United Parcel Service said it will order eight Boeing 747-400 freighters. The order, the largest for the 747 in several years, will extend the life of its production line. The deal is worth about $1.8 billion, based on list prices. Boeing says it has booked enough orders for the plane to keep the production line open until it decides whether it will launch the 747-Advanced, which will feature a fuel-efficient engine.

Related Summaries