7:30 AM ET: Boeing has released its fourth quarter and full year 2010 earnings. The company says it expects to delivery between 25 and 40 747-8 and 787 aircraft in 2011. Further live blogged coverage of the company's earnings call will begin here at 10:15 AM and on twitter. Please follow @flightblogger & @thedewline for coverage and live analysis of Boeing's commercial and defense businesses.
8:18 AM ET: Boeing shares are down around $3.25 in pre-market trading on the 35% drop in fourth quarter profit and overall 8% decline in full-year revenue due to research and development expenditures for its 787 and 747-8 programs, as well as lower deliveries from a year ago. This comes despite a $3.3 billion in full-year 2010 profit up 152% over the previous year.
9:06 AM ET: A quick closer look at Boeing's estimate for the 25-40 747-8 and 787 deliveries in 2011. Currently, 747-8 production is running somewhere in the neighborhood of 1.5 airplanes per month, heading to 2/month in 2012, with 10-12 production aircraft already built. Based on these figures, Boeing could deliver (at most) 30 747-8Fs this year, but this assumes a very low level of post-certification rework required on these aircraft.
8:18 AM ET: Boeing shares are down around $3.25 in pre-market trading on the 35% drop in fourth quarter profit and overall 8% decline in full-year revenue due to research and development expenditures for its 787 and 747-8 programs, as well as lower deliveries from a year ago. This comes despite a $3.3 billion in full-year 2010 profit up 152% over the previous year.
9:06 AM ET: A quick closer look at Boeing's estimate for the 25-40 747-8 and 787 deliveries in 2011. Currently, 747-8 production is running somewhere in the neighborhood of 1.5 airplanes per month, heading to 2/month in 2012, with 10-12 production aircraft already built. Based on these figures, Boeing could deliver (at most) 30 747-8Fs this year, but this assumes a very low level of post-certification rework required on these aircraft.
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