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Boeing revises delivery date of first 787 to mid-Q1 2011.

M2 EQUITYBITES-27 August 2010-Boeing revises delivery date of first 787 to mid-Q1 2011(C)2010 M2 COMMUNICATIONS

Aircraft manufacturer The Boeing Company (NYSE:BA) announced today that it now expects delivery of the first 787 in the middle of the first quarter 2011.

The revision in the delivery date by Boeing reportedly follows an assessment of the availability of an engine needed for the final phases of flight test during the autumn of 2010.

Boeing said that it continues to work closely with Rolls-Royce to expedite engine availability. Flight testing across the test fleet continues as planned.

The company had previously indicated that the cumulative impact of a series of issues, including supplier workmanship issues related to the horizontal stabiliser and instrumentation delays could push first delivery of the 787 a few weeks into 2011.

Currently, this delay in engine availability has extended that estimate to mid-first quarter 2011.

The schedule revision will not affect the company's financial guidance, Boeing added.

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Publication:M2 EquityBites (EQB)
Date:Aug 27, 2010
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