Reporting its blockbuster earnings last month, Boeing
Well, cry Boeing a river, folks, but Boeing's "problem" just got worse.
Boeing's amazing, incredible, ever-expanding tail
Over the weekend, Boeing announced that a backlog "tail" that's already reached disturbing proportions is about to get even bigger. On Sunday night, Dubai-based Emirates Airlines signed on the dotted line to acquire 50 (count 'em, 50!) of Boeing's 777 passenger aircraft.
This haul would be worth $18 billion if the planes went for list price, making it Boeing's biggest airplane sale ever already.
"7" must be your lucky number
So $18 bilion. (And another $6 billion for the engines to power them, built by General Electric
And for those keeping score at home, the 100 Boeing 777s Emirates has ordered, or intends to order, exceed the 90 orders the airline placed for Airbus's A380 superjumbo jet. It's also 100 A350 airplane orders that won't go to Airbus, as it struggles to get its new A350-1000 redesign out the door.
All in all, I'd say it's looking like a great day to be a Boeing shareholder. Investors are bidding the shares up 2% in response to the news, and they're right to do so.
Care to place a wager on when Boeing will announce its next production ramp to help keep pace with all these new orders? Add the stock to your Watchlist, and we'll keep you updated on all the most important developments.
Fool contributor Rich Smith does not own (or short) shares of any company named above. 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.