Join        Login             Stock Quote

Boeing (BA) Gets $14.7B Order For 737 Aircraft From United Continental (UAL)

 July 12, 2012 12:35 PM

(By Balaseshan) Boeing Co. (NYSE:BA) said it has received $14.7 billion order from United Continental Holdings Inc. (NYSE:UAL) and United Air Lines Inc. for 150 narrowbody 737 aircraft.

United Continental, the world's largest carrier, said it would purchase 100 Boeing 737 MAX 9 aircraft and 50 Boeing 737-900ER aircraft for delivery between 2013 and 2022.

United said these new aircraft would allow the company to replace older, less-efficient aircraft to reduce fuel and operating costs, enhance the customer experience and maximize network opportunities.

[Related -United Technologies Corporation (NYSE:UTX): How Pension Shift Will Drive EPS?]

United said it will begin taking delivery of 100 Boeing 737 MAX 9 aircraft in 2018, while taking delivery of 50 additional Boeing 737-900ER aircraft beginning in late 2013.

The 737 ordered by United can seat up to 180 passengers and feature the new Boeing Sky Interior. The sleek interior boasts modern lines, a spacious cabin with more headroom and LED lighting that offers vibrant color options.

The 737 MAX 9 will be powered by the new CFM International LEAP-1B engine. The aircraft is expected to achieve fuel burn and CO2 emission reductions of up to 13% compared to current 737 aircraft.

The 737-900ER will be used primarily to replace older, less-efficient Boeing 757-200 aircraft that are flown domestically and are expected to burn up to 15% less fuel per seat than the aircraft they replace. CFM56-7B engines will power the aircraft.

[Related -The Boeing Company (BA): Why You Should Look At Boeing's Defense Business?]

BA is trading up 0.49% at $71.87 on Thursday, while UAL trades down 3.71% at $23.87.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageSolar and Biotechnology Stocks Rally as Rational Exuberance Dominates

Solar stocks are rallying due to positive earnings and deals. Biotechnology stocks are also rallying due to read on...

article imageA Hefty Upside Surprise For February Payrolls

Private payrolls increased substantially more than expected in February, delivering an encouraging dose of read on...

article imageWarren Buffett’s Stellar Record In Defying Economic Gravity

One of the more intriguing observations in Berkshire Hathaway’s new letter to shareholders is Warren read on...

article imageDebate Around the 2015 Rate Hike Intensifies

Following Janet Yellen's Senate Banking Committee testimony, the Fed seems to be quite deliberate in read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.