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MarketScreener Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

BOEING COMPANY (THE)

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Boeing Ends Airliner Order Drought as Korean Air Commits to Buy Dreamliners

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06/18/2019 | 07:01am EDT

By Robert Wall and Andrew Tangel

LE BOURGET, France--Boeing on Tuesday secured a commitment from Korean Air to buy 787 Dreamliners, putting behind it a two-month airliner-order drought in the wake of the grounding of its 737 MAX fleet.

Boeing entered the Paris Air Show with a negative 125 net orders for this year, reflecting light new bookings and a raft of cancellations, including from India's financially struggling Jet Airways (India) Ltd (532617.BY). It hadn't any new orders in April or May.

The biennial Paris Air Show is typically a place for plane makers to showcase new products and rack up large airliner orders. But this year Boeing has had to balance that with handling the aftermath of the two 737 MAX crashes in October and March that killed a total of 346 people and have idled the fleet world-wide as it works on a fix.

Boeing said Korean Air would introduce 20 of the largest version of the Dreamliner, the 787-10, and 10 more slightly smaller 787-9s. The deal has a value of $6.3 billion before industry-standard discounts. Some of the planes are being acquired by plane-rental firm Air Lease Corp and placed with the Asian carrier.

Rival Airbus SE on Tuesday also continued its order haul, including for its newly launched A321XLR introduced at the Paris Air Show on Monday.

Philippine budget carrier Cebu Pacific on Tuesday said it ordered 10 of the new planes, with first delivery in 2024, along with 16 A330-900 widebody and five A320neo single-aisle jets.

Saudi Arabian Airlines added to an earlier A320neo deal, taking as many as 100 of the planes, including 15 A321XLR, Airbus said.

Write to Robert Wall at robert.wall@wsj.com and Andrew Tangel at andrew.tangel@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AIR LEASE CORP 2.05% 41.8 Delayed Quote.38.36%
AIRBUS SE -0.48% 131.98 Real-time Quote.57.96%
BOEING COMPANY (THE) 0.04% 373.53504 Delayed Quote.3.18%
BOEING COMPANY (THE) -0.09% 373.07 Delayed Quote.15.79%
JET AIRWAYS (INDIA) LTD -1.00% 44.35 End-of-day quote.-84.02%
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Financials (USD)
Sales 2019 88 111 M
EBIT 2019 3 748 M
Net income 2019 2 819 M
Debt 2019 10 100 M
Yield 2019 2,14%
P/E ratio 2019 75,4x
P/E ratio 2020 14,7x
EV / Sales2019 2,50x
EV / Sales2020 1,74x
Capitalization 210 B
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Technical analysis trends BOEING COMPANY (THE)
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 417,91  $
Last Close Price 373,07  $
Spread / Highest target 34,0%
Spread / Average Target 12,0%
Spread / Lowest Target -19,6%
EPS Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Corporate Development & Strategy
Theodore Colbert Chief Information Officer & SVP-Data Analytics
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Sector and Competitors
1st jan.Capitalization (M$)
BOEING COMPANY (THE)15.79%209 901
AIRBUS SE57.96%114 079
TEXTRON8.24%11 587
DASSAULT AVIATION3.72%11 360
EMBRAER-10.84%3 805
AVIC HELICOPTER CO LTD11.38%3 565