Boston, MA 10/29/2013 (wallstreetpr) – The Q3 results of this company revealed an increase in revenue of $1.16 billion when compared to last year’s increase of $1 billion. It beat the analysts’ estimate and earned $22.13 billion. Also the revenue guidance for the current year increased from $6.20-$6.40 to $6.50-$6.65.The Q3 results had a positive impact on the market since then. Apart from that the company has also got a backlog of orders to be executed that are estimated to bring revenues in the range of $415.1 billion. In separate incidents, the current deals to be made were announced.
Emirates close to signing a $30 billion deal with Boeing
The airline giant Emirates is planning on placing a $40 billion order for 100 to 175 planes of the new model 777x. Tim Clarke, President of Emirates, mentioned that the order is going to be a substantive one since Emirates is planning on expanding. Since it was one of the launch efforts of 777x that has a better engine model than 777, Boeing is rumored to provide a huge discount on its cost price.
Korean Airlines to buy 12 Boeing Planes
A week back, the American airline giant had finalized deal to provide Korean Airlines with six 777-300 extended range jetliners and five 747-8 Inter-continentals and one 787 Dreamliner for a substantial $3.9 billion. Ray Conner, CEO and President of Boeing Commercial Airplanes stated that the company was honored to liaise with its Korean counterpart as a business partner and will make sure to provide it with the best twin-aisle planes.
Lockheed Martin Team to join with Boeing for USAF bomber program
In another of its deals the company has decided to work with Lockheed Martin Corporation for competing for the USAF’s Long-Range Strike Bomber program. Boeing’s position as a contractor is perfect to bring in about twenty years of aircraft design and manufacturing expertise along with skilled workforce.
Despite the string of pipelined orders, the share price on Monday fell by 1% owing to a stabilizing effect and rested at $129.88.