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.


 
 

 
boeing-SC-787

Boeing South Carolina begins final assembly of its first 787-9 Dreamliner

Boeing has started final assembly of the 787-9 Dreamliner at its South Carolina facility. The team began joining large fuselage sections of the newest 787 Nov. 22 on schedule, a proud milestone for the South Carolina team and a...
 
 
NG-people2

Northrop Grumman names communications directors for Unmanned Systems, Military Aircraft Systems

Faith Jennings Northrop Grumman has announced that industry veteran Faith Jennings, and retired Rear Adm. Vic Beck will lead Communications for its Aerospace Systems sector’s unmanned systems and military aircraft divisio...
 
 

Northrop Grumman, Air Force complete integrated baseline review

Northrop Grumman has successfully conducted the integrated baseline review of the production, deployment and initial sustainment phase for the Enhanced Polar System Control and Planning Segment. The U.S. Air Force’s EPS provides space-enabled, secure communications capabilities to polar users in support of national objectives. EPS CAPS receives telemetry and supplies configuration command...
 

 

UTC names president, CEO

United Technologies Corporation announced Nov. 24 that Louis R. Chenevert has informed the Board of Directors of his retirement as chairman and chief executive officer, effective immediately. Gregory J. Hayes, UTC senior vice president and chief financial officer, has been elected President, Chief Executive Officer and a director. Edward A. Kangas, lead independent director, has...
 
 
LM-facility

Lockheed Martin opens Surface Navy Innovation Center

Lockheed Martin has opened the Surface Navy Innovation Center in Moorestown, N.J., to support the development of new technologies for the U.S. Navy. The SNIC is a research, development and demonstration facility that brings tog...
 
 
raytheon-test

Raytheon successfully demonstrates integrated electronic warfare capabilities

EL SEGUNDO, Calif. –┬áRaytheon, in collaboration with the U.S. Navy, successfully demonstrated an end to end, first of its kind, integrated electronic attack system during flight tests at the Naval Air Weapons Station Chi...
 




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>