NEW YORK (TheStreet) -- The list price for Boeing's (BA) - Get Boeing Company Report commercial airplanes are staying at the same prices that was listed in 2015, as the company struggles with sluggish sales, CNBC's Phil LeBeau reported on "Closing Bell" on Tuesday afternoon.
In the past, Boeing held prices steady in 2001 and 2009 when sales were slowing and rumors of a recession picked up, LeBeau said. This year's pricing story seems to be the same.
So far this year, Boeing has sold 335 airplanes, compared to last year's total of 760 airplanes, LeBeau reported. The company had hoped to hit 760 sales again in 2016.
"This far into the year, it's looking like it may be struggling to meet that," he said.
Other reasons for the hold in pricing include Boeing's record-high back log, an effort to keep the costs of labor and suppliers down and not wanting to get in the habit of raising prices each year, LeBeau said.
For airplane buyers, there's not much pressure to say, "I need to get new airplanes" because of low jet fuel prices, LeBeau noted.
Although most airlines have placed their orders, they will not be receiving the airplanes until "well past 2020, likely in the 2022 to 2023 range," he noted.
While the list price remains the same as 2015, the final price paid when the plane is actually delivered is routinely negotiated down in the industry, LeBeau added.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Boeing as a Hold with a ratings score of C+. The primary factors that have impacted the team's rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
You can view the full analysis from the report here: BA