No New Orders in Boeing's Order Book
Boeing released its latest report on airplane orders received -- and canceled -- through June 10 on Thursday. No additions to the order count have been reported in the past seven days.
To date this year, the aerospace giant has booked:
- 439 "gross" orders for various flavors of its 737 regional airliner.
- seven orders for the 777 airliner.
- one 747 order.
- one 787 order.
No new cancellations were reported for the week, either. As a result, Boeing's 448 gross orders placed for planes to date, minus the 54 cancellations last reported, results in a net gain of 394 planes to Boeing's order book.
Last year at this time, Boeing had notched 505 gross orders and 435 net orders.
In all of 2013, Boeing booked a total of 1,531 gross new plane orders, which after cancellations resulted in a net gain of 1,355 -- the second-largest number of net new orders received in a single year, in company history.
Here near the half-year mark for 2014, the company's performance on gross and net orders suggest Boeing may be falling short of that near-record mark achieved last year. With the year nearly 50% gone, Boeing has recorded only about 29% as many gross and net plane orders in 2014 as it received in all of 2013.
Last year at this time, Boeing had received about 32% of its yearly orders.
The article No New Orders in Boeing's Order Book 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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