BOEING SAYS THAT it is making progress on its aggressive cost-cutting strategy, with which it aims to slash production-cycle time by half, and to hold aircraft-manufacturing costs to 1992 levels.

Boeing Commercial Airplane Group president Ron Woodard says that the group is already close to bringing cycle times on the existing model range down from around 18 months to around ten months. The cycle time for the new 777 is now 16 months, but Woodard says that the goal is to achieve cycle times of "...six to eight months for all models by 1998".

Boeing also plans to halve defects on new aircraft over the next two years.

Source: Flight International