Record order for Boeing

Article Excerpt

THE BOEING CO. $63 (New York symbol BA; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 743.2 million; Market cap: $46.8 billion; Price-to-sales ratio: 0.7; Dividend yield: 2.7%; TSINetwork Rating: Above Average; www.boeing.com) has received an order from Indonesia’s Lion Air for 201 of its 737 MAX passenger jet planes and 29 of its extended-range 737 aircraft. In all, this order is worth a record $21.7 billion. If Lion Air exercises its option to buy an additional 150 planes, the order’s value would rise to $35 billion. That’s equal to roughly half of Boeing’s annual sales of $68 billion. The company will deliver these planes between 2017 and 2025. Boeing is a buy. buy…