Boeing 2014 Annual Report Download - page 40

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28
The following table provides details of the accounting quantities and firm orders by program as of
December 31. Cumulative firm orders represent the cumulative number of commercial jet aircraft deliveries
plus undelivered firm orders.
Program
737 747 767 777 777X 787
2014
Program accounting quantities 7,800 1,574 1,113 1,600 * 1,300
Undelivered units under firm orders 4,299 36 47 278 286 843
Cumulative firm orders 9,517 1,537 1,114 1,541 286 1,071
2013
Program accounting quantities 7,000 1,574 1,113 1,550 * 1,300
Undelivered units under firm orders 3,680 55 49 314 66 916
Cumulative firm orders 8,413 1,537 1,110 1,478 66 1,030
2012
Program accounting quantities 6,600 1,574 1,103 1,450 1,100
Undelivered units under firm orders 3,074 67 68 365 799
Cumulative firm orders 7,367 1,525 1,108 1,431 848
* The accounting quantity for the 777X will be determined in the year of first airplane delivery, targeted for
2020.
Program Highlights
737 Program The accounting quantity for the 737 program increased by 800 units during 2014 due to the
program’s normal progress of obtaining additional orders and delivering airplanes. The accounting quantity
includes NG and MAX units. We increased our production rate from 38 to 42 per month in the second
quarter of 2014 and plan an additional increase to 47 per month in 2017. On October 2, 2014 we announced
our plan to further increase the rate to 52 per month in 2018. First delivery of the 737 MAX is expected in
2017.
747 Program Lower-than-expected demand for large commercial passenger and freighter aircraft has
resulted in ongoing pricing pressures and fewer orders than anticipated. We are currently producing at a
rate of 1.5 per month with plans to reduce the rate to 1.3 per month in September 2015. We have a number
of unsold 747 production positions and remain focused on obtaining additional orders and implementing
cost-reduction efforts. If market, production and other risks cannot be mitigated, the program could face
a reach-forward loss that may be material.
767 Program The 767 assembly line includes a 767 derivative to support the tanker program. In October
2014 we increased our combined tanker and commercial production rate from 1 to 1.5 per month and plan
to increase to 2 per month in 2016.
777 Program The accounting quantity for the 777 program increased by 50 units during 2014 due to the
program’s normal progress of obtaining additional orders and delivering airplanes. We are currently
producing at a rate of 8.3 per month. In the fourth quarter of 2013, we launched the 777X, which features
a new composite wing, new engines and folding wing-tips. The 777X will have a separate program
accounting quantity, which will be determined in the year of first airplane delivery, targeted for 2020.
787 Program During the second quarter of 2014 we completed initial type certification for the 787-9 and
received design and production certifications. We delivered the first 787-9 airplane in June 2014. First
delivery of the 787-10 derivative aircraft is targeted for 2018.