Category Archives: Boeing

Freedom Plane Tour documents return to vaults

Boeing announced:

As theย National Archives Freedom Plane Tourย comes to a close, the team reflects on an extraordinary journey that brought history to life during Americaโ€™s 250th anniversary.



Catch up quick:ย Inspired by theย Bicentennial Freedom Train, the Freedom Plane tour launched on March 2, making original founding-era documents accessible to Americans across the country. This unprecedented tour was more than a series of eventsโ€”it was a nationwide tribute to the enduring spirit of freedom and the founding principles of America.

National Archives Freedom Plane Tour Recap Video

The 2026 National Archives Freedom Plane Tour, in honor of America’s 250th, is showcased in this recap video. Play Video

Watch a recap of the National Archives Freedom Plane National Tour. (ยฉ Ben Applebaum photo)

Boeing Backs America: Behind the scenes, hundreds of Boeing employees contributed to the success of the eight-city tour. The tour required precise planning and employees from every business unit across the company played an integral role. The impeccable care and secure transport of these treasured artifacts highlighted Boeingโ€™s unwavering commitmentโ€”not only to safety, quality and aerospace excellence but also to supporting the country, uplifting Americaโ€™s history, and engaging communities in meaningful ways.

By the numbers: 

6

Months on tour

8

Freedom Plane tour cities

9

Original Founding-era documents

12,960

Miles the Freedom Plane traveled

30

Boeing flight crew employees who supported

77

Military members who supported arrival events

Over 100,000

Visitors who viewed the documents on tour

What theyโ€™re saying:

  • “As we close out the Freedom Plane tour, I couldnโ€™t be prouder of the dedication and expertise our Boeing team brought to this historic mission,โ€ said Jeff Shockey, executive vice president of Boeing Government Operations, Global Public Policy & Corporate Strategy. โ€œSupporting the preservation and celebration of the countryโ€™s founding documents during its 250th anniversary was an honor and a powerful reminder of the many ways Boeing Backs America.”
  • “The Boeing Company is one of those iconic, great American brands who has been a partner of the National Archives and National Archives Foundation for more than two decades,โ€ said Patrick Madden, CEO of the National Archives Foundation. โ€œBoeing employees can take pride in this special partnership, and I share our gratitude for this deep commitment to America’s history.”

Whatโ€™s next? On Aug. 17, the Freedom Plane returned to Washington, D.C. with the nine original Founding-era documents, which are now tucked away from public view. To safeguard these irreplaceable Founding-era documents for future generations, the National Archives limits their exposure to very low light levels. As a general rule, these documents receive no more than 365 days of low-light exposure spread out over a ten-year period and are stored in dark vaults the remaining time.

The tour commenced on March 2 in Washington, D.C. where the documents were loaded and then transported to Kansas City, Missouri for the first leg of the tour. 
Left to right, Jim Byron, former Senior Advisor to the Archivist of the United States, The Honorable Monica Crowley, Chief of Protocol of the United States, Jeff Shockey, executive vice president of Boeing Government Operations, Global Public Policy & Corporate Strategy, Patrick Madden, CEO of the National Archives Foundation. (ยฉ Ben Applebaum) 

15 years on, the 787 Dreamliner continues to lead

Boeing published this report:

A lot can happen in 15 years โ€“ just ask 787 Engineering leader Tyler Savell.

He had just joined Boeing as a Systems Integration intern a few months before the 787 Dreamliner received type certification on Aug. 26, 2011.

โ€œI remember there was a lot of anticipation at that time because we knew it meant weโ€™d soon be able to start delivering those first airplanes,โ€ Savell said. โ€œMeanwhile, we were already working on what was coming next with the development of the 787-9 and 787-10.โ€

Type certification cleared the way for the โ€œall-new, game-changing 787opens in a new tabโ€ to enter airline service worldwide. In the decade-and-a-half since, Boeing has expanded the 787 into a true widebody family of airplanes and applied lessons learned from the growing in-service fleet โ€“ and Savell has experienced significant milestones of his own.

Tyler Savell looks at the nose of a 787 in the Final Assembly building.ย 

โ€œSince then, weโ€™ve had two children,โ€ Savell said. โ€œAnd for me professionally, itโ€™s exciting to be leading the team that is helping to hire our own next generation. There are teammates joining Boeing today who will help determine what this program looks like another 15 years from now.โ€

On Aug. 26, 2011, FAA Administrator Randy Babbitt (right) presented the U.S. Type Certificate, which verifies that the 787 has been tested and found to be in compliance with all federal regulations, to 787 Chief Pilot Mike Carriker and 787 Vice President and Chief Project Engineer Mike Sinnett.

“This airplane embodies the hopes and dreams of everyone fortunate enough to work on it. Their dreams are now coming true,” said former Boeing Commercial Airplanes President and CEO Jim Albaugh on the occasion of the 787โ€™s certification in 2011opens in a new tab.

The widebody that changes whatโ€™s possible: The 787 has carried more than one billion passengers and helped airlines open more than 540 new, nonstop routes that were never previously served. Its composite airframe design and fuel efficiency set a new benchmark for advanced materials and manufacturing.

โ€œOver the past 15 years, weโ€™ve taken the foundation established with the original 787 and continued building on it,โ€ said John Murphy, 787 chief project engineer. โ€œEach advancement reflects the same focus: understanding what our airline customers need and continuing to evolve the airplane safely to meet those needs.โ€

Earlier this year, the FAA cleared an increase in the maximum takeoff weights for the 787-9 and 787-10, providing more payload or more range and opening new opportunities and greater flexibility for airlines.

All 787-9 and 787-10 airplanes assembled as of December 2025 are structurally capable of the higher weight. Certified operating weight is designated per airplane and can affect airport fees and route planning. For those reasons, airlines can choose to activate the capability at delivery or later. Offering iMTOW as an option lets carriers match certified capability to their network economics.All 787-9 and 787-10 airplanes assembled as of December 2025 are structurally capable of the higher weight. Certified operating weight is designated per airplane and can affect airport fees and route planning. For those reasons, airlines can choose to activate the capability at delivery or later. Offering iMTOW as an option lets carriers match certified capability to their network economics.

Evolution extending beyond the airplane itself: Strong customer demand for the 787, which has earned it the title of the bestselling passenger widebody in history, is also driving continued investment in the program and its production systemopens in a new tab. Boeing is expanding its 787 footprint and capabilities to support higher production rates and meet customer demand in the years ahead.

โ€œOur expansion is one of the most visible signs of how much opportunity still lies ahead for the 787 Dreamliner,โ€ said Scott Stocker, vice president and general manager of the 787 program. โ€œWhen you see the investment being made in this program, it reinforces that weโ€™re not just celebrating every team member across the enterprise who helped create this airplane and what the 787 has accomplished. Weโ€™re preparing for what comes next.โ€ 

Second 787 Final Assembly construction progress

Located at Boeing South Carolina.Play Video

More milestones to come this year: Just a month after the 787 achieved type certification in 2011, the first delivery to ANAopens in a new tab (All Nippon Airways) occurred on Sept. 26, 2011, with entry into service following shortly after on Oct. 26, 2011.

โ€œWhen I think about 15 years, I donโ€™t just think about how we started,โ€ said Murphy. โ€œWeโ€™ve continued to listen to our customers and apply that knowledge to make an already incredibly capable airplane even better. That continuous evolution is what helps shape the 787.โ€

Want to own a piece of 787 history? Check out BoeingStore.comopens in a new tab to purchase a 15-year commemorative, limited-edition PlaneTags collectible, made from material from ZA004, the programโ€™s last 787-8 test airplane that retired earlier this year.

Seventh Boeing 777-9 completes first flight

The seventh 777-9 takes off on its first flight. (Marian Lockhart photo)

The 777-9 thatย Boeingย willย use to conduct extendedย operations (ETOPS)ย andย functionย and reliabilityย testing flew for the first timeย Friday, completing anย approximatelyย three-hourย profile overย Washington State,ย Idahoย and Oregon.

Capt.ย Dan Mangelย andย Capt.ย Jake Millerย completed a standard first-flight profile that tested the airplaneโ€™s systems and structures,ย which were monitored onboard by systems operators Scott Brihn and Zachary Lewis; flight analystsย Seth Town, John Theeringer and Michael Deutsch; instrumentation specialist Lauren Meyer; and propulsion analyst Kinsey Bilyeu. The airplane landed at Paine Field in Everett, Wash., atย 5:35ย p.m. PT.ย 

  • โ€œThe purpose of todayโ€™s first flight is to test the entire airplane as a system, and then all the individual systems to make sure theyโ€™re functioning properly,โ€ said Capt. Dan Mangel, Engineering pilot.ย โ€œThe airplane performed beautifully on its first flight; it was great to fly.โ€ย ย ย 

Why it matters:ย Regulatory approval forย ETOPSย willย allow operators to fly the airplane extended distances from an airport suitable for landing, opening more direct routes that save time and fuel. Following extensive analysis, labย testsย and engine tests, as well as validation of the maintenance program,ย ETOPS testingย will includeย proving flights toย demonstrateย the 777-9 can safely and reliablyย conduct trans-oceanic routes andย support extended diversions.ย ย 

Function and reliability testingย willย simulateย routineย operationsย in a variety of conditions toย demonstrateย the airplaneย canย operateย safelyย and reliablyย in service.ย 

Preparing for flight:ย Teams rolled the airplane out of the Everett factory, applied a white livery, fueled the airplane, completed engineย runsย and conducted a taxi testย in the weeks and daysย before flight.ย ย 

  • โ€œItโ€™s quite a milestone, but itโ€™s not the end of the line,โ€ said JeRae McCoy,ย 777X Change Incorporationย & Refurbishmentย conformities manager, who supported theย build of the airplane. โ€œWeโ€™veย got more work to doย to certify this airplane and begin deliveries.ย Weโ€™reย going to keep working together to get there.โ€ย 

Continuing a legacy:ย The 777-9 will continue the 777 familyโ€™s history of long-haul, twin-engine efficiency:ย The original 777 entered service with ETOPS approval. Its first revenue flight 31 years ago,ย between London and Washington, D.C., was an ETOPS flight.ย 

Testing, certification, delivery:ย Theย 777-9ย program has logged more than 4,800 flight test hours across the 777-9 test fleet. In addition to the dedicated test airplanes, production-configuredย airplanes โ€“ like this seventh 777-9 to fly โ€“ are supporting certification work ahead of first delivery in 2027, the company said.ย 

  • โ€œAirplane development is not easy, but it is such a worthy endeavor because we are creatingย incrediblyย capable airplanes that will safely transportย peopleย around the worldย for generations,โ€ said Terry Beezhold, 777-9 vice president and program manager. โ€œA big thank you to our team for their continued hard work and to all of our 777X customers.โ€ย ย 

About the family:โ€ฏThe 777X family โ€“ the 777-9, the 777-8 Freighter and the 777-8 passenger airplane โ€“ are the newest members of Boeingโ€™s market-leading widebody family.ย Boeing teammates designedย themย to maximize efficiency and environmental performance, drawing on technologies proven on the 777 and 787 Dreamliner and new innovations, according to the company.ย 

  • Customers have ordered more than 650 777X airplanes.ย 
Screenshot

The FAA certifies the 737-7 MAX 7

Boeing announced:

The U.S. Federal Aviation Administration (FAA) has granted Boeing the amended type certificate (ATC) for the 737-7, clearing the way for commercial service.

Boeing worked under the oversight of the FAA through a multiโ€‘year certification effort that included extensive flight and ground testing, human factors reviews and system safety assessments.

Why it matters: This important certification validates the rigor of the airplaneโ€™s design and clears the way for Boeing to provide the 737 MAX family to a new segment of the market.

The 737-7, the longest-range member of the 737 MAX family, offers a range of up to 3,800 nautical miles (7,040 km) and is particularly designed for airline customers flying out of airports at high altitudes and hot climates.

The 737 MAX family order book stands at more than 7,200 airplanes, of which 2,360 have been delivered through the end of June 2026.

Whatโ€™s next: Teammates have started refurbishment work on the previously built 737-7 airplanes.

More about the MAX family:

The 737-7 seats 135-160 passengers in a two-class configuration and offers a range of up to 3,800 nautical miles (for the course of an eight-hour flight). The airplane reduces fuel use and carbon dioxide emissions by about 20% and lowers the noise footprint by about 50% compared with the airplanes it typically replaces.

Other members of the 737 MAX family, beyond the 737-7, offer unique capabilities to customers around the world including:

  • The 737-8 seats 160-180 passengers and offers a range of up to 3,500 nautical miles. It can profitably fly in almost any short and medium-haul market.
  • The 737-9 has three more seating rows compared to the 737-8 and seats 175-195 passengers with a range of up to 3,300 nautical miles.
  • The largest airplane in the family, the 737-10 offers greater fuel efficiency and the best per-seat economics of any single-aisle airplane. It seats 185-210 passengers with a range of up to 3,100 nautical miles. Boeing is working toward certification of the 737-10 later this year.
737-7 Boeing Livery airplane flying over snowy mountain background

The Boeing 737-7 (MAX 7) order book is anchored by a few key airline customers worldwide:

  • Southwest Airlines: 302 aircraft on order. Southwest is the launch customer and largest buyer for the MAX 7, planning to use the type to replace its aging Boeing 737-700 fleet.
  • Allegiant Air: 30 aircraft on order (part of a broader multi-variant MAX agreement with Boeing that includes options for additional airframes).
  • SKY Airline: 10 aircraft on order.
  • Luxair: 4 aircraft on order (including firm orders and commitments as part of its fleet modernization strategy).

All photos by Boeing.

More airline news:

Bending the 777-9: Inside fatigue testing for three lifetimes

From Boeing:

Photo: A close up of the wing of the 777-9 currently undergoing fatigue testing. (Patrick Rodwell photo)

The test rigโ€™s hydraulics hummed and whirred like a roller coaster up its first big hill. A massive wing rose and fell in a steady cadence โ€” like a physical therapist testing a shoulder joint โ€” while hundreds of sensors watched every micrometer of movement. 

This airplane was the fourth Boeing 777-9 produced, rolled straight from the factory in Everett, Washington, into a custom-made fatigue test rig. Itโ€™s a rare honor as the company dedicates an airframe on each of its major commercial models to run through this gauntlet.

Demonstrating durability before day one: Full-scale fatigue testing validates how the airplaneโ€™s structure will age in service. In addition to a fleet that conducts rigorous ground and flight testing, this fatigue test airframe will be cycled 120,000 complete flight cycles to validate structural robustness, inspection methods and maintenance intervals. 

โ€œWeโ€™re applying loads to the wings, to the fuselage, weโ€™re pressurizing the fuselage,โ€ said David Pocasangre, 777-9 fatigue test. โ€œAnd weโ€™re doing it in such a way to simulate a flight to get ourselves through the equivalent of more than three lifetimes on an airframe.โ€

How the rig simulates flights: Each simulated flight replicates the full sequence from preflight ground operations into the air and back — taxi, takeoff, climb, cruise, descent, landing and to taxiing once more — and engineers have coded a spectrum of mission profiles into the rig.

โ€œWe will run this airplane through a complete ground-air-ground flight profile; so thatโ€™s from the gate, to the gate and everything in between,โ€ said Lee McNeil, 777-9 structures technical fellow. โ€œThe airframe thinks itโ€™s actually in flight.โ€

Flights are rated on an A to E scale: E flights, the vast majority, are short hops in benign weather; A flights are the most intense long hauls, designed to reproduce challenging encounters such as thunderstorms over mountain passes. 

  • The variation reflects how likely the airplane is to see each condition in service and ensures the simulations test out normal conditions as well as rarer extremes.ย 
  • The rig averages roughly 160 such cycles in 24 hours, compressing decades of service into months.

Layered testing builds confidence: The full-scale fatigue test sits atop Boeingโ€™s โ€œbuilding blockโ€ approach. Engineers begin with thousands of material โ€œcouponโ€ tests โ€“ stress testing small, representative samples in extreme conditions โ€“ before moving to parts and assemblies, evaluating each of the various bits and pieces before committing a full airplane to the rig. 

โ€œFatigue testing helps us show the design is really robust; itโ€™s a safe airplane,โ€ said Daniele Hovington, 777-9 fatigue test. โ€œIโ€™m looking forward to actually flying on a 777-9 myself.โ€

Progress made: The campaign has surpassed 63,000 flight cycles โ€” well over one lifetime โ€” and results so far match expectations, according to the company. 

The test yields practical guidance: โ€œWe test to learn โ€” and to give airlines predictable, dependable guidance to help keep their operations on schedule,โ€ said Lacaux.

Why it matters to airlines and passengers: For carriers, fatigue testing validates the design and supports predictable maintenance planning. For passengers, the benefit is assurance: the airplane has been exercised far beyond routine service so operators can rely on a platform whose structural performance and inspection regimes are proven.

As the rig cycles on and the wings bend in that steady cadence, every flex and data point helps engineers turn simulated years into actionable insight โ€” helping position the 777-9 to meet the long arc of service life expected by airlines worldwide.

โ€œIโ€™m incredibly proud of our teams,โ€ said Lacaux. โ€œWhat they bring for this airplane, and their dedication to getting it through certification and delivery, it inspires me every day.โ€

A wide view of the full-scale 777-9 rig in Everett, which has surpassed 63,000 flight cycles. 

(Patrick Rodwell photo)

Documentary about Boeing MAX 737 disaster premieres on Amazon Prime

Kreindler & Kreindler LLP has issued this statement:

The work of NYC-based aviation accident law firm Kreindler & Kreindler is featured in a new documentary released by Amazon Studios. The tragic story of the Ethiopian Airlines flight 302 Boeing 737 MAX crash is told through the perspective of Pulitzer prize-winning journalist Dominic Gates, the victims’ families and their attorneys with added insight from former Boeing workers turned whistle-blowers.

Amazon Studios released the movie, Flight / Risk, a documentary that follows everyday people thrust into the midst of a global tragedy in the aftermath of two horrific crashes of new Boeing 737 MAX airplanes – tragedies that took place only five months apart. The two similar crashes resulted in the combined loss of 346 people. The story is revealed through several perspectives – Pulitzer prize-winning journalist Dominic Gates, the victims’ families and their attorneys, including Kreindler & Kreindler’s Justin Green, with additional insight from a former Boeing engineer turned whistle-blower.

View movie trailer for Amazon Prime documentary “Flight / Risk”:

A Law Firm Working on Behalf of the Victims of Ethiopian Airlines Flight 302

The film focuses particularly on the Kreindler law firm’s representation of 34 families who lost loved ones in the 2019 Ethiopian Airlines Flight 302 crash. Kreindler attorney Justin Green is Co-Chair of the Plaintiffs’ Executive Committee (PEC) for the victims’ families litigation against Boeing. Green, along with law partners Daniel Rose and Brian Alexanderare each military-trained pilots, bringing a unique perspective to their work on the PEC. Additional Kreindler attorneys appointed to the plaintiffs’ committee are Anthony Tarricone, Megan Benett, and Erin Applebaum. Kreindler attorneys Andrew Maloney, Kevin Mahoney, Vincent Lesch and Marc Moller round out the firm’s legal team working on the case. Kreindler is the largest and most successful plaintiffs’ aviation accident law firm in the world.

The Litigation Between Boeing and the Victims’ Families

In the lawsuit filed against Boeing in 2019, the victims’ families allege that Boeing put the financial interests of its shareholders ahead of the safety of passengers and flight crews. Boeing rushed the design, manufacture and certification of the Boeing 737 MAX, misrepresented to the public, the FAA, and Boeing’s customers that the airplane was safe to fly and Boeing shockingly continued to claim that the aircraft was safe to fly even after the second crash of a Boeing 737 MAX. The plaintiffs’ allege that Boeing was eager to get the plane into service quickly, as the company viewed the new aircraft as Boeing’s best weapon in its war for market share with European rival Airbus and their new A320neo airplane.

Lawsuits arising from the crash, yet still unresolved, are scheduled for trial in the U.S. District Court for the Northern District of Illinois, beginning March 2023 (In re: Ethiopian Airlines Flight ET 302 Crash (1:19-cv-02170).

Ryanair says MAX 10 will not be certified by year-end

According to Reuters, Boeing “faces a late December deadline to win approval for the 737 MAX 10, which can hold 230 passengers, otherwise it must meet new cockpit alerting requirements under a 2020 law unless waived by Congress.”

Boeing Chief Executive Dave Calhoun said in July this issue could force the cancellation of the 737-10 program..

Boeing to open Japan Research Center and expand sustainability partnerships

Boeing will strengthen its partnership with Japanby opening a new Boeing Research and Technology (BR&T) center. The facility will focus on sustainability and support a newly expanded cooperation agreement with Japan’s Ministry of Economy, Trade and Industry (METI).

Boeing and METI have agreed to broaden their 2019 Cooperation Agreement to now include a focus on sustainable aviation fuels (SAF), electric and hydrogen powertrain technologies, and future flight concepts that will promote zero climate impact aviation. That is in addition to exploring electric and hybrid-electric propulsion, batteries, and composite manufacturing that will enable new forms of urban mobility.

The BR&T โ€“ Japan Research Center will be located in Nagoya, which is already home to many of Boeing’s major industrial partners and suppliers. The facility will further expand Boeing’s research and development footprint in the region, which includes centers in Australia, China and Korea.

Boeing is fully committed to supporting Japan’s SAF industry and has been accepted as the latest member of ACT FOR SKY, aย voluntary organization of 16 companies that works to commercialize, promote and expand the use of SAF produced in Japan. It was founded by Boeing airline customers All Nippon Airways (ANA) and Japan Airlines (JAL), along with global engineering company JGC Holdings Corporation, and biofuel producer Revo International.

In addition to becoming partners in ACT FOR SKY, Boeing has a long history of innovating with ANA and JAL on sustainable aviation, which includes pioneering SAF-powered flights and launching the ground-breaking 787 Dreamliner. Today, they signed agreements to work together to study advanced sustainable technologies, including electric, hybrid, hydrogen and other novel propulsion systems in an endeavor to reduce the carbon footprint of aircraft.

Boeing reports its second quarter results

Second Quarter 2022

  • Operating cash flow of $0.1 billion; continue to expect positive free cash flow for 2022
  • Increased 737 production to 31 per month; working with FAA on final actions to resume 787 deliveries
  • Successfully completed CST-100 Starliner uncrewed Orbital Flight Test-2 (OFT-2)
  • Revenue of $16.7 billion; GAAP earnings per share of $0.32 and core (non-GAAP)* loss per share of ($0.37)
  • Total backlog of $372 billion; including over 4,200 commercial airplanes

Table 1. Summary Financial Results

Second Quarter

First Half

(Dollars in Millions, except per share data)

2022

2021

Change

2022

2021

Change

Revenues

$16,681

$16,998

(2)ย %

$30,672

$32,215

(5)ย %

GAAP

Earnings/(Loss) From Operations

$774

$1,023

(24)ย %

($395)

$940

NM

Operating Margin

4.6

%

6.0

%

(23)ย %

(1.3)

%

2.9

%

NM

Net Earnings/(Loss)

$160

$567

(72)ย %

($1,082)

$6

NM

Earnings/(Loss) Per Share

$0.32

$1.00

(68)ย %

($1.73)

$0.09

NM

Operating Cash Flow

$81

($483)

NM

($3,135)

($3,870)

NM

Non-GAAP*

Core Operating Earnings/(Loss)

$490

$755

(35)ย %

($962)

$402

NM

Core Operating Margin

2.9

%

4.4

%

(34)ย %

(3.1)

%

1.2

%

NM

Core (Loss)/Earnings Per Share

($0.37)

$0.40

NM

($3.11)

($1.12)

NM

*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures.”ย 

The Boeing Company reported second-quarter revenue of $16.7 billion, GAAP earnings per share of $0.32 and core loss per share (non-GAAP)* of ($0.37), driven by lower defense volume and unfavorable performance, partially offset by higher commercial volume (Table 1). Boeing recorded positive operating cash flow of $0.1 billion.

“We made important progress across key programs in the second quarter and are building momentum in our turnaround,” said Dave Calhoun, Boeing President and Chief Executive Officer. “As we begin to hit key milestones, we were able to generate positive operating cash flow this quarter and remain on track to achieve positive free cash flow for 2022. While we are making meaningful progress, we have more work ahead. We will stay focused on safety, quality and transparency, as we drive stability, improve performance, and continue to invest in our future.”

Table 2. Cash Flow

Second Quarter

First Half

(Millions)

2022

2021

2022

2021

Operating Cash Flow

$81

($483)

($3,135)

($3,870)

Less Additions to Property, Plant & Equipment

($263)

($222)

($612)

($513)

Free Cash Flow*

($182)

($705)

($3,747)

($4,383)

*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures.”ย 

 

Operating cash flow improved to $0.1 billion in the quarter, reflecting higher commercial deliveries and timing of receipts and expenditures (Table 2).

Table 3. Cash, Marketable Securities and Debt Balances

Quarter-End

(Billions)

Q2 22

Q1 22

Cash

$10.0

$7.4

Marketable Securities1

$1.4

$4.9

Total

$11.4

$12.3

Debt Balances:

The Boeing Company, net of intercompany loans to BCC

$55.7

$56.2

Boeing Capital, including intercompany loans

$1.5

$1.5

Total Consolidated Debt

$57.2

$57.7

1 Marketable securities consist primarily of time deposits due within one year classified as “short-term investments.”

 

Cash and investments in marketable securities decreased to $11.4 billion, compared to $12.3 billion at the beginning of the quarter, primarily driven by debt repayment (Table 3). The company has access to credit facilities of $14.7 billion which remain undrawn.

Total company backlog at quarter-end was $372 billion.

Segment Results

Commercial Airplanes

Table 4. Commercial Airplanes

Second Quarter

First Half

(Dollars in Millions)

2022

2021

Change

2022

2021

Change

Commercial Airplanes Deliveries

121

79

53ย %

216

156

38ย %

Revenues

$6,219

$6,015

3ย %

$10,380

$10,284

1ย %

Loss from Operations

($242)

($472)

NM

($1,101)

($1,328)

NM

Operating Margin

(3.9)

%

(7.8)

%

NM

(10.6)

%

(12.9)

%

NM

 

Commercial Airplanes second-quarter revenue increased to $6.2 billion, driven by higher 737 deliveries,ย partially offset by lower 787 deliveries (Table 4). Operating margin of (3.9)% also reflects abnormal costs and period expenses, including higher R&D expense.

Boeing has nearly completed the global safe return to service of the 737 MAX and the fleet has flown more than 1.5 million total flight hours since late 2020. The 737 production rate increased to 31 airplanes per month during the quarter.

On the 787 program, the company continues to work with the FAA to finalize actions to resume deliveries and is readying airplanes for delivery. The program is producing at a very low rate and will continue to do so until deliveries resume, with an expected gradual return to five per month over time. The company still anticipates 787 abnormal costs of approximately $2 billion, with most being incurred by the end of 2023, including $283 million recorded in the quarter.

Commercial Airplanes secured orders for 169 737 MAX airplanes and 13 freighters, including seven 777-8 Freighters from Lufthansa Group. Commercial Airplanes delivered 121 airplanes during the quarter and backlog included over 4,200 airplanes valued at $297 billion.Boeing

At quarter-end, Boeing Capital’s net portfolio balance was $1.6 billion. The change in loss from other unallocated items and eliminations was primarily due to the recognition of deferred compensation income as compared to expense recorded in the second quarter 2021. The second quarter effective tax rate primarily reflects tax expense on pretax earnings and an increase to the valuation allowance.

Boeing President and CEO Dave Calhoun shared the following message with employees today addressing the companyโ€™s second-quarter results:

Team,

This month, Boeing marked its 106th anniversary. Throughout our history, we have seen moments of triumph and moments of challenge. Through it all, our people have made the difference, and that could not ring truer today. As we report our second-quarter results, you will see that we are building momentum in our turnaround. Even as we navigate a difficult environment, we are making progress across key programs and are beginning to hit significant milestones.

Thanks to these efforts, we generated positive operating cash flow in the second quarter, and we remain on track to achieve positive free cash flow for 2022. This is underpinned by strong demand and our efforts to improve performance.

In our Commercial Airplanes business, we increased 737 MAX production and improved deliveries, while working to drive stability in our factory and within the supply chain. We also continued to support the growing fleet, which has now safely flown more than 1.5 million flight hours with greater than 99% schedule reliability since the ungrounding.

Our 787 team is in the final stages of preparing to restart deliveries and continues to work through the comprehensive and transparent process with our regulator. There is no doubt that it has been a long road, but I am proud of our team for raising their hands, sharing information transparently and doing the hard work it takes to position us for success. Iโ€™ve spent a lot of time with our teams in North Charleston and Everett, and the work our mechanics, technicians and engineers are doing is exceptional. Itโ€™s detailed, disciplined and rigorous โ€“ and your efforts will have a positive impact for decades to come.

As we improve performance, the commercial market recovery is also gaining traction and customers are demonstrating their confidence and trust in Boeing, our products and our people. We are honored to have announced more than 200 airplane orders and commitments at the Farnborough International Airshow last week, including key orders for the 737 MAX, 787, freighters and services.

In our Defense, Space and Security business, our successful uncrewed CST-100 Starliner mission with NASA was a key moment for Boeing and I was proud to be with our team at Cape Canaveral for the launch. This orbital flight test was an important reminder of what weโ€™re capable of achieving and a demonstration of our focus on engineering excellence. That said, we continue to work through hurdles on our fixed-price development programs amidst a challenging macro-economic environment, which had an impact on our results.

Meanwhile, our Global Services team had another strong quarter supporting commercial and government customers. As the commercial market recovers, and thanks to our teamโ€™s performance, BGS has largely returned to pre-pandemic levels faster than our expectations, demonstrated by strong revenue and operating margins this quarter.

As demand grows across our markets, we are partnering with our supply chain to ensure our industry can meet that demand now and into our future. Supply chain constraints and inflation continue to challenge our world โ€“ and our industry is no exception. Even with demand high, we wonโ€™t chase production rates or push our system too fast. With safety and quality at the forefront, we will prioritize stability and predictability because when we get those right, all other metrics will follow.

While we are making progress, we have more work to do. And as we focus on improving our performance today, we are making research and development investments to lay the foundation for our next generation of products and advance our sustainability efforts. Most importantly, weโ€™re also investing in our people and hiring in key areas of engineering and manufacturing.

This is a pivotal moment in our 106-year legacy โ€“ and this team has the opportunity to define our future. Together, we are taking the right actions and heading in the right direction. Our programs are beginning to meet key milestones and our financials are starting to reflect our efforts. Our team is tested, prepared and ready to deliver โ€“ and I am confident in our future. Thank you for all that you do every day to support our customers, our company and each other.

Dave

Boeing forecasts demand for 2.1 million new commercial aviation personnel and enhanced training

Boeing’s 2022 Pilot and Technician Outlook (PTO) forecasts demand for 2.1 million new aviation personnel over the next 20 years to safely support the recovery in commercial air travel and meet rising long-term growth.

The long-term forecast shows thatย 602,000 pilots, 610,000 maintenance technicians and 899,000 cabin crew members will be needed to support the global commercial fleet over the next two decades. The worldwide fleet is expected to nearly double and grow to 47,080 airplanes by 2041, according to Boeing’s recently released Commercial Market Outlook.

This year’s PTO represents a 3.4ย percent increase from 2021, excluding the Russia region, which is not forecast in this year’s PTO due toย sanctions that prohibit exports of aircraft manufactured in western countries and market uncertainty.ย China, Europe and North America represent over half of the total new personnel demand. The fastest growing regions are Africa, Southeast Asia and South Asia, with all three regions expected to grow more than 4 percent over the forecast period.

“As the commercial aviation industry recovers from the pandemic and plans for long-term growth, we anticipate a steady and increasing demand for aviation personnel, as well as the ongoing need for highly effective training,” said Chris Broom, vice president, Commercial Training Solutions, Boeing Global Services. “Our customer-centric approach and digital expertise includes a commitment to delivering data driven, competency-based training and assessment solutions as well as technologies that meet the evolving needs of our customers.”

New digital solutions to enhance the efficacy and efficiency of training would include immersive learning experiences and virtual learning platforms.

Projected demand for new pilots, technicians and cabin crew by global region for the next 20 years is approximately:

Region

New Pilots

New Technicians

New Cabin Crew

Africa

20,000

21,000

26,000

China

126,000

124,000

162,000

Europe

122,000

120,000

207,000

Latin America

35,000

35,000

48,000

Middle East

53,000

50,000

99,000

North America

128,000

134,000

173,000

Northeast Asia

22,000

24,000

38,000

Oceania

9,000

10,000

18,000

South Asia

37,000

34,000

43,000

Southeast Asia

50,000

58,000

85,000

Learn more about the Pilot and Technician Outlook