7:30 AM ET: Boeing has released its fourth quarter and full year 2010 earnings. The company says it expects to delivery between 25 and 40 747-8 and 787 aircraft in 2011. Further live blogged coverage of the company’s earnings call will begin here at 10:15 AM and on twitter. Please follow @flightblogger & @thedewline for coverage and live analysis of Boeing’s commercial and defense businesses.
8:18 AM ET: Boeing shares are down around $3.25 in pre-market
trading on the 35% drop in fourth quarter profit and overall 8% decline
in full-year revenue due to research and development expenditures for
its 787 and 747-8 programs, as well as lower deliveries from a year ago. This comes despite a $3.3 billion in full-year 2010 profit up 152% over the previous year.
9:06 AM ET: A quick closer look at Boeing’s estimate for the 25-40 747-8 and 787 deliveries in 2011. Currently, 747-8 production is running somewhere in the neighborhood of 1.5 airplanes per month, heading to 2/month in 2012, with 10-12 production aircraft already built. Based on these figures, Boeing could deliver (at most) 30 747-8Fs this year, but this assumes a very low level of post-certification rework required on these aircraft.
This post was originally published to the internet between 2007 and 2012. Links, images, and embedded media from that era may no longer function as intended.
This post originally appeared at Flightglobal.com from 2007 to 2012.