The Hits Don't Stop Coming In Seattle, But Calhoun Says Things Are Looking Up

Boeing has confirmed that the first 777x delivery is now anticipated for 2025, a change that will incur about $1.5 billion in otherwise avoidable costs. 

The delay didn't just come for the 777x, as the report also touched on the 787 and the 777-8 Freighter program. In an address to employees, Boeing CEO Dave Calhoun outlined the immediate future for the company in his overview of this year's first quarter results.  

The 787 program has submitted a certification plan to the FAA, as well as checked over the stock of aircraft on hand to ensure they are up to par. For now, the program is looking up, hoping to have certification completed as soon as possible as they continue to finish aircraft and check flights. The 777-8 Freighter program was launched with customer Qatar Airways, recognizing the expansion in cargo and logistics around the world seen since 2020.  

In addition, Boeing began work on the 777-9, which Calhoun said is progressing along well in development and testing, with delivery slated for 2025 using updated assessment of certification requirements. Unusually, Boeing will play a bit of a shell game with the 777-9, a required move as the manufacturer sees inventory backing up. 

"To minimize inventory and the number of airplanes requiring change incorporation," Calhoun said, "we’re also adjusting the 777-9 production rate ramp, including a temporary pause through 2023. This adjustment will also enable us to add 777 freighter capacity starting in late 2023." 

FMI: www.boeing.com