Boeing Scores a Double Today

Apache Block III Ceremony and First Flight
Apache Block III Ceremony and First Flight

Aircraft maker Boeing Co. (NYSE: BA) this morning announced a firm order from Turkish Airlines for 15 of the company's 777-300ER aircraft in a deal worth $4.7 billion at list price. The deal was first announced in October, but the order was not finalized. The airline also took an option for an additional five aircraft, and Boeing noted that this is the highest value order ever for Turkish airlines.

In what could be an even bigger deal for the company, Boeing has been named the preferred vendor to supply 37 heavy-lift attack helicopters to India's air force. A Wall Street Journal report said the company will supply 22 Apache combat helicopters and 15 Chinook transports. At what India calls its "acceptance of necessity cost," the deal is worth about $19.5 billion, although the final cost of the aircraft remains to be negotiated.

Boeing's shares are trading down 0.3% before the market opens this morning, at $74.40 in a 52-week range of $66.82 to $77.83.

Paul Ausick

Filed under: 24/7 Wall St. Wire, Aerospace & Defense, International Markets Tagged: BA, featured