Boeing Announces Third-Quarter Deliveries
The Boeing Company (NYSE: BA) reported significant program deliveries for Q3 2020 amid ongoing pandemic challenges.
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Rhea-AI Summary
The Boeing Company (NYSE: BA) reported significant program deliveries for Q3 2020 amid ongoing pandemic challenges. Boeing's CFO Greg Smith emphasized the company's efforts to adapt and maintain liquidity while ensuring safety and quality. The total deliveries included 28 commercial airplanes, with the 737 leading at 3 units delivered. In defense, key deliveries comprised 7 AH-64 Apache helicopters and 4 KC-46 Tankers. Boeing's diverse portfolio remains a stabilizing factor as the company navigates market fluctuations.
Positive
- Total commercial airplane deliveries: 28 units, indicating ongoing demand amid COVID-19.
- Diverse product portfolio, including defense contracts, providing stability.
Negative
- None.
Details
News Market Reaction – BA
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CHICAGO, Oct. 13, 2020 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the third quarter of 2020.
"We continue to work closely with our customers around the globe, understanding their near-term and longer term fleet needs, aligning supply and demand while navigating the significant impact this global pandemic continues to have on our industry," said Greg Smith, Boeing executive vice president of Enterprise Operations and chief financial officer. "We're taking actions to resize, reshape and transform our business to preserve liquidity, adapt to the new market reality and ensure that we deliver the highest standards of safety and quality as we position our company to be more resilient for the long term. Our diverse portfolio, including our government services, defense and space programs, continues to provide some stability as we adapt and rebuild stronger for the other side of the pandemic."
Major program deliveries during the third quarter were as follows:
Major Programs | 3rd Quarter | Year-to- | ||||||
Commercial Airplanes Programs | ||||||||
737 | 3 | 12 | ||||||
747 | 1 | 2 | ||||||
767 | 6 | 20 | ||||||
777 | 5 | 15 | ||||||
787 | 13 | 49 | ||||||
Total | 28 | 98 | ||||||
Defense, Space & Security Programs | ||||||||
AH-64 Apache (New) | 7 | 18 | ||||||
AH-64 Apache (Remanufactured) | 12 | 44 | ||||||
C-40A | — | — | ||||||
CH-47 Chinook (New) | 4 | 19 | ||||||
CH-47 Chinook (Renewed) | 2 | 3 | ||||||
F-15 Models | — | 3 | ||||||
F/A-18 Models | 5 | 14 | ||||||
KC-46 Tanker | 4 | 10 | ||||||
P-8 Models | 3 | 9 | ||||||
Commercial and Civil Satellites | — | — | ||||||
Military Satellites | — | — | ||||||
Note: Delivery information is not considered final until quarterly financial results are issued. | ||||||||
Contact:
Maurita Sutedja (312) 544-2140 (Investor Relations)
Keely Moos (312) 544-2140 (Investor Relations)
Michael Friedman media@boeing.com (Communications)
Bradley Akubuiro media@boeing.com (Communications)
View original content:http://www.prnewswire.com/news-releases/boeing-announces-third-quarter-deliveries-301151190.html
SOURCE Boeing
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