BOEING TO INCREASE 777 PRODUCTION RATE

Dino D'Amore
By Dino D'Amore December 21, 2010 10:33

BOEING TO INCREASE 777 PRODUCTION RATE

Boeing has announced it is increasing the production rate for its 777 program. From the first quarter of 2013, Boeing will increase production to 8.3 aircraft per month.

This is the second production increase announced for the program this year. In March the program announced it would increase production from five to seven airplanes per month beginning in mid-2011.

“In response to strong customer demand globally, we are increasing our yearly production to 100 777s,” said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. “The 777 is the twin-aisle market leader because of its superior operating economics, unmatched range and preference among travelers’ needs.”

The 777 has a large installed operator base, and a track record of proven performance including 1,163 orders, 907 deliveries and a backlog of more than 250 airplanes. Suppliers are prepared to support the rate increase.

The current production rate decision is not expected to have a material impact on 2010 financial results.

Dino D'Amore
By Dino D'Amore December 21, 2010 10:33
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