boeing has planes to build, and amtk will get their business!
Company Press Release
SOURCE: Boeing Commercial Airplane Group
Boeing Announces 1999 Commercial Jetliner Production
Rates
SEATTLE, June 9 /PRNewswire/ -- Boeing Commercial Airplane Group (BCAG) today
announced production rates on its airplane models for 1999. These rates will result in production of
51 airplanes per month by the first quarter of next year, followed by 50.5 airplanes per month by the
second quarter and 48.5 airplanes per month by the fourth quarter.
Today's BCAG production rate is 47 airplanes per month.
''The future of the commercial airplane market continues to look promising,'' said Fred Mitchell,
BCAG executive vice president of Airplane Production. ''We are experiencing unprecedented
market demand for some models, the Next-Generation 737 in particular.''
''However, during the past few months we have been watching the production rates of our
widebody aircraft -- particularly the 747 -- very closely to make sure we match near-term
production to market demand,'' Mitchell said. ''The continued slow traffic growth in Asia has caused
some airlines to negotiate slides in deliveries of their 1999 747 orders or to substitute other Boeing
airplane models for their existing 747 orders. This means we have to reduce the rate on the 747
program.''
As planned, Boeing will also change production of the 777 from seven airplanes per month to five
airplanes per month in the fourth quarter of 1999, but plans to return to the seven-per-month rate in
2000.
Production will increase in the second quarter of 1999 for Next-Generation 737 models from 21
airplanes per month to 24 airplanes per month as it decreases on ''Classic'' 737-300, -400 and
-500 models from five airplanes per month to three airplanes per month. (Boeing will maintain
Classic 737 production at five airplanes per month for the third and fourth quarters of 1998 and
sustain that rate until the second quarter of 1999.) In total, 737 production will rise from 26 airplanes
per month to 27 airplanes per month in the second quarter of 1999.
Rates will remain unchanged for the Boeing 757, 767, MD-80/-90 and MD-11 programs.
Also, Boeing plans to deliver its first 717-200 in the second quarter of 1999 and will deliver
follow-on 717 airplanes for the rest of the year. The company will establish a formal production rate
for the 717 in 1999. These production plans will likely result in the elimination of some BCAG jobs
in addition to the 12,000 previously announced. The company plans to begin reducing employment
in mid-1998.
Monthly production rates for 1999 will be set as follows:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
737 Classic 5 3 3 3
Next-Generation
737 21 24 24 24
747 5 3.5 3.5 3.5
757 5 5 5 5
767 4 4 4 4
777 7 7 7 5
MD-80/-90 3 3 3 3
MD-11 1 1 1 1
717 0 First Delivery Follow-ons Follow-ons
Total* 51 50.5 50.5 48.5
* Does not include 717 productio
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now let the stock loose, and lets see some upward movement!!!!!!! |
