Amid Big Losses, Boeing To ‘Reassess’ NMA, Cut 787 Rate | Aviation International News

Amid Big Losses, Boeing To ‘Reassess’ NMA, Cut 787 Rate

Boeing CEO David Calhoun calls for a methodical approach to returning the company to financial health.

Boeing plans to cut 787 production rates from 14 per month this year to seven in 2022. (Photo: Boeing)

By Gregory Polek • Senior Editor

January 29, 2020

Boeing will reevaluate the business plan for the once seemingly preordained New Midsize Airplane (NMA) project and cut production of the 787 from 12 to 10 per month as the company reacts to changing market dynamics amid the continuing crisis surrounding the 737 Max, company CEO David Calhoun said during the company’s year-end 2019 earnings call Wednesday. Hosting his first earnings call as Boeing’s chief executive, Calhoun insisted the reassessment of its product development does not amount to a “delay,” but rather a “refresh,” as the company works toward meeting a target to return the Max to service by mid-year and mitigate several billions of dollars in losses resulting from the grounding.

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