The Boeing Company
) delivered its first next-generation 737-800 aircraft to one of
Russia's premier airline company, UTair. The 737 aircraft is
equipped with the latest technological features which will meet
the development needs of the airline and optimize their operating
The 737-800 version comes in with the new Boeing Sky Interior
which is the latest in a series of enhancements for both airlines
and passengers. Currently, UTair has 40 Next Generation 737s on
order from Boeing which are expected to be delivered in the years
The 737-800 variant has been Boeing's bestseller in the
single-aisle market and the next generation 737 family has won
orders for over 6,500 aircraft while the entire 737 family has
exceeded 11,000 orders to date. The single-aisle airplane is
popular because of its wide market base, performance efficiency
and lower operating cost.
Simultaneously, Boeing delivered the first next-generation
737-900 Extended Range ("ER") aircraft to EL AL Israel Airlines.
The increase in airline activities in the Asia-Pacific and Middle
East markets will contribute to substantial demand growth in the
The single-aisle aircraft will continue to dominate the
emerging markets as the middle-income passenger count is expected
to go up. The single-aisle fleet's share in the global market is
expected to increase from 14% to 20% by 2032. This will certainly
keep Boeing's cash register ringing in the future.
However, the company's main rival Airbus continues to pose a
stiff challenge. Boeing received a big blow as the company lost
its long-time customer, Japan Airlines Co., to Airbus for a
whopping $9 billion order.
The current government shutdown in the U.S. might also delay
Boeing's delivery of some of its commercial aircraft. Currently,
Boeing carries a Zacks Rank #3 (Hold).
However, other better-placed aerospace and defense contractors
include Zacks Ranked #2 (Buy)
Erickson Air-Crane Inc.
Northrop Grumman Corp.
Lockheed Martin Corp.
BOEING CO (BA): Free Stock Analysis Report
ERICKSON AIR-CR (EAC): Free Stock Analysis
LOCKHEED MARTIN (LMT): Free Stock Analysis
NORTHROP GRUMMN (NOC): Free Stock Analysis
To read this article on Zacks.com click here.