Boeing (BA) will announce its end of the year order and delivery tally Tuesday as European rival Airbus (EADSY) reportedly hit its 2018 delivery target.
Boeing Deliveries Target In Sight
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 aerospace giant had issues with fuselage supplier Spirit AeroSystems (SPR) and engine supplier General Electric (GE) during 2018.
In October, Boeing CFO Greg Smith said issues with Spirit AeroSystems were resolved. Boeing expected to fix problems with GE by the end of 2018.
Boeing Stock Jumps On China Trade Talks
Boeing shares jumped 2% to 334.53 on the stock market today, buoyed by optimism of China trade talks. Boeing stock was trying to reclaim its 50-day moving average.
Airbus' U.S.-listed shares popped 4.3%. GE stock dipped 0.2%. Spirit AeroSystems stock climbed 1.3%.
Boeing Orders Soar Past Airbus
Record December deliveries helped Airbus hit its target to deliver 800 aircraft this year, sources told Reuters.
On the order front, Boeing has racked up 690 net orders through the end of November, while Airbus orders totaled only 380. Earlier this week, Boeing said that it has now racked up more than 2,000 orders for its 777 after securing 17 net orders for the widebody jet in December.
Airbus is expected to release 2018 order and delivery data on Friday.
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The post Boeing To Announce 2018 Orders, Deliveries As It Looks To Keep Biggest Plane Maker Title appeared first on Investor's Business Daily.
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