Beating expectations

It’s always good to wake up to the news that Boeing’s first-quarter earnings exceeded Wall Street’s expectations. There’s a lot to be proud of, but also a lot of work to accomplish by year’s end.

On the commercial side, we delivered 104 airplanes and won 106 net orders. The 787 program surpassed 3500 flight hours, logging 1250 flights. The 747-8 Intercontinental took its first flight, and the 747-8 Freighter surpassed 2500 hours in flight test. And who could forget winning the KC-46A Tanker contract.

Now it’s time to execute our plan. With a backlog of more than 3400 airplanes and growing demand from our customers, we’ll be ramping up production rates across all product lines by 40 percent in the next three years. It’s an exciting time to be in this business, and I look forward to the ride.

Before I give you a snapshot of each of our programs and their first-quarter accomplishments, check out the video below showing all the highlights from January, February and March. It’s sure to give you goose bumps.

737

We received 98 new orders for 737s in the first quarter, and delivered 87 during the same period. Production capacity increased on the 737-900ER from six per month to 12.

747-8

In February, theĀ 747-8 Intercontinental made its world debut. Five weeks later, it flew for the first time.

In March, Air China became the 747-8’s first Chinese customer when it signed an agreement to purchase five Intercontinentals, pending approval from the Chinese government. We also completed an order for two 747-8 Freighters for Korean Airlines.

767

A great quarter for the 767 program, with the winning tanker bid and rollout of the 1,000th 767. At the same time, the program revamped its final body join and final assembly processes and moved into a new production bay.

777

Production increased in the quarter from five to seven airplanes per month. Airlines ordered 46 777s and the 777 freighter celebrated two years in service. American Airlines became the first U.S. airline to order the 777-300ER.

787

The 787 resumed certification flight testing in January. As of this week, the 787 program has logged 3,554 flight hours. 94 percent of the flight-test points for the Rolls-Royce engines were complete and nearly 75 percent for the GE engines. The Dreamliner had 835 total firm orders at the quarter’s end.

Commercial Aviation Services

CAS announced the expansion of its GoldCare service to include Next-Generation 737s. The newest CAS business unit, Information Services, is executing its growth strategy and continues to attract airline customers with the vision of a digital airline. Flight Services achieved multiple qualifications for its pilot training in support of the 787 entry into service and that training is under way in Seattle this week with the first group of pilots from ANA.

Comments (10)

Bob J (California):

You are right Randy, I got goose bumps. Great video and perfect Bon Jovi song to go with it.

Congrats Boeing!!

Angel (Murcia (Spain)):

Congratulations to Boeing for this great start of the year

Good luck for all rest of 2.011

Kathy Courter (Puget Sound):

The video gave me more than goose bumps, it brought tears to my eyes. After 30 years with the company, it still gives me a thrill to see our planes fly. I think about everything that has to come together to design and build it. It's great to feel like a part of something larger than yourself....a legacy to the future.

Tom Miller (Seattle):

Randy,
Awesome video, with a great sound track!
I've enjoyed reading your journal and the music links you sneak in whenever possible. I'm beginning to thing there is a little rock n roll in all of us!

Thanks.

Gerry Adams (Renton Preflight Q.A.) (Kent WA):

Cool video Randy. It's a great time to work at Boeing!

Cat Felker (Everett):

Thank you so much for sharing, Randy! Great video...I LOVE BOEING!!!

Norman (Long Beach, California, United States):

Great video, things are looking up and looking good for all the planes in the Boeing product line.

Tim (Maryland):

Randy ?

Great first flight of the Boeing 747-8I Intercontinental, and the Luftansa's 747-8I.
I saw on the video the father of the 747 Joe Sutter.. I was wondering ? what did Joe Sutter have to say about the 747-8F and 747-8I's first flights ? and would you have him here as your guest on your journal to answer people's question ?
Hope Luftansa name's their first 747-8I after the father of the 747, Joe Sutter.

Duan Zhu (Beijing (China)):

Thanks for sharing first quarter highlights of 2011 Randy, that was totally awesome! I love this kind of video so much, so I just wonder if it is possible to know a site or a place that can review the past quarter highlights videos, it is a little bit hard to seek from your former articles.

Good Luck for Boeing 2011!

Randy Tinseth (Renton, WA):

Duan,

Check out the video at the bottom of the link below.

http://boeingblogs.com/randy/archives/2011/02/ticket_to_ride.html

It includes highlights from all of 2010.

Best,

Randy

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