No New Orders in Boeing's Order Book

Boeing (NYSE: BA  ) released its latest report on airplane orders received -- and canceled -- through June 10 on Thursday. No additions to the order count have been reported in the past seven days.

To date this year, the aerospace giant has booked:

  • 439 "gross" orders for various flavors of its 737 regional airliner.
  • seven orders for the 777 airliner.
  • one 747 order.
  • one 787 order.

No new cancellations were reported for the week, either. As a result, Boeing's 448 gross orders placed for planes to date, minus the 54 cancellations last reported, results in a net gain of 394 planes to Boeing's order book.

Last year at this time, Boeing had notched 505 gross orders and 435 net orders.

In all of 2013, Boeing booked a total of 1,531 gross new plane orders, which after cancellations resulted in a net gain of 1,355 -- the second-largest number of net new orders received in a single year, in company history.

Here near the half-year mark for 2014, the company's performance on gross and net orders suggest Boeing may be falling short of that near-record mark achieved last year. With the year nearly 50% gone, Boeing has recorded only about 29% as many gross and net plane orders in 2014 as it received in all of 2013.

Last year at this time, Boeing had received about 32% of its yearly orders.

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  • Report this Comment On June 12, 2014, at 2:55 PM, snapcap wrote:

    New plane orders spike during and shortly after the introduction of a new innovative product (787). After an initial surge (2013) demand returns to replacements for aging equipment and fleet modernization, and any increase in equipment requirements for higher traffic counts and new routes. Judging BA's performance on a near record year is a very short term approach to stock values. BA's increasing delivery schedule, increasing free cash flow, and a sustainable order book would be more appropriate for the investor.

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Rich Smith

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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8/28/2015 4:01 PM
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The Boeing Company CAPS Rating: ****