The Boeing Company Lines up $3.8B Deal and Ford Motor Company Surges in Europe

The Dow Jones Industrial Average (DJINDICES: ^DJI  )  was trading 81 points lower, or 0.48%, in midafternoon, after closing yesterday at another record high. While the Dow overall continues to do well, weakness has remained in small-cap and momentum stocks.

"From a market perspective, some of the assumptions we had coming into the year, like strengthening growth and improved revenue, haven't come through at the pace we expected, which is why you're seeing a rotation from small growth names into value and defensive ones," said Oliver Pursche, president of Gary Goldberg Financial Services, according to Reuters.

With that in mind, here are two industrial companies making headlines today.

Inside the Dow, Boeing (NYSE: BA  ) will sell 50 737 commercial aircraft to a subsidiary of China's Juneyao Airlines. The deal is estimated to be worth at least $3.8 billion and could reach as much as $5.5 billion, depending on discounts.

"We are honored to welcome 9 Air as Boeing's newest customer," said Ihssane Mounir, vice president of sales and marketing for Northeast Asia, Boeing Commercial Airplanes, in a press release. "The success of Boeing's market-leading 737 family of airplanes has proven to be a winning formula for low-cost carriers around the world. I am confident that this success will be replicated with 9 Air's low-cost business model."

9 Air is China's newest low-cost airliner and looks to become another all-Boeing company in the nation. That's a good position for Boeing to be in as the low-cost carrier market is becoming increasingly stronger and friendlier to additional start-ups.

Outside the Dow, Ford  (NYSE: F  ) said its sales in Europe rose in April, the 11th consecutive month of year-over-year sales gains. If you're counting, it's also the fifth successive month of market-share gains on the continent, according to Ford.

Starting from the top, Ford last month sold 99,700 vehicles in the company's 20 European main markets, which was a 6.6% improvement over last year's April and ahead of the industry's 4.2% growth. That increase brought Ford's market share up 20 basis points to 7.9%.

Ford's Fiesta remained the company's best-selling car in April with 29,000 registrations, its best sales performance since 2010. Sales in Europe's largest market by sales volume, the U.K., rose 11.6% last month. Ford posted equal sales results to last year in its second-largest European market, Germany, even while the overall industry was down for the month.

Despite Europe being a continued drag on Ford's earnings, the situation is definitely improving; if everything goes according to plan the automaker will break even, or post a small profit, sometime in 2015. That will be a huge deal to Ford investors who have witnessed billions of dollars being burned off its bottom line from operations in Europe. 

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