Boeing Announces Third-Quarter Deliveries

Rhea-AI Summary

The Boeing Company (BA) reported significant program deliveries for Q3 2021, emphasizing progress in operational stability, safety, and quality. Key highlights include an increase in 737 MAX deliveries, totaling 66 for the quarter and 179 year-to-date. The company is focused on thorough inspections of the 787 production system, maintaining a reduced production rate of under five airplanes monthly to ensure quality. Boeing aims to continue these efforts despite impacts on deliveries, positioning itself for long-term market recovery. The detailed financial results will be shared on October 27.

Positive

• Increased 737 MAX deliveries: 66 for Q3 2021, 179 year-to-date.
• Progress in operational stability and safety measures.

Negative

• 787 production rate remains below five airplanes per month.
• Ongoing comprehensive inspections impacting overall deliveries.

CHICAGO, Oct. 12, 2021 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the third quarter of 2021.

"We made important progress driving stability throughout our operations in the third quarter, as we prioritized safety and quality and worked to deliver for our customers," the company said.

"Our defense and services teams delivered across several key programs. In our commercial business, we increased 737 MAX deliveries in the quarter, and progressed in safely returning the 737 MAX to service in more international markets.

We are also continuing to complete comprehensive inspections across the 787 production system and within the supply chain, while holding detailed, transparent discussions with the FAA, suppliers and our customers. Production resources remain focused on inspections and rework and the 787 production rate remains lower than five airplanes per month. We will continue to take the time needed to ensure the highest levels of quality. While these efforts continue to impact deliveries, we're confident this is the right approach to drive stability and first-time quality across our operations and to position the program for the long term as market demand recovers."

The company will provide detailed third quarter financial results on Oct. 27. Major program deliveries during the third quarter were as follows:

Major Programs	3rd Quarter 2021				Year-to-Date 2021
Commercial Airplanes Programs
737	66				179
747	2				4
767	11				24
777	6				20
787	—				14
Total	85				241
Defense, Space & Security Programs
AH-64 Apache (New)	4				19
AH-64 Apache (Remanufactured)	11				42
CH-47 Chinook (New)	6				12
CH-47 Chinook (Renewed)	1				5
F-15 Models	3				11
F/A-18 Models	4				15
KC-46 Tanker	3				7
P-8 Models	5				11
Commercial and Civil Satellites	—				—
Military Satellites	—				—
Note: Delivery information is not considered final until quarterly financial results are issued.

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

View original content:https://www.prnewswire.com/news-releases/boeing-announces-third-quarter-deliveries-301398188.html

SOURCE Boeing

FAQ

What were Boeing's deliveries for Q3 2021?

Boeing reported 85 total deliveries in Q3 2021.

How many 737 MAX planes did Boeing deliver in Q3 2021?

Boeing delivered 66 737 MAX planes in Q3 2021.

What is the production rate for the 787 program?

The 787 production rate is currently below five airplanes per month.

When will Boeing release its Q3 2021 financial results?

Boeing will provide detailed financial results on October 27, 2021.