The end of the year was bumpy for the aerospace giant, which saw Airbus log more jet orders than Boeing in 2017, after a late surge from the European competitor in December.
Last week Boeing suffered a defeat when the U. International Trade Commission ruled against the company in its trade dispute over planes sold by its Canadian rival Bombardier. The surprise decision effectively overturned the U. Commerce Department`s recommendation that tariffs of nearly 300 percent be applied to the sale of at least 75 new Bombardier C Series jets to Delta Air Lines.
Those recent events likely won`t distract from a historic year for Boeing. The company`s stock has risen 109 percent in the last 12 months, as of Monday`s closing price of $340.
Boeing delivered a record 763 planes in 2017, one more than its previous high in 2015. At the same time, Boeing booked another 912 jet orders, bringing Boeing`s backlog at the end of the year to 5,864 commercial aircraft orders — an all-time high.
Talks of a partnership with Embraer surfaced in December. Such a venture could see Boeing and the Brazilian airplane manufacturer cooperate to strengthen the former company`s regional jet offerings. The companies cautioned in a joint release any deal would be subject to the Brazilian government, regulators and each companies` boards and shareholders.
Boeing`s stock is contributing more than 132 points to the Dow futures, making it responsible for more than half of the index`s rise on Wednesday morning. If Boeing`s 6 percent increase holds when the market opens, the company`s shares will set a new 52-week high of around $357 — beating its previous high of $352.23 hit on Jan.
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