Boeing Half-Year Shipments on Target as 787 and 747-8 Lag

http://www.bloomberg.com/news/2012-07-05/boeing-half-year-shipments-on-target-as-787-and-747-8-lag.html

Boeing Co. (BA) delivered 150 aircraft in the three months through June, positioning itself to meet a 2012 target even with year-to-date shipments of the new 787 and 747-8 models at only about a third of the planemaker’s goal.

Only six Dreamliners were shipped in the quarter, bringing the half-year total to 11, and Boeing handed over seven 747-8 jumbo jets for a six-month tally of 13, the Chicago-based company said today in a statement. Boeing’s plan, reiterated in April, is to deliver 70 to 85 of those models this year, split about evenly between them.

Total production is slated to increase by more than 60 percent in the four years through 2014 as Boeing works off a record order backlog for about 4,000 aircraft. The company delivered 287 planes in the first half out of a full-year goal of 585 to 600 aircraft. That compares with 477 deliveries in 2011, including 222 in the first six months.