Boeing's second-quarter earnings are out and the 787 and 747-8 2011 delivery guidance has been cut by 10 from 25-40 to 25-30 combined units. The airframer gave no initial indication of how the units would be split between the types, but if previous reporting and analyst estimates are accurate, it will be heavily weighted toward 747. The commercial unit now anticipates delivering between 485 and 495 aircraft in 2011.
Also, the initial release provided no guidance on the 787-9 timeline, saying only that it expected first delivery of the 787-8 and 747-8 later in the third quarter. The 747-8F first delivery guidance rhetoric has slowly shifted from "mid-2011" now to third quarter 2011. Additionally, the release holds no mention of re-engining the 737, which is expected to be a major topic of the company's 10:30 AM ET earnings call with CEO Jim McNerney and CFO James Bell.
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