Fri, Nov 14, 2008
Freighter Deliveries To Being Q3 2010, Intercontinental Q2
2011
There's no question that ripples from a two-month strike by
machinists at Boeing are affecting the planemaker's future
programs... but that's not the only reason why Boeing announced
Friday an adjusted schedule for production and delivery of the
747-8 Freighter and Intercontinental airplanes.
Boeing says the revised schedule is based on a production and
flight-test plan developed in conjunction with the company's
suppliers that provides additional time for addressing issues that
have slowed the program's progress. Those issues include supply
chain delays driven by design changes to the airplane, limited
availability of engineering resources inside Boeing, and the recent
Machinists' strike that halted production in the company's
factories.
Delivery of the first 747-8 Freighter will move from late 2009
to the third quarter of 2010. The first 747-8 Intercontinental
passenger jet delivery moves from late 2010 to the second quarter
of 2011.
"Our entire team has worked hard to mitigate growing schedule
risk on this program but have been unable to overcome the
collective impact of work statement increases to the original
design, a tight supply of engineering resources, and the recent
Machinists' strike," said Boeing Commercial Airplanes President and
CEO Scott Carson. "We are clearly disappointed in what this
schedule change means for our customers, employees, suppliers and
other stakeholders. However, it is the appropriate and prudent
decision to ensure a successful program, and we are committed to
working with our customers to mitigate any disruption it causes
them."
The revised schedule is the result of a comprehensive assessment
of the production system and flight-test plan that began in late
August and concluded with the incorporation of the impact of the
recent strike.
"The remaining work on the 747-8 program is well defined," said
Ross R. Bogue, vice president and general manager -- 747 Program
and Everett site. "This schedule adjustment provides the time we
need to finish that work and bring both airplanes to market
successfully for our customers."
The risk of a schedule adjustment on the program was previously
identified and was provisioned for in Boeing's third quarter
financial results. The company will provide updated financial
guidance and a post-strike assessment of the schedule for all its
commercial airplane programs at a later date.
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