We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Boeing Wins $11.3B Order from VietJet for 737 MAX Airplanes
Read MoreHide Full Article
The Boeing Co. (BA - Free Report) has won an order worth $11.3 billion at list prices from VietJet Aviation Joint Stock Company, a Vietnamese carrier, for 100 737 MAX 200 airplanes. This marks the single largest commercial airplane purchase by a Vietnamese company.
The agreement was signed between Nguyen Thi Phuong Thao, President and CEO of Vietjet and Ray Conner, President and CEO of Boeing Commercial Airplanes at the Presidential Palace in Hanoi during President Barack Obama’s visit to Vietnam.
Delivery of the airplanes will commence in 2019 and run through 2023. With this agreement, Vietjet will be able to expand its fleet to over 200 airplanes by 2023 end, incorporating the world’s most modern and advanced technology.
Nguyen Thi Phuong Thao believes that this agreement will allow Vietjet to contribute to the expanding joint trade turnover between Vietnam and the U.S. as well as to the development of the aviation industry in Vietnam.
The 737 MAX 200 is an upgraded version of the 737 MAX 8. This variant has the capacity to seat 200 passengers, an increase of 11 seats from the previous versions of the 737. The model’s fuel efficiency per seat is also 20% higher than its peers in the single-aisle aircraft market.
Boeing is the largest aircraft manufacturer in the world in terms of revenues, orders and deliveries, and is one of the largest aerospace contractors. Its revenue exposure is spread across more than 90 countries around the globe. Demand for Boeing’s commercial airplanes is on the rise due to a steady improvement in passenger and freight traffic.
We remind investors that in the first quarter of 2016, the Next Generation 737 model single-aisle jetliners proved its unfaltering popularity yet again, with the delivery of 121 airplanes. Currently, the company is producing 737 at the rate of 42 per month and it plans to ramp-up production to 47 per month in 2017, 52 per month in 2018 and 57 per month in 2019.
Boeing currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. , BAE Systems plc (BAESY - Free Report) and CAE Inc. (CAE - Free Report) , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Boeing Wins $11.3B Order from VietJet for 737 MAX Airplanes
The Boeing Co. (BA - Free Report) has won an order worth $11.3 billion at list prices from VietJet Aviation Joint Stock Company, a Vietnamese carrier, for 100 737 MAX 200 airplanes. This marks the single largest commercial airplane purchase by a Vietnamese company.
The agreement was signed between Nguyen Thi Phuong Thao, President and CEO of Vietjet and Ray Conner, President and CEO of Boeing Commercial Airplanes at the Presidential Palace in Hanoi during President Barack Obama’s visit to Vietnam.
Delivery of the airplanes will commence in 2019 and run through 2023. With this agreement, Vietjet will be able to expand its fleet to over 200 airplanes by 2023 end, incorporating the world’s most modern and advanced technology.
Nguyen Thi Phuong Thao believes that this agreement will allow Vietjet to contribute to the expanding joint trade turnover between Vietnam and the U.S. as well as to the development of the aviation industry in Vietnam.
The 737 MAX 200 is an upgraded version of the 737 MAX 8. This variant has the capacity to seat 200 passengers, an increase of 11 seats from the previous versions of the 737. The model’s fuel efficiency per seat is also 20% higher than its peers in the single-aisle aircraft market.
Boeing is the largest aircraft manufacturer in the world in terms of revenues, orders and deliveries, and is one of the largest aerospace contractors. Its revenue exposure is spread across more than 90 countries around the globe. Demand for Boeing’s commercial airplanes is on the rise due to a steady improvement in passenger and freight traffic.
We remind investors that in the first quarter of 2016, the Next Generation 737 model single-aisle jetliners proved its unfaltering popularity yet again, with the delivery of 121 airplanes. Currently, the company is producing 737 at the rate of 42 per month and it plans to ramp-up production to 47 per month in 2017, 52 per month in 2018 and 57 per month in 2019.
Boeing currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. , BAE Systems plc (BAESY - Free Report) and CAE Inc. (CAE - Free Report) , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>