When one arm of Boeing's business slows down, another part speeds up to take up the slack. (That's supposed to be the case with conglomerates.)
Last month, Boeing confirmed that slowing demand for its new 747-8 had forced the plane maker to slow down production of the jumbo jet from two planes per month, to just 1.75 now. On the other hand, with airlines cleared to resume flying the 787 Dreamliner again, Boeing's upping the output on its new flagship airplane.
On Thursday, Boeing confirmed that the first 787 to be built at its new, accelerated production rate of seven planes-per-month has just rolled off the production line. This was Boeing's 114th 787 produced, and the 100th built at its Everett, Wash. factory.
Boeing isn't stopping at lucky No. seven planes-per-month, however. In the same statement announcing its feat, the company confirmed that it's continuing to press the gas, and expects to be producing 10 787s per month by year end -- at which rate, it will still need 80 months of throughput to fill the more than 800 outstanding orders that it already has for the plane.
The article Boeing Updates on 787 Production Rate originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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