Boeing receives 241 new orders during 2010

by Jessica MCILHINNEY on October 21, 2010

The world’s largest aircraft manufacturer announced it received 241 new orders for its commercial jets leading up to September.

Boeing, the most popular plane maker, has seen a healthy third quarter booking 221 plane orders during the period. After staggering losses of $1.56bn during this same time in 2009, the jet maker bounced back in the first half of this year, recording profits of $837m.

According to Boeing, a large portion of last year’s loss can be blamed on a one-time charge due to a delay on the manufacturer’s new planes. Its newest aircraft, the 787 Dreamliner, has already suffered delays of two years.

The first 787 plane will now be delivered to Japanese carrier, All Nippon Airlines during the first quarter of 2011. Boeing’s commercial jet division, which is in constant competition with Europe-based Airbus, has logged 3,400 craft orders in its books, totalling $255bn in revenue.

Profits for the company rose by 11 per cent to $8.7bn. However, the firm’s defence division continued to drop, falling six per cent to $8.2bn.

Results of the increased profits have been well-received by investors. Boeing shares ranked among the best performers among the Dow Jones index stocks, increasing over three per cent for a closing price of $71.36.

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