As of July 2024, Boeing's backlog and inventory figures are as follows: Backlog and Orders Total Backlog: 6,184 aircraft (before accounting adjustments). 737 MAX Backlog: 4,754 aircraft, which constitutes approximately 77% of the total backlog. New Orders: Boeing booked 228 gross orders in 2024, but after cancellations and adjustments (including the ASC 606 accounting standard), the net new orders stand at 186. Deliveries Year-to-Date Deliveries: Boeing has delivered 218 commercial airplanes in 2024. Recent Monthly Deliveries: In July, Boeing delivered 43 planes. Financial Implications Boeing's backlog represents a significant amount of future revenue potential, estimated to keep the company busy for several years at current production rates. The ongoing adjustments to its order book highlight challenges in maintaining order levels against deliveries. This data underscores both the opportunities and challenges Boeing faces as it navigates production and demand fluctuations in the aerospace market. how much is this in dollar value
To estimate the dollar value of Boeing's backlog, we can use an average price per aircraft based on recent sales data. Boeing's Backlog Details Total Backlog: 6,197 aircraft (as of September 2024). Average Price per Aircraft: The average selling price (ASP) for commercial aircraft can vary significantly, but a common estimate for Boeing's commercial jets is around $90 million per aircraft. This figure can fluctuate based on the model and configuration, but it serves as a reasonable baseline. Calculating the Dollar Value Using the average price: Total Backlog Value
Total Backlog Value=6,197 aircraft×90,000,000 USD aircraft
Total Backlog Value=6,197×90,000,000=558,730,000,000 USD Conclusion The estimated dollar value of Boeing's backlog is approximately $558.73 billion. This figure reflects the potential revenue that Boeing could generate from its current unfilled orders if all are fulfilled at the average price.