McNerney confident of 2011 order momentum

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Despite global economic woes Boeing is confident that it can maintain its order momentum until the end of the year.

Speaking on the airframer's third-quarter earnings call, chairman, president and CEO Jim McNerney said it expected its "order traffic to remain strong through year end".

The company is expecting a book to bill ratio of above one, he said.

During the third quarter it received 310 orders for the 737NG and a further 125 orders for the passenger and freighter variants of the 777.

It is also in talks with a number of customers for its 737 Max, he added.

Its commercial aircraft backlog now stands at $273 billion, with $20 billion of orders received during the quarter.

Two-thirds of its orders are from outside the US and EU, he noted.

The company continues to monitor the European sovereign debt crisis, but sees this as having little impact on available financing for its aircraft, he said.