Boeing cuts delivery forecast for 787, 747
Oct. 26, 2011, Chicago, Il. - Boeing says it won't deliver as many of its new 787s this year as it previously expected, even as it delivered a third-quarter profit that was well above expectations.
Boeing now says it will deliver 15 to 20 of the new 787s and 747-8s. Previously, it had said it would deliver 25 to 30 of the planes. Boeing delivered the first 787 last month and the plane carried its first passengers on Wednesday.
Boeing earned $1.1 billion for the quarter ended Sept. 30. That's up 31 per cent from the same period last year. The profit of $1.46 per share was far above the $1.10 per share expected by analysts surveyed by FactSet. Revenue rose 4 per cent to $17.7 billion.