Boeing Announces 6-Month First Delivery Delay of 787 Dreamliner

[ARCHIVED THREAD] - Boeing Announces 6-Month First Delivery Delay of 787 Dreamliner

Posted: 10/10/2007 9:10:34 AM EDT

I hate to say I told ya so, but I have been saying for two years the schedule for production, flight test, and certification were too tight. Wait till the order cancellations start coming in. You think this kind of thing can only happen to Airbus and the A380?

Boeing Announces 6-Month First Delivery Delay of 787 Dreamliner

Wednesday, October 10, 2007

CHICAGO —

Boeing is delaying initial deliveries of the 787 Dreamliner by six months due to continued challenges in completing assembly of the first airplanes, the company said Wednesday.

Boeing (BA) said deliveries that had been scheduled to begin next May will be pushed back to late November or December 2008.

The first flight, already pushed back once from the initial target of earlier this fall, now is anticipated around the end of the first quarter of 2008.

Boeing said the postponement will not materially affect its earnings or guidance for next year.

"We are disappointed over the schedule changes that we are announcing today," said Chairman and CEO Jim McNerney. "Notwithstanding the challenges that we are experiencing in bringing forward this game-changing product, we remain confident in the design of the 787, and in the fundamental innovation and technologies that underpin it."

McNerney had publicly voiced confidence as recently as four weeks ago that the airplane maker would be able to deliver the first 787 on time next May to Japan's All Nippon Airways, despite skepticism among industry observers following the first postponement.

On Sept. 5, Boeing formally pushed back the first test flight to mid-November or mid-December due to complications with final assembly and finalizing flight-control software. That would have left the company just five to six months before the first delivery, or about half the time it took to test the 777 a decade ago.

The company first acknowledged problems meeting the original test-flight schedule in August when it cited ongoing challenges with out-of-sequence production work, including parts shortages, and remaining software and systems integration activities.

Boeing shares, which had moved higher Wednesday before the late-morning announcement, quickly tumbled $2.95, or 2.9%, to $98.50 in midday trading.

Posted: 10/10/2007 4:55:35 PM EDT

[#1]

Nobody cares? If this was an airbus thread there would be 60 pages of "f$#% those socialists" look at the pig dogs fail! HaHa!

Posted: 10/10/2007 4:59:09 PM EDT

[#2]

So long as Boeing meets the current sched, I think Boeing is still alright.

Airbus problems continue and now with insider trading charges added.

I still like Boeing's position.

5sub

Posted: 10/10/2007 5:00:47 PM EDT

[#3]

Dont blame me, my parts were done on time.

Posted: 10/10/2007 5:06:56 PM EDT

[#4]

Might be a good time to buy Boeing stock.

Posted: 10/10/2007 5:07:25 PM EDT

[#5]

My guys got 'em painted on time too

Posted: 10/10/2007 5:15:52 PM EDT

[#6]

Interestingly, BA just announced it's buying both 787s and A380s.

NTM

[ARCHIVED THREAD] - Boeing Announces 6-Month First Delivery Delay of 787 Dreamliner

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