Boeing and General Electric Strike Multi-Billion Dollar Deals

It’s raining orders for Boeing Company (NYSE:BA). Coming on the heels of the Emirates order for 777s is a massive order for aircrafts from Indonesia’s Lion Air.

The White House today announced what is being billed as the “largest commercial airplane agreement ever for Boeing (NYSE:BA)” — a $21.7 billion deal to sell 201 Boeing 737MAX and 29 Next Generation 737ER aircraft to Indonesia’s Lion Air. The agreement includes a $14 billion option to purchase another 150 jets.

This is great news for jobs. This deal is likely to support 110,000 jobs. Other deals would bring this count up to 127,000 jobs.

The White House also announced trade deals which included: Singapore Airlines’ order for eight 777-300ER wide bodied jets ($2.4 billion); Garuda Airlines plumped for 50 GE CFM56 engines ($1.3 billion) and Brunei’s order for 12 Sikorsky Blackhawk helicopters ($325 million).

The White House also said General Electric (NYSE:GE) will sell 50 engines to Indonesia’s Garuda Airlines in an agreement worth $1.3 billion.

A subsidiary of United Technologies (NYSE:UTX) will also supply 12 Black Hawk helicopters to the Royal Brunei Armed Forces Support Helicopter Project, in a deal worth $325 million.

Here’s how these stocks are trading on the news:

  • Boeing Co. (NYSE:BA): The shares recently traded at $67.02, up $0.68, or 1.03%. Its market capitalization is $49.81 billion. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 1,194,360 shares versus a 3-month average volume of 5,956,030 shares. The company’s trailing P/E is 13.26, while trailing earnings are $5.05 per share. The company pays a dividend of $1.68 per share for a dividend yield of 2.50%. About the company: The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide. The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems. Get the most recent company news and stock data here >>
  • General Electric Co. (NYSE:GE): The shares recently traded at $15.87, down $0.08, or 0.5%. Its market capitalization is $167.55 billion. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 8,981,314 shares versus a 3-month average volume of 70,878,900 shares. The company’s trailing P/E is 12.14, while trailing earnings are $1.31 per share. The company pays a dividend of $0.60 per share for a dividend yield of 3.70%. About the company: General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally. Get the most recent company news and stock data here >>
  • United Technologies Corp. (NYSE:UTX): The shares recently traded at $76.84, down $0.61, or 0.79%. Its market capitalization is $69.62 billion. They have traded in a 52-week range of $66.87 to $91.83. Volume today was 578,712 shares versus a 3-month average volume of 5,546,940 shares. The company’s trailing P/E is 14.41, while trailing earnings are $5.33 per share. The company pays a dividend of $1.92 per share for a dividend yield of 2.40%. About the company: United Technologies Corporation provides technology products and support services to customers in the aerospace and building industries worldwide. The Company’s products include aircraft engines, elevators and escalators, heating and air conditioning equipment, helicopters, aerospace systems, fuel cell systems, and fire and safety equipment. Get the most recent company news and stock data here >>

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