- Boeing Co BA secured an order for 19 of the 767 Freighters from United Parcel Service, Inc. UPS, with delivery expected between 2023 and 2025. Deal terms not disclosed.
- UPS currently operates 236 Boeing freighters, including the 747, 757, 767, and MD-11.
- Boeing noted the deal adds to a solid year for freighter sales, including 80 firm orders for new widebody freighters and 80 plus orders for Boeing Converted Freighters.
- Boeing's 2021 Commercial Market Outlook forecasts an annual increase of 4% in air cargo demand over the next 20 years, and the global freighter fleet is predicted to grow by 70% by 2040.
- Price Action: BA shares are trading higher by 4.65% at $197.28 and UPS higher by 1.80% at $206.08 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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