The Boeing Company Continues Streak of Massive Order Announcements

As the Farnborough Airshow continued, Boeing's impressive run of new order announcements and finalizations continued as it revealed another $45 billion in orders today, at list prices.

Jul 16, 2014 at 1:03PM

As the Farnborough International Airshow entered its third day, Boeing (NYSE:BA) continued its impressive stream of order announcements and confirmations today.

The largest piece of news came surrounding a number of contracts between it and Qatar Airways. The two finalized an order valued at $18.9 billion at list prices for 50 777-9X planes, which was first announced in November. (Aircraft buyers often negotiate to pay less than list prices.) The big news came from the announcement Qatar Airways has also agreed to a commitment for the purchase rights of 50 additional 777-9X planes. If exercised, that would double the order.

Qatar

Source: Boeing Media Relations

"The Boeing 777 is the backbone of our fleet and is highly amenable to the standards Qatar Airways upholds," noted the CEO of Qatar Airways, His Excellency Mr. Akbar Al Baker, in the announcement. "We look forward to building on our legacy with the next-generation 777-9X."

In addition, Qatar Airways also announced the intention to buy four 777 Freighters, with the option to buy four additional planes. The total of this agreement would stand at $2.4 billion at list prices if all eight planes were purchased.

A combination of both the 777-9X and 777 Freighter orders would have a total value greater than $40 billion in if all the options were ordered.

Boeing also revealed it and China-based Hainan Airlines are working toward finalizing the order for 50 737 MAX 8 planes, which would be valued at $5.1 billion at list prices. It must be approved by Chinese governmental authorities, but the Boeing press release noted this order reaffirmed Hainan had a "preference for an all-Boeing single-aisle fleet."

Finally Boeing revealed two smaller orders today: the finalization of an order between it and MG Aviation Limited for two 787-9 Dreamliners for $499 million at list prices, and the order placement for two 737-700Cs for $152 million at list prices by Air Algerie.

The Farnborough Airshow has been an eventful three days for Boeing, as its finalization of previous orders as well as the announcement for new ones -- and the possibility of additional orders -- now stands at a total of more than $60 billion (at list prices) following announcements Monday and Tuesday.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. And there's one small company making Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Patrick Morris has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.


Compare Brokers