Engines
Boeing Plans another 777 Rate Hike
Boeing plans to raise its production rate for the 777 program to 8.3 airplanes per month, or 100 airplanes a year, starting in the first quarter of 2013, t

Boeing plans to raise its production rate for the 777 program to 8.3 airplanes per month, or 100 airplanes a year, starting in the first quarter of 2013, the company announced this morning. In March the company said it would increase production from five to seven airplanes per month starting in mid-2011.

Carrying a backlog of more than 250 airplanes, the program to date has delivered 907 units and accumulated orders for 1,163. With the rate hikes, the current backlog amounts to more than three years of production. According to Boeing, the program’s suppliers are prepared to support the rate increases.