CNBC's Phil LeBeau joins 'Squawk on the Street' with the latest news on Boeing orders from Alaska Airlines.

Alaska Airlines has announced a major order with Boeing for 110 new aircraft, consisting of 105 Boeing 737 Max 10s and five Boeing 787 Dreamliners. The order, valued at approximately $17 billion at list prices, is intended to support Alaska's expansion, particularly into international markets.

The first deliveries of the 737 Max 10 are expected in 2027, while the 787 Dreamliners will aid in growing the airline's international route network. This significant purchase comes nearly two years after Alaska's CEO criticized Boeing, marking a renewed commitment to the manufacturer.

Alaska Airlines orders 110 Boeing aircraft

Let's begin with some breaking news this morning. For that, we're going to get to Phil Lebeau in Seattle. Morning, Phil. Take a look at shares of Alaska Airlines. Why are we showing you Alaska? Alaska placing a huge, and I mean huge, order with Boeing for 120 new airplanes. The order breaks down like this. 105 737 Max Dash 10s. That's the stretch version of the 737 Max that is expected to be certified this year. First delivery is likely in 2027. They're also ordering five Boeing 787 Dreamliners as they continue to expand their international route network. When you look at Alaska's order, now, airlines never pay list price for a new aircraft. But if you look at the list prices for these 110 aircraft plus another 35 options, it comes out to approximately 17 billion dollars. Not a bad order if you are Kelly Ortberg, CEO of Boeing. By the way, Boeing ended 25 with more orders than Airbus. That is the expectation when the final numbers are announced within the next couple of days. That would be the first time in several years that Boeing outpaced Airbus in terms of orders. Ben Minacucci, CEO of Alaska Airlines, will be joining us exclusively coming up later on this morning on Money Movers. We'll talk with Ben about this order, guys. And what's most interesting is that it's almost two years, almost two years to the day from when Ben Minacucci was giving interviews after the door plug blowout. He was furious. He was fed up with Boeing. He was close to saying, you know what, we're not going to take your planes if you can't improve. Two years later, they're going to be spending list price value approximately 17 billion dollars on another 110 Boeing airplanes. Don't want to miss that interview, guys. Send it back to you. Okay, that's fantastic, Julius. Filling full disclosure in my chapter. That's a big issue in Boeing. I had John Holmes last night from AAR Corp, and they do a lot of servicing for aerospace. And he was saying, listen, Jim, don't get ahead of yourself. There really aren't any planes available until 2030. But when I listened to this order, I think that the 787s are available, right? It's not just, it's not 737s maybe in tight supply, but Boeing may actually see some of these earnings this year. And they're ramping up production, Jim. I don't know the exact cadence on the deliveries of the Alaska 787 Dreamliners, but this is an important part of this order. Yes, the 110 aircraft will get the headlines, but these five 787 Dreamliners, a little bit later on today, we're going to be seeing what they plan to do with these aircraft. It's for expanding internationally. And I know a lot of people who watch us in the United States on the eastern half of the U.S. They're not familiar with Alaska, and they think, well, that's a nice little airline out there on the west side, on the west coast. They're growing. They're growing. And Ben Minacucci is adamant that this is crucial to their future. We'll talk with him at 11. Phil, appreciate that. Big news to start the morning on the aviation front. That's what Phil...

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