Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Boeing : Launches New Plane as Rivalry With Airbus Continues

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/19/2017 | 11:18am CEST
By Robert Wall 

LE BOURGET, France-- Boeing Co. Monday formally launched a new version of its single-aisle jetliner to regain market share lost to rival Airbus SE.

The plane, called the 737 Max 10, is the largest of Boeing's new narrowbody planes that represent the backbone of global air travel. "Our customers told us to build it bigger," said Kevin McAllister, president of Boeing Commercial Airplanes.

Mr. McAllister said more than 10 customers have already committed to buying the plane. The deals, to be unveiled this week at the Paris Air Show, will be for more than 240 aircraft.

The plane should enter service in 2020.

Big single-aisle planes have become a sweet-spot for buyers. They cost far less than larger widebody planes and can fly attractive routes such as U.S. coast-to-coast or even some shorter trans-Atlantic hops. "We see a lot of interest from our customers," said Peter Barrett, chief executive of plane lessor SMBC.

Airbus has had a lead on Boeing in this growing and increasingly important plane segment. Around 65% of the European aircraft maker's single-aisle deals last year were for the largest version. Airbus began to deliver its rival A321neo planes to airline customers in April and has won 1,416 orders through May for its model.

Boeing, with its largest competitor, had won less than 200 orders before the introduction of the 737 Max 10. Now the U.S. plane maker is striking back.

Big narrowbodies are particularly important for future profits. Boeing and Airbus can charge a premium for the planes that are slightly larger and can hold more passengers even though they cost only a little more to produce. Airlines prize the models with added seats because it allows them to spread costs over more passengers, typically boosting returns when planes are full.

Boeing's Max 10 can seat up to 230 passengers. The Airbus plane can fit 240 passengers.

Mr. McAllister said the new plane will come with relatively low extra development costs because of its similarity to smaller versions.

Airbus isn't ready to cede its lead, though. Even ahead of the Boeing announcement, John Leahy, chief plane salesman at Airbus said his rival product will have greater range and lower per-seat costs. "They do have a slightly lower price on their airplane," he said, "but you get what you pay for."

Write to Robert Wall at robert.wall@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.56% 95.5 Real-time Quote.14.42%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING COMPANY (THE)
07:37pWhy the Pentagon Got Just One Bid to Build Next-Generation GPS Satellites -- ..
DJ
06:29pWhy the Pentagon Got Just One Bid to Build Next-Generation GPS Satellites
DJ
05:55pBOEING : Arms maker Diehl calls for harmonised export rules in Europe
RE
05:11pBOEING : U.S. Durable-Goods Orders Rose 2.6% in March -- Update
DJ
02:01pBOEING : Awarded $427 Million Defense Logistics Agency Contract
PR
01:55pEngine maker MTU Aero cautious on supply chain ramp-up
RE
01:02pBOEING : Emirates celebrates 20 years of service in Malta
AQ
11:29aBOEING : Airworthiness Directives; The Boeing Company Airplanes
AQ
11:04aBoeing plans to open new facility in China by year-end
AQ
10:38aBoeing plans to open new facility in China by year-end
AQ
More news
News from SeekingAlpha
02:41pFREEPORT-MCMORAN : Mixed Earnings Report But Still A Buy 
12:40pQ1 Update On Boeing 787 Production Balance 
10:38aBoeing awarded Defense Logistics Agency contract 
10:07aBoeing Bullish On Production Plan 
08:35aThe European Central Bank Updates, And The EU Monitors Imports (Wall Street B.. 
Financials ($)
Sales 2018 97 399 M
EBIT 2018 11 213 M
Net income 2018 9 491 M
Debt 2018 1 158 M
Yield 2018 1,95%
P/E ratio 2018 21,24
P/E ratio 2019 18,63
EV / Sales 2018 2,00x
EV / Sales 2019 1,88x
Capitalization 193 B
Chart BOEING COMPANY (THE)
Duration : Period :
Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Technical analysis trends BOEING COMPANY (THE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 388 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & EVP-Enterprise Performance & Strategy
Theodore Colbert Chief Information Officer & SVP-Data Analytics
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Sector and Competitors
1st jan.Capitalization (M$)
BOEING COMPANY (THE)11.58%193 232
UNITED TECHNOLOGIES CORPORATION-4.29%97 691
LOCKHEED MARTIN CORPORATION4.81%96 177
AIRBUS SE14.42%91 204
GENERAL DYNAMICS9.13%66 179
RAYTHEON16.48%63 125