Boeing: Orders Fall Short Of Guidance - News Summed Up

Boeing: Orders Fall Short Of Guidance


The company managed to rake in close to 668 orders in 2016, falling short of the 2015 figure by 13%. Additionally, the fact that the orders total lags the deliveries total in 2016 means that Boeing’s backlog of unfulfilled orders dropped by eighty, marking a fall for the first time in seven years. At list prices, the total number of orders in 2016 would ideally bring the company close to $94 billion in revenues. The company ended the year with 58 net orders for the 787 and only 17 net orders for the 777. Analysts expect 777 deliveries to decrease to about 3.5 a month in 2018, as the successor 777X model enters production.


Source: Forbes January 11, 2017 19:33 UTC



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