financetom
Business
financetom
/
Business
/
Boeing delivers 40 jets in August, up 5 from a year ago
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing delivers 40 jets in August, up 5 from a year ago
Sep 11, 2024 3:44 AM

Sept 10 (Reuters) - Boeing ( BA ) said on Tuesday it

delivered 40 commercial jets in August, up five from the same

month in 2023 when it struggled with a manufacturing defect on

its 737 MAX, as the U.S. planemaker eyes higher output under new

CEO Kelly Ortberg.

Boeing ( BA ) has pledged to boost production of its strongest

selling jet, the MAX, to 38 per month by year's end.

But the planemaker faces obstacles such as a possible strike

as early as Friday by more than 32,000 Seattle-area and Portland

factory workers who vote on a new deal Sept. 12.

The U.S. planemaker is operating a slower assembly line

since a Jan. 5 in-flight blowout of a door plug on a 737 MAX 9

jet that heightened regulatory scrutiny.

Boeing ( BA ) handed over 32 MAX jets to customers last month,

including nine deliveries to customers in China, the most since

December 2019.

Boeing ( BA ) delivered 43 commercial jets in July, including 31

MAX jets.

Investors closely watch delivery numbers, as airplane makers

receive the majority of payment for an aircraft when it is

transferred to a customer.

After adjustments to reflect the backlog, Boeing ( BA ) reported

adjusted net orders for the month of 24.

That brought Boeing's ( BA ) gross order total so far this year

through August 31 to 250. After removing cancellations and

conversions, Boeing ( BA ) posted a net total of 207 orders since the

start of 2024.

Following further accounting adjustments, Boeing ( BA ) reported

adjusted net orders of 122 airplanes so far this year.

Year to date through August 31, Boeing ( BA ) delivered 258

airplanes, including 198 MAX jets.

European rival Airbus said last week it had

delivered 47 aircraft in August, down from 77 in July, to reach

447 so far this year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved