Boeing says it up for the challenge
SEATTLE – Boeing expects deliveries of the new 787 Dreamliner to begin in the first quarter of 2010.
Boeing’s first quarter 2009 revenue rose three percent to US$16.5 billion while its operating cash flow was $0.2 billion, reflecting continued investment in development programmes and lower advances from commercial airplane orders.
The Dreamliner program saw orders for 32 airplanes cancelled by mutual agreement with customers during the quarter. Total firm orders are now 886 airplanes from 57 customers.
Boeing Commercial Airplanes’ 2009 delivery guidance remains at between 480 and 485 airplanes.
“The expanded global economic downturn is presenting unprecedented challenges in our commercial airplane markets,” said Boeing chairman, president, and CEO, Jim McNerney.
“We believe we are better positioned than most companies to withstand the ongoing pressures of this economy, and we are not hesitating to take necessary actions to preserve our financial strength and maintain our ability to invest and grow for the long term.
“Performance across the overwhelming majority of our
programmes remains solid, and we are making progress toward our milestones on the 787 and other important programs.”
Ian Jarrett
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