Boeing Co BA revealed Tuesday that it was committed 30 737 airplanes from an unidentified Chinese customer at the 2016 Farnborough Airshow. According to the company, the commitment included a mix of 737 MAX, as well as, the Next-Generation 737 airplanes. The company said that the value of the commitment was over $3 billion at current list prices.
The company stated it would work closely with the customer to finalize the agreement. The airplane maker said that the order would be posted on its Orders & Deliveries website once all contingencies are cleared.
Boeing Commercial Airplanes President and CEO, Ray Conner, said, "The agreement demonstrates the confidence the market has in the 737 family of airplanes. The new airplanes will bring the leading edge of passenger comfort, efficiency and reliability in the single-aisle market to our customer."
The 737 MAX integrated the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other enhancements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The stock traded down by 1.07 percent on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
