Boeing's Struggles Continue Despite Big 737 MAX Order
Following a big order freeze that lasted for much of 2019 and 2020, Boeing (NYSE: BA) has finally started winning more orders for the 737 MAX in 2021. The U.S. aerospace titan got its biggest 737 MAX order yet last month, as United Airlines ordered 200 more units of the troubled jet.
Unfortunately, other customers continue to reduce their 737 MAX order books, preventing Boeing from making much progress toward rebuilding its backlog. Moreover, the company recently discovered another production problem affecting the 787 Dreamliner, further disrupting its production and delivery plans. These issues highlight just how far Boeing is from returning to health.
Boeing booked 219 new firm orders in June. In addition to the huge United Airlines deal, FedEx firmed up orders for 18 additional 767 freighters and one 777 freighter. Meanwhile, Boeing delivered 45 commercial jets, with the 737 MAX accounting for 33 of those deliveries.
Source Fool.com
