Record deliveries in 2013 for Boeing

<p>Boeing delivered a record number of planes in 2013.</p>

Stocks in Boeing are up today (January 7th) after the company announced that it delivered a record number of planes to the commercial market in 2013.

The firm revealed that over the course of the year, it set a company record in 2013 for the most commercial airplanes delivered in a single year, with 648, giving it a boost over its main rival in the sector Airbus.

It was also announced by the company that it booked 1,531 gross commercial orders in 2013, which was hailed as a new company record, as well as 1,355 net commercial orders in 2013, which was the second-largest number in Boeing's history.

Boeing Commercial Airplanes president and chief executive officer Ray Conner stated that the company performed "extremely well" during the course of last year.

"We delivered more advanced, fuel-efficient airplanes to our customers than ever before and it's a great example of what our team can accomplish," he said.

Plane orders

Boeing announced that in 2013 its 737 programme delivered 440 Next-Generation 737s, while the 777 programme delivered 98 airplanes and the 787 team delivered 65 Dreamliners, which are now flying with 16 customers around the world.

New models were also released by the manufacturer in the last 12 months, with the 777X launched in November at the Dubai Air Show. Some 259 orders and commitments worth more than $95 billion at list prices have already been confirmed for the plane. Boeing also launched the 787-10 Dreamliner, which the firm claims is the most fuel-efficient jetliner in history, at the Paris Air Show in June.

"The year ahead will be exciting as we prepare to deliver the first 787-9, continue the design work on our newest programmes – the 737 MAX, 787-10 and 777X – while increasing our production rates on the 737," said Mr Conner.

Following the announcement, the share price of Boeing rose by 0.57 per cent to reach 138.41, which is close to a new 52-week high for the company's stocks.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.