Benzinga | Nov 15, 2021 10:49AM EST

Boeing Books Multiple Orders For Freighters; Inks MoU With Titanium Supplier

* Boeing Co (NYSE:BA) received an order for two 777 Freighters from Emirates at the 2021 Dubai Airshow, valued at more than $704 million at list prices.

* The freighters will be operated by Emirates SkyCargo, which currently operates an all-Boeing fleet of 10 777 Freighters and carries cargo on Emirates' 134 777 passenger airplanes.

* Separately, DHL Express placed a firm order for nine more 767-300 Boeing Converted Freighters (BCF). DHL has taken delivery of seven of a batch of eight 767-300BCF leased to DHL partner airlines in the Middle East and Latin America.

* The 767-300BCF has more than 100 orders and commitments to date.

* Also, Boeing recently announced plans to add three conversion lines for 737-800BCF across North America and Europe. The company also signed a firm order with Icelease for eleven freighters as the launch customer for one of the new conversion lines.

* Next year, Boeing plans to open one conversion line at Boeing's London Gatwick Maintenance, Repair & Overhaul (MRO) facility and two conversion lines in 2023 at KF Aerospace MRO in Kelowna, British Columbia, Canada.

* Boeing forecasts 1,720 freighter conversions will be needed over the next 20 years to meet demand.

* Boeing signed a Memorandum of Understanding (MOU) affirming that Russian titanium producer VSMPO-AVISMA will remain the largest titanium supplier for current and future Boeing commercial airplanes.

* Titanium parts from VSMPO-AVISMA are used on Boeing 737, 767, 787, 777, and 777X airplanes.

* Price Action: BA shares are trading higher by 2.55% at $226.6 during the premarket session on Monday.