Boeing Co. (NYSE:BA) received 94 orders for 737 planes from Asian carriers, counting a sale to a Singapore Airlines Ltd. (SIA) division that possess an all-Airbus SAS fleet.
SilkAir, Singapore Air’s regional wing, inked a provisional deal for 54 737s, comprising 31 of the in-development MAX 8, the carrier reported in a statement on Friday. A China Southern Airlines Co. (1055) division also booked 40 737-800s. Both agreements have a collective list price of $8.3 billion. Carriers normally get discounts.
The agreement is an enhancement for Boeing as the firm and Airbus both work on restoring their slimbody models to assist rivalry in the highest division of the global aircraft segment.
Its competitors include Lockheed Martin Corporation (NYSE:LMT) Gross margin remained 8.79% with 324.65 million of outstanding shares and Northrop Grumman Corporation (NYSE:NOC) whose gross margin remained 21.73% with 251.50 million of outstanding shares.
Other industrial goods stocks include General Electric Company (NYSE:GE) whose gross margin remained 34.95%, PulteGroup, Inc. (NYSE:PHM) with gross margin of 12.11%, Cemex SAB de CV (ADR) (NYSE:CX) with gross margin of 28.54%, Standard Pacific Corp. (NYSE:SPF) whose gross margin remained 18.62%, Beazer Homes USA, Inc. (NYSE:BZH) gross margin stayed 9.08% and D.R. Horton, Inc. (NYSE:DHI) having gross margin of 18.13%.
The Boeing Company (NYSE:BA) after opening at $73.13 hit high price of $73.34 and then trading at $72.94 by gaining +1.32% and on current session volume of 2.94 million shares is lower than its average volume of 4.01 million shares.
The stock price volatility was 1.73% for a week and 1.92% for a month as well as price volatility’s Average True Range for 14 days was 1.58 and its beta remained 1.24.
The liquidity measure in recent quarter results of the company was recorded 1.22 as current ratio and on the other side the debt to equity ratio was 1.93 and long-term debt to equity ratio also remained 1.50. The Company had total cash at hand $10.25 billion and a book value per share as $7.73 in the most recent quarter.
BA generated revenue of 76.67 billion in the following twelve months and earned $4.37 billion. The Company showed a positive 5.70% in the net profit margin and as well as in its operating margin which remained 8.38%. Company’s annual sales growth for the past five year was 2.24%.
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