2017
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