Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Jody Knoblich
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
jknoblich@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Boeing plane deliveries accelerate in 3Q

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Associated Press
Published:
CHICAGO -- The Boeing Co. said it delivered 170 commercial planes during the third quarter as deliveries accelerated for three of its most important planes.
Compared to the same period last year, deliveries sped up for its smaller, workhorse 737, its long-range best-seller 777, and its new 787.
The pace of deliveries so far this year slowed for its super-jumbo 747, which has been a slow seller, and its 767, which is in declining use as a passenger jet but will be the basis for an aerial refueling tanker Boeing is making for the U.S. Air Force.
For the quarter, deliveries included 23 787s, bringing its total for the year so far to 40. Deliveries were halted for several months because of problems with its lithium batteries, but Boeing has said it still expects to hand over at least 60 of those planes this year.
Boeing delivered four 747s during the quarter, half as many as during the same period last year. It has slowed its production line for those planes because demand has been less than it had hoped.
Boeing has said it expects to deliver 635 to 645 commercial planes this year. Its total as of the end of September was 476, compared to 436 at the same time a year earlier.
Boeing's defense unit delivered 15 Chinook cargo helicopters and 12 jets in the F-18 fighter family. It also delivered 11 Apache combat helicopters.
Boeing shares fell $2.52, or 2.1 percent, to $115.32 in midday trading. They have fallen 4 percent since hitting a 52-week high of $120.38 on Sept. 19.
Investors have become worried about the impact of the federal government shutdown on the company. Some of Boeing's planes -- including 787s made at its new facility in North Charleston, S.C. -- need a sign-off by workers from the Federal Aviation Administration before they can be delivered, and those workers have been furloughed. That facility makes slightly more than two planes per month, so a short shutdown wouldn't automatically delay deliveries.
Story tags » Boeing

MORE HBJ HEADLINES

CALENDAR

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

Market roundup