Boeing Tops Airbus in Q3 Orders

MarketWatch reports Boeing booked 338 new orders in Q3, almost 100 more than Airbus' 240 orders, according to analyst Christine Min of Calyon Securities. Min attributes the wide difference in orders to Airbus' "very good" showing at the Paris Air Show in June, noting, "Boeing doesn't save up orders for the air show." Min estimates year-to-date Airbus has received 920 orders, boosted by 470 orders announced in June, compared to 887 YTD for Boeing. Seemingly large forthcoming announcements are expected for both companies, since, as Boeing CFO James Bell mentioned earlier in September, legacy carriers in the U.S. and EU "have yet to place meaningful orders, yet they will soon need to replace and modernize their fleets." Shares of Boeing lost 0.45% to $104.99 on Friday, but gained most of it back in light extended trading. Airbus parent EADS was last down 0.65% to €21.42 in midday trading in Paris.

Sources: MarketWatch
Commentary: Boeing Claims It Can Deliver 787 Dreamliner On Time • Options Trader: Plays on Dow Components • Boeing Gets $1.1B Contract, Says 787 on Track
Stocks/ETFs to watch: BA, EADS (Paris: 005730). ETFs: ITA, PPA, DDM
Earnings call transcript: Boeing Q2 2007

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