Boeing Rings Up 3 Orders as Calendar Flips to 2022
In 2021, Boeing (NYSE: BA) continued to lose money and burn cash, weighing on the company's shares. That said, the aerospace giant's performance did improve in one respect last year, as order activity for its commercial jets rebounded.
Boeing has reported several additional order wins recently, which will bolster its full-year order total, set to be revealed this week. Nevertheless, the company's critical commercial airplanes business still seems unlikely to make a full recovery in the years ahead.
In the first 11 months of 2021, Boeing recorded 829 gross orders for commercial jets. Net of cancellations and accounting adjustments, it booked 457 orders. While these results would have been considered subpar a few years ago, they marked a welcome change from 2019 and 2020, when Boeing's order backlog shrank dramatically.
Source Fool.com
