Boeing Announces Second-Quarter Deliveries

Rhea-AI Summary

Boeing Company (NYSE: BA) reported major program deliveries for Q2 2021, emphasizing advancements in its commercial and defense sectors. The company is focused on a stable recovery from the pandemic, notably increasing the pace of 737 deliveries. However, production of the 787 will be temporarily reduced due to additional rework required, with fewer than half of the undelivered 787s expected to be delivered this year. Total deliveries included 79 commercial airplanes and various defense units, showcasing a commitment to safety and quality.

Positive

• Increased pace of 737 deliveries, with 50 delivered in Q2.
• Total commercial airplanes delivered in Q2 reached 79.

Negative

• 787 production rate will be reduced temporarily to below five per month.
• Expected deliveries of undelivered 787s will be fewer than half for the year.

CHICAGO, July 13, 2021 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the second quarter of 2021.

"We continue the work to deliver on our commitments to our commercial, defense, space and services customers, while positioning our business for a stable and strong recovery from the pandemic. In the second quarter, we made progress in safely returning the 737 MAX to service in more international markets and increasing the pace of 737 deliveries," the company said.

As Boeing has previously shared, the company has been engaged in detailed discussions with the FAA on verification methodology for 787 fuselages, and conducting associated inspections and rework. In connection with these efforts, the company has identified additional rework that will be required on undelivered 787s. Based on our assessment of the time required to complete this work, Boeing is reprioritizing production resources for a few weeks to support the inspection and rework. As that work is performed, the 787 production rate will temporarily be lower than five per month and will gradually return to that rate. Boeing now expects to deliver fewer than half of the 787s currently in inventory this year.

"We will continue to take the necessary time to ensure Boeing airplanes meet the highest quality prior to delivery. Across the enterprise, our teams remain focused on safety and integrity as we drive stability, first-time quality and productivity in our operations," the company added.

Major program deliveries during the second quarter were as follows:

Major Programs	2nd Quarter 2021				Year-to- Date 2021
Commercial Airplanes Programs
737	50				113
747	1				2
767	8				13
777	8				14
787	12				14
Total	79				156
Defense, Space & Security Programs
AH-64 Apache (New)	6				15
AH-64 Apache (Remanufactured)	16				31
CH-47 Chinook (New)	3				6
CH-47 Chinook (Renewed)	1				4
F-15 Models	5				8
F/A-18 Models	7				11
KC-46 Tanker	2				4
P-8 Models	3				6
Commercial and Civil Satellites	—				—
Military Satellites	—				—

Note: Delivery information is not considered final until quarterly financial results are issued.

 

Contact:	Maurita Sutedja (312) 544-2140 (Investor Relations)
	Keely Moos (312) 544-2140 (Investor Relations)
	Michael Friedman media@boeing.com (Communications)
	Bernard Choi media@boeing.com (Communications)

 

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SOURCE Boeing

FAQ

What were Boeing's major program deliveries in Q2 2021?

Boeing delivered 79 commercial airplanes, including 50 737s, and various defense units.

How is Boeing addressing the 787 production challenges?

Boeing is temporarily lowering the 787 production rate to address additional rework identified on undelivered units.

What is Boeing's current focus regarding its recovery from the pandemic?

Boeing is focused on safely returning the 737 MAX to service and increasing production stability.

What is the expected delivery outlook for the 787 this year?

Boeing expects to deliver fewer than half of the undelivered 787s currently in inventory this year.