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Boeing Sets Records for Airplane Orders in 2006

Analysis

Seattle (BOEING) - The Boeing Company [NYSE: BA] recorded 1,044 net commercial airplane orders during 2006, and for the second year in a row set a Boeing record for total orders in a single year.

The 2006 total surpasses the previous Boeing record of 1,002 net orders in 2005. Gross orders in 2006, which exclude cancellations and conversions, totaled 1,050. Boeing recorded 1,029 gross orders in 2005.

"2006 was another outstanding year for our customers and for Boeing," said Scott Carson, Boeing Commercial Airplanes president and chief executive officer. "Beyond the order totals, we are very excited about the breadth and depth of our 2006 order book. We have secured significant orders from customers around the globe and across our product line as we continue to build a strong, well-balanced backlog."

For the second consecutive year, the 737 program achieved a record with net orders of 729 airplanes. The previous record total for the 737 program was 569 in 2005.

Boeing also had a strong year across the board in twin-aisle commercial airplanes: 157 orders for the 787 Dreamliner program, 76 orders for 777s, 10 orders for 767s, and 72 orders for 747s -- the highest total for the 747 program since 1990 and fifth highest in the history of the program.

Boeing has posted its year-end orders information on its Orders and Deliveries Web site http://active.boeing.com/commercial/orders/index.cfm.

Among the orders finalized since the Dec 21, 2006, update were a 25-airplane order of 737s, 777s, and 747s for Korean Air; six 737s for Xiamen Airlines; 10 787s for Jet Airways; 60 737s for Air Berlin; 10 737s for Delta Airlines; and a number of additional orders from unidentified customers.

In 2006, 76 different customers ordered Boeing airplanes, including passenger airlines, cargo carriers, leasing companies, and private customers.

"The strong orders for the past two years are a validation of our strategy of focusing on our customers, simplifying our product and services offerings and transforming our production system," Carson said. "We're bringing the right products and services to the market at the right time, and we remain intensely focused on our customers, on delivering on our promises and on addressing the needs of the marketplace."

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