Boeing Beats Airbus in 1H14 Deliveries - Analyst Blog


Shutterstock photo

The aerospace giant The Boeing Company ( BA ) reported strong delivery numbers for the second quarter as well as the first half of 2014, beating its archrival, Airbus. This commercial aerospace behemoth is indeed flying high in spite of the many technical glitches weighing upon its popular Dreamliner model. Boeing's share price closed at $128.51 on Jul 3, reflecting a gain of 22.28% over the last twelve-month period.

During the first half of the year, Boeing delivered 342 commercial jetliners, 11.8% higher than the year-ago level. On the other hand, Airbus delivered 303 commercial planes so far this year.

In its second quarter of 2014, Boeing delivered 181 commercial airplanes, approximately 7.1% higher than the year-ago number. During the quarter, the Next Generation 737 model proved yet again its unfailing popularity, delivering 124 airplanes, followed by its 787 model with 30 deliveries. In the year-earlier period, the company had delivered 116 units of the 737 and 16 units of the 787 model. Boeing also delivered 24 777s during the second quarter 2014, while delivering 23 units in the year-ago period.

Meanwhile, Boeing's deliveries in the defense and space business numbered 47 in the second quarter 2014 compared with 31 in the comparable period last year. The breakdown includes 15 Chinook helicopters, 12 F/A-18E/F and EA-18G fighter jets and 9 Apache helicopters, as well as 4 units of F-15, 2 C-17, 2 P-8, 2 Satellites (Government & Commercial) and 1 AEW&C.

In the Commercial Airplanes business, its 787 Dreamliner despite setbacks and technical snags remains a popular choice for major airlines, roughly doubling its deliveries in the second quarter of 2014. Commercial Airplanes' 2014 deliveries are expected to be between 715 and 725 airplanes. This includes approximately 110 units of the 787.

The fourth generation of the 737 family - the 737 Max - is also a premier aircraft from Boeing's stable and sees brisk demand in the single-aisle market for its fuel efficiency and low carbon dioxide emission.

The company seems to have retained its title of the world's largest airplane manufacturer given its impressive track record in both innovation and fuel efficiency. We expect Boeing to notch up record jet deliveries in the future driven by growing passenger traffic in the Asia-Pacific region.

Boeing currently has a Zacks Rank #2 (Buy). Other well-placed players in the aerospace and defense industry include Huntington Ingalls Industries, Inc. ( HII ), General Dynamics Corp. ( GD ) and Embraer SA ( ERJ ), all carrying a rank similar to Boeing.

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

EMBRAER AIR-ADR (ERJ): Free Stock Analysis Report

BOEING CO (BA): Free Stock Analysis Report

GENL DYNAMICS (GD): Free Stock Analysis Report

HUNTINGTON INGL (HII): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
More Headlines for: ERJ , BA , GD , HII

More from


Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by