Business

July 9, 2012

Boeing Commercial Airplanes CEO focused on production rate increases, new airplane development

Boeing Commercial Airplanes President and CEO Ray Conner laid out his goals during the opening day [July 9] of the Farnborough International Airshow, saying the company is hitting its stride on performance and making significant progress on new airplane programs.

“We’re seeing levels of demonstrated performance that give us confidence in our ability to increase production rates and deliver on our promises to customers,” said Conner. “We’re also working closely with our suppliers to make sure they’re able to increase capacity and make the necessary investments to go up in rate with us.”

The Boeing backlog stands at more than 4,000 airplanes, equating to nearly seven years of production at current rates. In the first half of 2014, Boeing will be producing 30 percent more airplanes than today. In addition, Boeing’s 2012 Current Market Outlook forecasts a market for 34,000 airplanes worth $4.5 trillion over the next 20 years.

Conner also said the right strategies are in place as the company moves toward new product development.

“We have time to make the right decisions when it comes to improving the 777 family thanks to our strong market position,” said Conner. “Meanwhile, the 787-10X will extend and complement the 787 family and be the best in its class. We are absolutely committed to both of these airplanes.”

Conner said Boeing’s new 737 MAX, which will be the most fuel-efficient airplane in its segment with the lowest operating costs, continues to impress customers and gain new orders. The airplane is still targeted for first flight in 2016 with first delivery in 2017.




All of this week's top headlines to your email every Friday.


 
 

 

Unmanned aircraft partnership reaches major milestone

A team of research students and staff from Warsaw University of Technology have successfully demonstrated the first phase of flight test and integration of unmanned aircraft platforms with an autonomous mission control system. The demonstration marks a significant milestone in a partnership between the university and Lockheed Martin that began earlier this year. This is...
 
 

Raytheon delivers first Block 2 Rolling Airframe Missiles to US Navy

Raytheon delivered the first Block 2 variant of its Rolling Airframe Missile system to the U.S. Navy as part of the company’s 2012 Low Rate Initial Production contract. RAM Block 2 is a significant performance upgrade featuring enhanced kinematics, an evolved radio frequency receiver, and an improved control system. “As today’s threats continue to evolve,...
 
 
Navy photograph

General Dynamics delivers submarine on schedule and, under target cost

Navy photograph The PCU North Dakota (SSN 784) during bravo sea trials. The crew performed exceptionally well on both alpha and bravo sea trials. The submarine North Dakota is the 11th ship of the Virginia class, the first U.S....
 

 
boeing-xiamen

Boeing, Xiamen Airlines celebrate airline’s first 787 Dreamliner Delivery

Boeing and Xiamen Airlines Aug. 29 celebrated the delivery of the airline’s first 787 Dreamliner. “We are excited to receive our first 787 Dreamliner which is also the first widebody airplane of our all-Boeing fleet...
 
 
LM-C5

Double Deuce

A U.S. Air Force crew ferried the 22nd C-5M Super Galaxy from the Lockheed Martin facilities in Marietta, Ga., Aug. 25. Aircraft 86-0011 was ferried by a crew led by Maj. Gen. Dwyer L. Dennis, Director, Global Reach Programs, O...
 
 
Northrop Grumman photograph

First ever RQ-4 Global Hawk hits 100th flight on NASA mission

Northrop Grumman photograph A historical look at the first Global Hawk (AV1) during its maiden flight over Edwards Air Force Base, Calif., on Feb. 28, 1998. AV1 has made history again with its 100th flight in support of NASA en...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>