Boeing has announced plans to increase 737 production from 31 to 38 aircraft per month, with plans to reach 50 per month by 2025/2026. The company expects to deliver 400-450 737 airplanes this year. The company's second quarter revenue increased...
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Boeing has announced plans to increase 737 production from 31 to 38 aircraft per month, with plans to reach 50 per month by 2025/2026. The company expects to deliver 400-450 737 airplanes this year.
The company's second quarter revenue increased to $8.8 billion driven by higher 787 deliveries. The 787 program increased production to four per month with plans to ramp to five per month in late 2023 and 10 per month in 2025/2026. The 787 program expects to deliver 70-80 airplanes this year.
During the quarter, commercial airplanes booked 460 net orders, including 220 for Air India and 39 for Riyadh Air, and secured a commitment from Ryanair for up to 300 737 MAX airplanes. As many as 136 Boeing Commercial aircraft were delivered during the quarter. The backlog includes over 4,800 airplanes valued at US$363 billion.
For the second quarter, Boeing reported a free cash flow of US$2.58 billion, compared with a cash burn of US$182 million a year ago. The adjusted loss was 82 cents per share. Analysts polled by Refinitiv were expecting a loss of 88 cents per share. Boeing’s revenue rose 18% to US$19.75 billion, beating expectations of US$18.45 billion.
During the quarter, Defense, Space & Security completed the U.S. Air Force first flight of the T-7A Red Hawk, began construction on the Advanced Coatings Center in St. Louis and captured an award from the U.S. Army for 19 CH-47 Chinooks. Backlog at Defense, Space & Security was $58 billion, of which 31 percent represents orders from customers outside the U.S.
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