The front page headline in today’s Seattle Times had some people scratching their heads. The story’s premise is that we’ve slowed down the development process for our 777X. The fact is— our timing on a 777X decision hasn’t changed one bit.
Our new president and CEO Ray Conner said it best today: “We are absolutely committed to the 777X.” He said the same thing at the Farnborough Airshow—and also made it clear that he feels the same way about the 787-10X.
Let’s talk about where things stand right now with both airplanes. We’re engaging our customers to make sure we understand their specific needs while continuing to invest both the time and the resources to make sure we bring the absolute best products to the market. The plan is to have the airplanes enter the market late this decade. When we’re confident with all the factors, we’ll act. As Ray said “my position is that when we are ready, we will go.”
In my travels across the world to meet with customers, stakeholders and media, I know there’s a huge interest in our future products. And our dedication to bring those products to the market remains just as strong today as it did before the newspaper headlines. Ray’s full message to Boeing employees is below.
While the Seattle Times reported this morning that we have slowed down the development process for the 777X, our timing on a decision to offer that airplane has not changed. We are absolutely committed to the 777X and continue to invest the necessary time and resources to ensure we produce a superior airplane for our customers. That’s what they expect of us.
The 787-10X product development effort continues as well. As with the 777X, we want to make sure that we respond to our customers’ business needs and that we develop a plan that is well defined and leads to success.
Boeing teams are working the many variables of a complex, integrated product development process, and we continue to work with a number of customers on their unique requirements. To that end, we’ve held formal and informal meetings with customers designed to facilitate a two-way conversation about our plans for these products. These are robust conversations which have always been part of what we do to create the best products and services for our customers.
As we’ve consistently said, when we are satisfied with the risks, costs and schedule, as well as many other important factors, we intend to present a plan for offering these wide-body airplanes to customers. The airplanes would enter the market late this decade. My position is that when we are ready, we will go.
All of these efforts are tied to a clear objective to execute on existing programs, which will enable us to invest in our future. These two concepts are tightly linked - we must execute today to be successful tomorrow. Our future depends on it.
What’s most important here is that we are aligned as one team working toward a common goal. Your hard work, commitment and enthusiasm are critical to getting us where we need to go. Thank you for everything you do to contribute to our success and our customers’ success.