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

Mountlake Terrace-based 1st Security Bank wasn’t traded publicly during the recession, but it has seen a steady growth since the recession. (Jim Davis / HBJ)
How stocks in local banks fared since the recession

Every bank was hit hard during the recession, but most have bounced back in a big way.

Boeing bolsters team for potential 797 with leading engineer

Terry Beezhold has been chief project engineer for the 777X program.

The FCC chairman moves to repeal ‘net neutrality’ rules

His plan would allow internet providers to control broadband speeds and favor their own services.

Tom Hoban
Are millennials warming up to life in suburbia?

They dominate the apartment market and their wants need to be accounted for, says columnist Tom Hoban.

Camano artist mixes flask, paintings for successful cocktail

Art flasks prove popular as bachelorette gifts, birthday presents and wedding favors.

Katie Garrison
New agent joins Re/Max Elite’s office in Snohomish

Re/Max Elite welcomed a new agent to its Snohomish office. Katie Garrison… Continue reading

UW Bothell Pub Talk looks at Greenhouse Gas Mystery

The Greenhouse Gas Mystery is the topic for the next UW Bothell… Continue reading

EvergreenHealth Monroe pharmacy interns travel to Ghana

Earlier this year, University of Washington School of Pharmacy students and EvergreenHealth… Continue reading

Everett Clinic Foundation gives $6,500 to nonprofit Christmas House

The Everett Clinic Foundation recently awarded a $6,500 operating grant to the… Continue reading

Most Read