Boeing Finalizes Purchase Agreement and 2 Dow Movers Sparking Chatter
The Boeing Company (NYSE:BA) has reached an agreement with Grupo Aeromexico, S.A.B. DE C.V. through which the latter will buy up to 90 Boeing 737 MAX narrow body aircraft. This order is subsequent to Aeromexico’s Letter of Intent to purchase as many as 100 aircraft which was announced on July 25th. Of the 90 aircraft, 60 are considered firm deliveries with the option to buy an additional 30 aircraft, subject to reconfirmation by Grupo Aeromexico. The value of the order is about $9 billion for 90 aircraft at published list prices. These new aircraft are expected to increase passenger comfort while at the same time significantly decreasing fuel costs.
Caterpillar (NYSE:CAT) expects its fiscal year 2013 revenue to be similar to the current fiscal year in a range of plus or minus 5 percent.
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Cisco Systems (NASDAQ:CSCO) reports that Turkiye Is Bankasi, which is the largest bank in Turkey, is now using a Cisco Borderless Networks and Collaboration infrastructure to improve business agility, quicken the development of products and services, and more efficiently serve its customers. The new highly secure intelligent network works for Isbank as the platform for data, voice and video communication and also links almost 25,000 employees and more than 1,200 branches in Turkey and Europe. Central to Isbank’s strategy is the availability of the same information tech capabilities, functionalities and customer-facing applications thoughout its entire branch network so as to provide the same customer experience, regardless of the size or location of individual branches.