Boeing, UPS announce jumbo order

• Tossing a lifeline to the venerable jumbo jet, UPS (UPS -1.2%) is ordering 14 Boeing (BA -1.1%) 747-8 airplanes and holds options for another 14 of the air freighters.
• The deal is valued at $5.3B based on list prices and almost doubles Boeing’s current backlog of 15 unfilled 747 orders.
• The planemaker in July said it was slowing 747 production output to six aircraft a year and would have to end the program if new orders didn't materialize.