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

More business, more competition for Everett kidney dialysis center

Nonprofit Puget Sound Kidney Centers sees large for-profit competitors enter state market.

Suitors, beware: In Seattle, Amazon also brought disruption

The company has grown there from a workforce of about 5,000 to more than 40,000 in 33 buildings.

Boeing rushes to bring back retirees as temps

It’s unclear if this could be a definitive turn in the downsizing tide.

Tax cuts won’t generate as much economic growth as Trump says

There’s little historical evidence that tax cuts actually pay off in boosting economic growth long-term.

City of Marysville adds HR director

The City of Marysville has hired Bill Kolden as its new human… Continue reading

Economic Alliance to host After Hours event at Clothes for Kids

The next Economic Alliance Snohomish County Business After Hours event is from… Continue reading

Speed Networking planned by Lynnwood Chamber

The next Good Morning, Lynnwood Chamber Speed Networking is from 7:30 to… Continue reading

More self-awareness could help build a better medical system

Marcy Shimada of Edmonds Family Medicine writes the second in a series about fixing our health care system.

Scratch-and-sniff brochures aimed to prevent disaster

Puget Sound Energy has distributed more than a million scratch-and-sniff brochures to… Continue reading

Most Read