Commercial airline manufacturer
The Boeing Company
) is all set to exit 2013 on a triumphant note. Boeing's
back-to-back order wins from Hong Kong's flag carrier Cathay
Pacific is boosting its order book. Boeing exited third quarter
2013 with a backlog of 4,800 airplanes, the combined value of
which was $345 billion.
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Per the latest $1 billion order, Boeing will supply one 747-8
Freighter and three 777-300ER (Extended Range) airplanes to
Cathay Pacific. This follows orders for 21 777-9X airplanes,
placed by Cathay Pacific, on Dec 20, 2013, for $7 billion at list
The increasing demand for Boeing's commercial airplanes and
freighters comes on the back of superior quality when compared to
its peers. The 747-8 Freighter provides the best economics in its
segment. This new model can carry 16% more cargo volume than its
predecessor, the 747-400 Freighter.
777-300 ER is one of the most advanced twin-engine, long-haul
airplanes. The 777-300ER is equipped with the world's most
powerful GE90-115B commercial jet engine, and can accommodate 386
passengers in a three-class configuration with a maximum range of
7,930 nautical miles (14,685 km).
The long range flying capability and fuel efficiency have earned
its popularity among the commercial airline operators. From Jan
2013 through Nov 2013 the company received orders for 41'
777-300ER from airliners across the world.
Besides its flourishing Commercial Airplane business, Boeing
continues to win substantial defense orders. Recently, the
company received a couple of contracts, worth $661 million, from
the U.S. Department of Defense. The solid performance of the
company over the last twelve months is also reflected in its
traded price. Boeing's share price closed at $136.90 on Dec 27,
reflecting a gain of 84.1% over the twelve-month period.
Boeing currently has a Zacks Rank #2 (Buy). Other players in the
aerospace/defense sector, which also look attractive at current
Lockheed Martin Corporation
Northrop Grumman Corporation
). All these stocks carry the same Zacks rank as Boeing.