Boeing upbeat on 787 rate increase, mum on 787-10 launch

Boeing Co. executives Pat Shanahan and Larry Loftis gave an update on the 787 program Monday on a conference call for RBC Capital Markets.

Here are some key points from the call:

• Boeing has delivered 35 787s so far this year and 38 since delivering the first Dreamliner in September 2011.

• The company is still on track to increase production to 10 787s monthly from five monthly currently. By mid-2013, Shanahan predicted, Boeing will be building at a pace of seven 787s monthly.

• Boeing’s Everett site will produce about 70 percent of the 787s while its North Charleston site will assemble 30 percent, Loftis said.

• Boeing employees in Everett will continue work into 2015 to bring early-built 787s up to delivery standard.

• Final assembly of the first 787-9 should begin in late spring or early summer 2013, with flight testing in the fall. Boeing still expects to deliver the first 787-9 in early 2014.

• On the 787-10, “we still have some work to do before we’d be willing to launch the airplane or have the authority to launch the airplane,” Loftis said.

Boeing is confident of the larger Dreamliner’s technical performance but, financially, the company wants to be “very measured,” Shanahan said.

It’s unlikely the 787-10, once launched, would enter commercial service until the “back end” of the decade, Loftis said.

More in Herald Business Journal

Amazon lists 20 finalists for HQ2, and no, we aren’t on it

Los Angeles was the only West Coast city listed. They seem to like the nation’s capital.

Strange and wonderful creatures come through door of Bothell clinic

At the Center for Bird and Exotic Animal Medicine, vets treat snakes, hedgehogs and even kangaroos.

Emirates orders 20 more Airbus A380 jumbos, saving program

The Dubai carrier also has options to buy 16 more. The program seems safe until 2029.

How do you retrieve an errant Boeing 737 from a muddy slope?

Turkish authorities used cranes to lift a plane that skidded off a runway.

Amanda Strong (left) tries on an Angel of the Winds Arena hat as she and Courtney Brown hand out gift bags after the renaming ceremony Dec. 13 in Everett. The new name replaces the Xfinity name. (Andy Bronson / Her file)
Angel of the Winds to break ground on $60M casino expansion

“We think we’re on the cusp of becoming a major resort.”

House passes bill aimed at lowering gender wage gap

The bill would hinder employers from retaliating against female workers who ask about others’ pay.

Planemaker joins forces with auto-industry supplier Adient

The new venture poses a threat to Zodiac Aerospace and Rockwell Collins

In this Dec. 20, 2017, photo, a clerk reaches to a shelf to pick an item for a customer order at the Amazon Prime warehouse, in New York. (AP Photo/Mark Lennihan, File)
Amazon’s potential HQ2 sites leaves many cities disappointed

Associated Press Amazon’s move to whittle its list for a second headquarters… Continue reading

Alaska Airlines has selected destinations for new service from Paine Field. (Alaska Airlines)
Alaska Airlines will fly from Everett to 8 West Coast cities

Two destinations that didn’t make the list were Spokane and Hawaii.

Most Read