The Boeing Company
) has entered into an agreement, worth $3.2 billion, with Air
Lease Corporation ("ALC") to supply 10 units of 777-300 Extended
Range (ER) airplanes.
Boeing has a long-standing alliance with ALC and aims to meet its
commitments in terms of maintaining products standard along with
delivery timing. The company has already received orders to
deliver 185 airplanes, including 78 units of Next-Generation
737s, 80 units of 737 MAXs, 12 units of 787 Dreamliners and 15
units of 777-300ERs to Air Lease Corporation.
In Jul 2012, the company received an order from ALC, with a
list-price value of $7.2 billion, to supply 60 units of 737 MAX 8
and 15 units of 737 MAX 9 airplanes along with reconfirmation
rights for 25 units of additional 737 MAXs airplanes.
The Boeing 777-300ER came into service in May 2004. It is one of
the long-range airplanes developed by Boeing to provide more
flexibility to airline companies and ensure non-stop services for
The aircrafts, with twin-engine efficiency, can accommodate
386 passengers and cover a range of 7,825 nautical miles. These
) engines, as well as extended and raked wingtips.
Boeing's 777 models are in high demand among airline operators
due to its fuel efficiency. The operating cost of these
twin-engine airplanes is 20% less than its counterparts and it
emits 22% less green house gas per seat. The company has already
delivered 1,072 units of 777s through the end of Jan 2013.
Boeing has received orders from 66 customers across the world
to deliver 1,441 units of airplanes. In full-year 2012, Boeing
delivered 83 units of 777 airplanes, 6 units more than the
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Boeing is the largest aircraft manufacturer in the world in terms
of revenues, orders and deliveries, and is one of the largest
aerospace and defense contractors in the world. Its revenues are
spread across more than 90 countries around the globe.
Boeing's presence in the commercial airplanes and defense lines
of business shield the performance of the company from U.S.
defense budget shockwaves that are currently affecting other
defense players including
General Dynamics Corporation
Lockheed Martin Corporation
Despite headwinds from the U.S. government regulations, the
company's backlog at 2012 end remained strong valued at a record
$390.3 billion, up 9.85% year over year due to its diversified
Chicago-based The Boeing Company currently has a Zacks Rank #2