Boeing 2007 Annual Report Download - page 12

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9
Exceptional market response to
our airplane programs, along
with continuing improvements
in performance and efficiency,
drove our solid financial perfor-
mance this year.
Boeing Commercial Airplanes received
record orders for the third year in a
row, while revenues rose 17 percent to
$33.4 billion, with operating earnings
of $3.6 billion.
We delivered 441 airplanes in 2007,
up from 398 in 2006. Our first Next-
Generation 737-700ER and 737-900ER
commercial airplanes were delivered to
our launch customers. The 777 jetliner
completed its one-millionth flight under
extended-range twin-engine opera-
tions. We also delivered the 3,000th
Everett-built widebody airplane, and
we reached firm configuration on the
747-8 Intercontinental.
Boeing Commercial Airplanes contin-
ues to achieve efficient performance as
it steadily increases production rates.
Engaged employees and streamlined
processes are driving increased quality
and reduced assembly time and costs
across the system.
Market demand for Boeing airplanes
grew in 2007 along with our productiv-
ity; we booked a record 1,423 gross
orders, an increase from 1,050 in
2006. Milestone orders included the
7,000th 737 order and the 1,000th
order for each of the 767 and 777 air-
plane programs. In addition, we posted
a record-setting 369 orders for the
787 Dreamliner, which is the fastest-
selling new airplane in history with
more than 800 orders since 2004.
The world received its first glimpse of
our revolutionary new airplane when we
rolled out the 787 Dreamliner in July.
Our confidence in the fundamental
design and technologies of the 787
continues to grow. However, we have
been challenged by start-up issues in
our factory and in our extended global
supply chain. As a result, the 787’s first
flight is now scheduled for around the
end of the second quarter of 2008 with
first deliveries expected in early 2009.
Resources from around the company
are being brought to bear on the
787 program to more effectively
manage our production system, and
we are focused on flying, certifying
and delivering this breakthrough air-
plane to our customers.
Delivering on commitments
to our customers remains key
to meeting our financial perfor-
mance goals.
In the coming year, we will continue to
focus on all of our product develop-
ment programs and delivering on our
commitments to customers and part-
ners. We also will continue to integrate
the companywide Lean+ growth-and-
productivity initiative throughout the
organization. Through our sharp
attention to the needs of our airplane
operators and their passengers, dedi-
cation to productivity improvements
and strong financial performance, we
will continue to earn our position as
the world’s premier manufacturer of
commercial jetliners.
Beyond advancing materials from which future commercial jets will be built, the 787
Dreamliner introduces new ways of manufacturing airplanes and doing business— for
suppliers and Boeing. First delivery and entry into service are expected in early 2009.