In today's video, industrials editor and analyst Brendan Byrnes discusses the recent decision by Qantas to cancel its order for 35 Dreamliners. The order carried a list price of $8.5 billion. Brendan thinks the headline sounds worse than it actually is for Boeing. The company will be able to shift around its deliveries and has a large enough backlog that it should have minimal overall impact for the company and Boeing investors. Boeing remains an attractive stock, trading around 12 times earnings and should continue to benefit from the aerospace boom well into the future. Check out the video below for more on how the deal impacts Boeing.
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Austin Smith has no positions in the stocks mentioned above. Brendan Byrnes owns shares of United Technologies. The Motley Fool has no positions in the stocks mentioned 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.