Defense/Aerospace Industries

[DewDiligence]

Boeing’s Commercial Deliveries Nosedive in 1Q10

http://online.wsj.com/article/SB10001424052702304198004575171993743175612.html

›By JOHN KELL
APRIL 9, 2010

Boeing Co. said it delivered 108 commercial aircraft during the first quarter, fewer than what it delivered in the fourth quarter and a year earlier.

The aircraft maker and defense contractor was finally able to get the long-delayed 787 Dreamliner aloft in December, but the company's flight-test program for the new jetliner is still running behind schedule. Chicago-based Boeing said it will deliver the first of the planes by year end.

Boeing's latest results were under the 122 deliveries it had in the fourth quarter and the 121 a year earlier.

The bulk of deliveries in the latest quarter—86—were 737 next-generation planes. Boeing also delivered four Apache helicopters and several other defense-systems machines, including other helicopters and fighter jets.

Boeing is scheduled to release its full first-quarter results on April 21.

Meanwhile, rival Airbus said Thursday that it has delivered 122 aircraft since the start of the year. Airbus, part of European Aeronautic Defence & Space Co., received 60 new orders in the first quarter.‹