10.07.2013 - Boeing signed a contract to sell 150 planes
American aircraft giant Boeing and Emirates Airlines Company completed negotiations on the order of 150 aircraft of 777Xs series, the production of which is the main driver of growth in the company's stock recently. The cost of the contract is $ 56 billion. It is worth recalling that the primary contractual arrangement was reached in November 2013 at an air show in Dubai. Start of production of aircraft series will begin in 2017, and the first deliveries will take place in 2020.
Furthermore, the additional demand for the company's shares is supported by the increase in military orders due to the deterioration of relations between Russia and the West, after the annexation of the Crimea. We maintain a long-term positive outlook on the stock and recommend to include it in the long-term portfolio with growth potential of 20-25% per annum.