Boeing will meet 737 delivery goal despite new production problem -CFO
-
Boeing expects to meet its 2022 target of delivering 400-450 737 jets, despite a recently discovered production flaw that has slowed deliveries.
-
The production flaw involves misaligned holes on the 737's aft pressure bulkhead. About 75% of Boeing's 737 inventory will need rework.
-
Boeing will be on the "low end" of its 400-450 delivery target for the year.
-
Boeing's commercial airplane margins will be negative in Q3 due to low deliveries and higher costs.
-
Narrowbody 737 deliveries reached over 100 planes in Q1 and Q2 but will only be around 70 in Q3 due to the production issues.