Boeing (BA) and Airbus (EADSY) are still locked in a race to boost year-end orders and deliveries, as Boeing stock looks to close out 2018 with a modest gain.
X
Boeing Orders Dominate
By one measure, the rivalry between Boeing and Airbus isn't even close this time around. In the year through November, Boeing has racked up 690 net orders, while Airbus only has 380.
By comparison, Airbus notched 1,109 orders last year, helped by a massive 430-aircraft order from Indigo Partners on Dec. 28, 2017.
That last-minute deal helped Airbus pull out a stunning win for the year, topping Boeing's 2017 order tally of 912.
This year's wide gap in orders has also helped Boeing stock outperform Airbus, even as the U.S.-China trade war has weighed on the U.S. aerospace giant.
This past summer, Boeing easily topped Airbus in orders and commitments at the Farnborough Airshow.
And more recently, Boeing scored what it described as the largest ever aircraft deal ever in Africa earlier this month, agreeing to sell up to 100 737 Max jets to Nigeria's Green Africa Airways.
Boeing Deliveries Lead
Boeing kept some factories open over the holidays to try and meet its target of 810-815 deliveries this year, up from 763 in 2017. The final push for the year should help Boeing maintain its title of world's biggest planemaker.
Boeing wouldn't comment on its December deliveries. But it had delivered 704 planes for the year through November.
CFO Greg Smith said at the Baird Global Industrial Conference last month that October Boeing deliveries would be lower than normal with deliveries jumping in November and December.
The aerospace giant has had issues with fuselage supplier Spirit AeroSystems (SPR) and engine supplier General Electric (GE) during the year.
Smith said issues with Spirit were resolved, while problems with GE were to be fixed by the end of 2018.
Meanwhile, Airbus has delivered 673 aircraft through November, as it scrambles to reach its goal of 800 deliveries this year vs. 718 in 2017.
In the third-quarter, Airbus had to scale back its plan to deliver 820 aircraft over supply-chain issues.
Boeing Stock In 2018
Both aerospace giants will release official tallies for 2018 in January, so investors won't know the final score until the new year.
But another score is clear now: Boeing stock closed the year up 9.4% in 2018 while Airbus' U.S.-listed shares finished down 4% for the year.
Boeing stock is the eighth biggest gainer on the Dow Jones industrial average. Last year, Boeing stock soared 89.5%, making it No. 1 on the Dow.
On the stock market today, Boeing climbed 1.9% to finish at 322.50. Airbus dipped 0.1% to 23.78. GE rose 0.8%, and Spirit Aero climbed 1.6%.
YOU MIGHT BE INTERESTED IN:
Boeing Stock Leads The Dow Jones Industrial Average In 2017
Defense And Aerospace Stocks To Watch
Subscribe To IBD's YouTube Channel For Live Videos And Educational Content
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
The post Boeing Looks To Crush Airbus On This Yearly Score; Stock Gains In 2018 appeared first on Investor's Business Daily.
http://feedproxy.google.com/~r/BusinessRss/~3/KbmWUE9Ywao/
No comments:
Post a Comment