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.


 
 

 

Missile Defense Agency, Raytheon demonstrate SM-6’s new anti-ballistic missile defense capability

In a first-of-its-kind test, the U.S. Navy fired a Raytheon Standard Missile-6, intercepting and destroying a short-range ballistic missile target at sea. The successful U.S. Missile Defense Agency test proved a modified SM-6 can eliminate threat ballistic missiles in their final seconds of flight. “SM-6 is the only missile in the world that can do...
 
 

Northrop Grumman-developed stealthy data link validated as combat ready with U.S. Marine Corps

the U.S. Marine Corps achieving F-35B initial operating capability, the Multifunction Advanced Data Link waveform developed by Northrop Grumman has been proven a key combat-ready capability of the F-35 Lightning II program. MADL is a high-data-rate, directional communications link that allows fifth-generation aircraft to communicate and coordinate tactics covertly. During testing of the Lockhee...
 
 

Lockheed Martin technology helps pilots, UAS operators share data, stay safe

As Unmanned Aircraft Systems take to the skies, it is essential for safety that UAS operators and pilots are aware of each other. To help provide this shared situational awareness, Lockheed Martin has deployed the first components of a UAS traffic management system that is available to the UAS community now. Lockheed Martin’s online Flight...
 

 

Aegis goes four-for-four in weeklong missile test series

The Lockheed Martin, U.S. Navy and Missile Defense Agency’s Aegis Combat System took part in a successful four-event test of the combat systemís air warfare and ballistic missile defense capabilities. The Multi-mission Warfare tests, conducted aboard USS John Paul Jones (DDG 53), began July 28 and ended Aug. 1. The latest iteration of the Aegis...
 
 
Lockheed Martin photograph

Lockheed Martin successfully tests design changes for Orion

A protective panel for Orion’s service module is jettisoned during testing at Lockheed Martin’s Sunnyvale, California facility. This test series evaluated design changes to the spacecraft’s fairing separation system Lockh...
 
 

Australian company to provide parts for initial production of Triton UAS

Northrop Grumman has awarded the first Australian supplier contract for the U.S. Navy’s MQ-4C Triton unmanned aircraft system initial production lot to Ferra Engineering. Brisbane-based Ferra Engineering will manufacture mechanical sub-assemblies for the first four Triton air vehicles including structural components. “At Northrop Grumman it’s very important to not only develop...
 




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=""> <s> <strike> <strong>