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Benzinga
Benzinga
Business
Akanksha Bakshi

UPS Orders 19 Boeing 767 Freighters

  • Boeing Co (NYSE:BA) secured an order for 19 of the 767 Freighters from United Parcel Service, Inc. (NYSE: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.
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