Strong Demand for 737 Max Leads Q4 Deliveries for Boeing

Michael Wildes

Tuesday, January 11, 2022 at 05:38 PM ET

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Boeing delivered 99 jetliners, 84 of which were 737 Maxs in the fourth quarter of 2021. [Courtesy: Boeing]

Key Takeaways:

Boeing reported strong fourth-quarter 2021 deliveries across its commercial (99 units), military, and defense segments, which led to a positive market reaction and a 3 percent bump in stock price.
Despite the robust Q4, Boeing's total 2021 commercial aircraft deliveries of 340 units significantly lagged behind rival Airbus, which delivered over 600 aircraft, with Airbus's A320 alone surpassing Boeing's entire commercial output for the year.

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After a challenging year in 2021—in which its rival delivered nearly twice as many commercial airframes—Boeing (NYSE:BA) released its fourth-quarter deliveries report Tuesday. Highlights from the report include:

Boeing delivered 84 of its 737s in the fourth quarter, more than 31 percent of those sold in 2021.

Across its entire commercial fleet, which includes the 737, 747, 767, 777, and 787, a total of 99 single-aisle and widebody deliveries comprised nearly a third of the commercial deliveries for all of 2021.

Across the military and defense operations segment, 14 re-manufactured AH-64 Apache helicopters were delivered. The newer version of that helicopter also demonstrated strong demand, with nearly a third of all 2021 deliveries happening in the fourth quarter.

Six KC-46 tankers were delivered in the fourth quarter, nearly half of the 13 given to customers in all of 2021.

For the year, Boeing delivered 340 transport category airplanes, up from 157 in 2020. The company will release its fourth quarter and full-year financial results on January 26.