Boeing Announces Third-Quarter Deliveries

Rhea-AI Summary

The Boeing Company (NYSE: BA) reported significant program deliveries for Q3 2020 amid ongoing pandemic challenges. Boeing's CFO Greg Smith emphasized the company's efforts to adapt and maintain liquidity while ensuring safety and quality. The total deliveries included 28 commercial airplanes, with the 737 leading at 3 units delivered. In defense, key deliveries comprised 7 AH-64 Apache helicopters and 4 KC-46 Tankers. Boeing's diverse portfolio remains a stabilizing factor as the company navigates market fluctuations.

Positive

• Total commercial airplane deliveries: 28 units, indicating ongoing demand amid COVID-19.
• Diverse product portfolio, including defense contracts, providing stability.

Negative

• None.

CHICAGO, Oct. 13, 2020 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the third quarter of 2020.

"We continue to work closely with our customers around the globe, understanding their near-term and longer term fleet needs, aligning supply and demand while navigating the significant impact this global pandemic continues to have on our industry," said Greg Smith, Boeing executive vice president of Enterprise Operations and chief financial officer. "We're taking actions to resize, reshape and transform our business to preserve liquidity, adapt to the new market reality and ensure that we deliver the highest standards of safety and quality as we position our company to be more resilient for the long term. Our diverse portfolio, including our government services, defense and space programs, continues to provide some stability as we adapt and rebuild stronger for the other side of the pandemic."

Major program deliveries during the third quarter were as follows:

Major Programs		3rd Quarter 2020				Year-to- Date 2020
Commercial Airplanes Programs
	737	3				12
	747	1				2
	767	6				20
	777	5				15
	787	13				49
Total		28				98
Defense, Space & Security Programs
	AH-64 Apache (New)	7				18
	AH-64 Apache (Remanufactured)	12				44
	C-40A	—				—
	CH-47 Chinook (New)	4				19
	CH-47 Chinook (Renewed)	2				3
	F-15 Models	—				3
	F/A-18 Models	5				14
	KC-46 Tanker	4				10
	P-8 Models	3				9
	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-third-quarter-deliveries-301151190.html

SOURCE Boeing

FAQ

What were Boeing's major deliveries in Q3 2020?

Boeing delivered a total of 28 commercial airplanes and several defense units, including 7 AH-64 Apache helicopters.

How is Boeing adapting to the challenges posed by the pandemic?

Boeing is resizing and reshaping its business, focusing on liquidity and maintaining safety standards.

Which commercial airplane model had the highest deliveries in Q3 2020?

The 737 model had the highest deliveries, with 3 units delivered in Q3 2020.

What is Boeing's strategy for long-term resilience?

Boeing emphasized adapting to the market reality and leveraging its diverse portfolio for long-term stability.

How many KC-46 Tankers did Boeing deliver in Q3 2020?

Boeing delivered 4 KC-46 Tankers in Q3 2020.