he recently announced six-month delay in the 787 Dreamliner program could cost Boeing close to $1 billion in added expenses, a leading Wall Street analyst said Wednesday. In a teleconference to discuss Boeing's third-quarter results, Chief Executive Jim McNerney and Chief Financial Officer James Bell projected that the six-month slide in delivering the 787 will cause a $3.5 billion drop in next year's revenues.McNerney said Boeing is pouring money and people into the Dreamliner program to meet the new schedule so that the revenue impact is temporary and much of the lost cash flow can be recouped in 2009.
Only a handful of Dreamliners — three or four, McNerney said — are now expected to go to customers by the end of 2008. As Boeing outlined two weeks ago, first flight is set for around the end of March and first delivery by December.
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