Boeing Faces Uphill Battle to Meet Lowered 737 Delivery Target
- CEO Calhoun says company has performance in its hands
- Quarterly loss, cash burn worse than analysts expected
A Boeing 737 airplane outside of the company's manufacturing facility in Renton, Washington, US.
Photographer: David Ryder/BloombergThis article is for subscribers only.
With less than 10 weeks remaining before the end of the year, Boeing Co. faces a tough race to meet even the low end of its freshly revised aircraft delivery goal.
Speaking on a call with analysts after reporting earnings, Chief Financial Officer Brian West said that October handovers would be in line with September, when Boeing delivered just 15 737 Max aircraft. Boeing has expanded the scope of work to address a supplier defect and needs to re-inspect some of the jets that had already been repaired, West said.