Boeing caps 2017 with record deliveries, backlog

Boeing capped a huge year in 2017 by delivering a record number of commercial airplanes. The aerospace giant delivered 763 planes, one more than its previous high set in 2015.

The company said the item booked orders for 912 commercial airplanes, which is actually the seventh highest annual total for the company. Those orders pushed Boeing’s backlog at the end of 2017 to 5,864 commercial airplanes, an all-time high. The backlog of orders totals seven years’ worth of production.

Boeing’s deliveries met the company’s guidance of delivering 760-765 commercial airplanes for the year. The company says the item also means a sixth straight year where Boeing will deliver more planes than its rival Airbus. The European Aerospace company is actually likely to announce its year-end delivery as well as order numbers next week.

Boeing shares were recently trading up 1 percent.

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