Boeing Announces Fourth-Quarter Deliveries
The Boeing Company (NYSE: BA) reported significant program deliveries for Q4 2020 amid the global pandemic. Key highlights include the resumption of 737 MAX deliveries and comprehensive inspections of 787 airplanes to ensure quality. In total, Boeing delivered 59 commercial airplanes in Q4 and 157 for the year, with deliveries across the 737, 747, 767, 777, and 787 models. Defense operations also saw deliveries including 1 new AH-64 Apache and 6 F/A-18 models. Boeing emphasized its commitment to safety, quality, and adapting to market demands while planning for a transformative 2021.
- Resumed 737 MAX deliveries, marking a key operational milestone.
- Total commercial airplane deliveries of 59 in Q4 2020 and 157 for the year indicate recovery efforts.
- Continued inspections of 787 airplanes to uphold quality standards, ensuring long-term program health.
- Limited 787 deliveries for the quarter due to inspections may impact short-term revenue.
- Overall delivery numbers remain significantly affected by the global pandemic.
CHICAGO, Jan. 12, 2021 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the fourth quarter of 2020.
"Through the global pandemic, we took meaningful steps to adapt to our new market, transform our business and deliver for our commercial, defense, space and services customers in 2020," said Greg Smith, Boeing executive vice president of Enterprise Operations and chief financial officer. "The resumption of 737 MAX deliveries in December was a key milestone as we strengthen safety and quality across our enterprise. We also continued comprehensive inspections of our 787 airplanes to ensure they meet our highest quality standards prior to delivery. While limiting our 787 deliveries for the quarter, these comprehensive inspections represent our focus on safety, quality and transparency, and we're confident that we're taking the right steps for our customers and for the long term health of the 787 program. As we continue navigating through the pandemic, we're working closely with our global customers and monitoring the slow international traffic recovery to align supply with market demand across our widebody programs. In 2021, we'll continue taking the right actions to enhance our safety culture, preserve liquidity and transform our business for the future."
Major program deliveries during the fourth quarter were as follows:
Major Programs | 4th Quarter | Year-to- | |||||
Commercial Airplanes Programs | |||||||
737 | 31 | 43 | |||||
747 | 3 | 5 | |||||
767 | 10 | 30 | |||||
777 | 11 | 26 | |||||
787 | 4 | 53 | |||||
Total | 59 | 157 | |||||
Defense, Space & Security Programs | |||||||
AH-64 Apache (New) | 1 | 19 | |||||
AH-64 Apache (Remanufactured) | 8 | 52 | |||||
C-40A | — | — | |||||
CH-47 Chinook (New) | 8 | 27 | |||||
CH-47 Chinook (Renewed) | — | 3 | |||||
F-15 Models | 1 | 4 | |||||
F/A-18 Models | 6 | 20 | |||||
KC-46 Tanker | 4 | 14 | |||||
P-8 Models | 6 | 15 | |||||
Commercial and Civil Satellites | — | — | |||||
Military Satellites | — | — | |||||
Note: Delivery information is not considered final until quarterly financial results are issued.
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Contact: Maurita Sutedja (312) 544-2140 (Investor Relations)
Keely Moos (312) 544-2140 (Investor Relations)
Michael Friedman media@boeing.com (Communications)
Bradley Akubuiro media@boeing.com (Communications)
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SOURCE Boeing
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