Boeing's Commercial Order Book Contains a Special Gift From the U.S. Navy
Boeing on Thursday released its latest report on airplane orders received -- and canceled -- through late February, showing an increase in the latest week.
To date this year, the aerospace giant has booked:
- 98 "gross" orders for various flavors of its 737 regional airliner.
- Four orders for the 777 airliner.
- One 747 order.
- One 787 order.
No new order cancellations have come in since last week. So after subtracting the (still) 12 orders for single-aisle 737s lost so far this year, Boeing is left with 92 net orders booked to date in 2014 -- 16 more than last week.
The real story here is where those 16 orders for supposedly civilian 737s came from: the U.S. Navy. On Tuesday, the Navy awarded Boeing a contract to supply 16 of the company's new P-8A Poseidon Multimission Maritime Aircraft, a sub-hunting aircraft built upon a 737 fuselage.
These 16 737s, which appeared in the order book for Boeing's commercial airplanes division this week, will in the months to come shift over to the "deliveries" page for the airplane manufacturer's defense, space and security division.
The article Boeing's Commercial Order Book Contains a Special Gift From the U.S. Navy originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
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