Today, analyst Brendan Byrnes discusses how Boeing (NYSE: BA) has managed to outmaneuver Airbus in receiving orders the first half of 2012. At the Farnborough Airshow, Boeing is riding the coattails of its 737 MAX jet to an impressive order total. But Brendan cautions investors that many of these orders will not affect revenue until deliveries begin, which won't be until at least 2017 for 737 MAX orders. And of course, it's always possible that Boeing's stressed supply chain could delay the process further. That's the main reason that Boeing's impressive order total this year doesn't seem to be making its way to its share price -- investors are more concerned with the production and delivery of the planes. Taking a long-term view, though, these orders are also good news for suppliers including GE, which through its CFM International joint venture with France's Snecma is the sole engine supplier for the 737 MAX.

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