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Stock Investing Course Winning the battle over rival Airbus, Boeing said Tuesday that Spain's Air Europa had ordered three of its 737-800 airplanes.

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Journal Prime Rate Street Wall Dec 28, 2004 (AXcess News) Chicago - Winning the battle over rival Airbus, Boeing (NYSE: BA) said Tuesday that Spain's Air Europa had ordered three of its 737-800 airplanes.

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Stock Market News The deal comes at a time when Boeing is under pressure from European rival Airbus SAS who had secured a commitment from Air Europa to buy ten A350s worth about $2 billion at list prices.

Stock Investing Basics Airbus' A350 is a direct competitor to Boeing's new 7E7, which is scheduled to enter service in 2008.Tuesday's order for the three 737-800s is worth $195 million.

Stock Investing Software Boeing said the planes are scheduled to be delivered beginning in January 2006.Air Europa, a division of Globalia Corp., already operates 25 737-800s and plans to receive two more in early 2005 from a previous order.Last week Boeing said Japan Airlines was interested in ordering up to 50 of its new 7E7s. The airline had placed an order for 30 of the fuel-efficient 7E7 Dreamliners and is holding an option for 30 more.Advertisement

Stock Market Trading Investors took the news of Air Europa's order in stride with shares of Boeing off 2 cents at $53.13 at 2:54pm ET Tuesday.

Stock Investing For Dummy In other news, Boeing said the Aeronautical Systems Center at Wright-Patterson Air Force Base has awarded a contract to Boeing Co. to develop a global positioning system for in-flight fueling of aircraft.The contract is valued at $14.9 million, according to the U.S. Defense Department.

Stock Market Crash Boeing said it will design and implement the positioning system for aerial refueling and ready it for flight testing. The work is to be completed by February 2008.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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