Will Boeing Regain Its Order Momentum This Quarter?
During the first half of 2017, Boeing (NYSE: BA) won a massive number of commercial aircraft orders. As of July 4, the company had captured 381 net firm orders for the year, compared to 276 net firm orders in the first half of 2016.
However, order activity has slowed since then. As of Oct. 17, Boeing's 2017 firm order total had reached 498, an increase of just 117 over the previous 3.5 months. This is probably just a temporary slowdown, though. Boeing has a good chance at surpassing 800 net firm orders by year-end, as it firms up deals negotiated at the Paris Air Show earlier this year.
Airlines, leasing firms, and aircraft manufacturers typically announce a slew of deals at the biggest air show of the year. (In even-numbered years, that's the Farnborough Airshow; in odd-numbered years, it's the Paris Air Show.) It can take a while to firm up all of those deals, though.
Source: Fool.com
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