Boeing Announces Second-Quarter Deliveries

Rhea-AI Summary

The Boeing Company (NYSE: BA) reported its second-quarter deliveries for 2020, highlighting substantial impacts from the COVID-19 pandemic. Commercial airplane deliveries totaled 20 for the quarter, significantly affected by production shutdowns. Key deliveries included 4 Boeing 737s and 7 787s. In defense, deliveries comprised 9 AH-64 Apache helicopters and 6 CH-47 Chinooks. Boeing is engaged with customers to adjust delivery schedules and remains focused on monitoring market demands to stabilize operations.

Positive

• Boeing delivered 20 commercial airplanes in Q2 2020, totaling 70 year-to-date.
• Defense deliveries remained steady, including 9 AH-64 Apache helicopters.

Negative

• Commercial airplane production faced significant disruptions due to COVID-19, impacting overall deliveries.
• The company experienced production shutdowns for several weeks.

CHICAGO, July 14, 2020 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the second quarter of 2020.

"Our commercial airplane deliveries in the second quarter reflect the significant impacts of the COVID-19 pandemic on our customers and our operations that included a shutdown of our commercial airplane production for several weeks. We have and will continue to work with our customers on specific timing and adjustment to deliveries," said Greg Smith, Boeing executive vice president of Enterprise Operations, chief financial officer and interim leader of Communications. "We continue to closely monitor the commercial marketplace by staying very engaged with our customers around the globe to fully understand short term and long term requirements. All of this is informing current and future production rates and any further adjustments as needed to balance supply and demand going forward. The diversity of our portfolio including our government services, defense and space programs will continue to provide some stability as we navigate through the pandemic and rebuild stronger on the other side."

Major program deliveries during the second quarter were as follows:

	Major Programs	2nd Quarter 2020		Year-to- Date 2020
Commercial Airplanes Programs
	737	4		9
	747	1		1
	767	4		14
	777	4		10
	787	7		36
Total	20		70
Defense, Space & Security Programs
	AH-64 Apache (New)	9		11
	AH-64 Apache (Remanufactured)	18		32
	C-40A	—		—
	CH-47 Chinook (New)	6		15
	CH-47 Chinook (Renewed)	—		1
	F-15 Models	3		3
	F/A-18 Models	4		9
	KC-46 Tanker	1		6
	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)
Bradley Akubuiro media@boeing.com (Communications)

View original content:http://www.prnewswire.com/news-releases/boeing-announces-second-quarter-deliveries-301092722.html

SOURCE Boeing

FAQ

What were Boeing's second-quarter 2020 deliveries?

Boeing delivered 20 commercial airplanes and several defense aircraft in Q2 2020.

How did COVID-19 impact Boeing's deliveries in Q2 2020?

Boeing's commercial airplane deliveries were significantly affected by production shutdowns due to the pandemic.

What is the total number of deliveries Boeing has made in 2020?

As of Q2 2020, Boeing has made a total of 70 deliveries for the year.

What types of defense aircraft did Boeing deliver in Q2 2020?

Boeing delivered 9 AH-64 Apache helicopters and 6 CH-47 Chinook helicopters during Q2 2020.