Singapore jet commitment ‘major win’ for Boeing

Boeing on early Thursday announced a widebody jet order commitment from Singapore Airlines for 69 airplanes worth $23 billion at list prices.

The order commitment includes 20 Boeing 777-9s, 19 787-10s and a reaffirmed commitment for 30 additional 787-10s, Boeing said in a news release.

Even though none of the orders are firm, Baird analyst Peter Arment wrote in an investor note Thursday that the commitments are a “major win” for Boeing.

“This hotly contested campaign with Airbus secures a marquee Asian airline with more BA aircraft and provides a boost to the 777-9 program that has not had any orders in the last 20 months,” Arment wrote.

Spirit AeroSystems in Wichita manufactures major parts of both airplanes, including their forward fuselages.

This story was originally published February 9, 2017 at 10:21 AM with the headline "Singapore jet commitment ‘major win’ for Boeing."