DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate
Source: DTN News - - This article compiled by K. V. Seth from reliable sources Boeing
(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.
"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."
The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.
The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.
The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.
Forward-Looking Statements
Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "plans," "projects," "believes," "estimates," "targets," "anticipates," and similar expressions are used to identify these forward-looking statements. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak to events only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by federal securities laws. Specific factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, the effect of economic conditions in the United States and globally, and general industry conditions as they may impact us or our customers, as well as the other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission.
Contacts:
Carrie Berry
747 Communications
+1 425-418-8592
carrieann.berry@boeing.com
Doug Alder
Boeing Communications
+1 206-660-2978
doug.alder-jr@boeing.com
SOURCE Boeing
*Link for This article compiled by K. V. Seth from reliable sources Boeing
*Speaking Image - Creation of DTN News ~ Defense Technology News
*Photograph: IPF (International Pool of Friends) + DTN News / otherwise source stated
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News Contact:dtnnews@ymail.com
©COPYRIGHT (C) DTN NEWS DEFENSE-TECHNOLOGY NEWS
Source: DTN News - - This article compiled by K. V. Seth from reliable sources Boeing(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.
"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."
The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.
The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.
The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.
Forward-Looking Statements
Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "plans," "projects," "believes," "estimates," "targets," "anticipates," and similar expressions are used to identify these forward-looking statements. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak to events only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by federal securities laws. Specific factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, the effect of economic conditions in the United States and globally, and general industry conditions as they may impact us or our customers, as well as the other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission.
Contacts:
Carrie Berry
747 Communications
+1 425-418-8592
carrieann.berry@boeing.com
Doug Alder
Boeing Communications
+1 206-660-2978
doug.alder-jr@boeing.com
SOURCE Boeing
*Link for This article compiled by K. V. Seth from reliable sources Boeing
*Speaking Image - Creation of DTN News ~ Defense Technology News
*Photograph: IPF (International Pool of Friends) + DTN News / otherwise source stated
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News Contact:dtnnews@ymail.com
©COPYRIGHT (C) DTN NEWS DEFENSE-TECHNOLOGY NEWS








The mission of the VC-25A aircraft -- Air Force One -- is to provide air transport for the president of the United States. The presidential air transport fleet consists of two specially configured Boeing 747-200B's -- tail numbers 28000 and 29000 -- with the Air Force designation VC-25A. When the president is aboard either aircraft, or any Air Force aircraft, the radio call sign is "Air Force One".
Principal differences between the VC-25A and the standard Boeing 747, other than the number of passengers carried, are the electronic and communications equipment aboard Air Force One, its interior configuration and furnishings, self-contained baggage loader, front and aft air-stairs, and the capability for inflight refueling. The VC-25A is capable of flying half way around the world without refueling and can accommodate more than 70 passengers.
Accommodations for the president include an executive suite consisting of a stateroom (with dressing room, lavatory and shower) and the president's office. A conference/dining room is also available for the president, his family and staff. Other separate accommodations are provided for guests, senior staff, Secret Service and security personnel, and the news media. Two galleys provide up to 100 meals at one sitting. Six passenger lavatories, including disabled access facilities, are provided as well as a rest area and mini-galley for the aircrew. The VC-25A also has a compartment outfitted with medical equipment and supplies for minor medical emergencies.
The first VC-25A -- tail number 28000 -- flew as "Air Force One" on Sept. 6, 1990, when it transported President George Bush to Kansas, Florida and back to Washington, D.C. A second VC-25A, tail number 29000 transported President Bill Clinton and former Presidents Carter and Bush to Israel for the funeral of Prime Minister Yitzhak Rabin. The VC-25A will usher presidential travel into the 21st century, upholding the proud tradition and distinction of being known as "Air Force One".
VC-25 aircraft are extensively modified B-747-200s with the basic airframe technology of the 1960s. The aircraft incorporates state-of-the-art avionics and communications equipment with Stage III compliant engines. Boeing is currently delivering B-747s throughout the world, so the logistics support base appears secure for the foreseeable future. With the continuing march of technology and the prestige attached to the U.S. Presidential airlift fleet, Air Force plans recommend a system review date of 2010. At this point, the aircraft will have been in service 20 years, and commercial operators will have retired their B-747-200s counterparts from front-line service. *
The ABL weapon system consists of a high-energy, chemical oxygen iodine laser (COIL) mounted on a modified 747-400F (freighter) aircraft to shoot down theater ballistic missiles in their boost phase. A crew of four, including pilot and copilot, would be required to operate the airborne laser, which would patrol in pairs at high altitude, about 40,000 feet, flying in orbits over friendly territory, scanning the horizon for the plumes of rising missiles. Capable of autonomous operation, the ABL would acquire and track missiles in the boost phase of flight, illuminating the missile with a tracking laser beam while computers measure the distance and calculate its course and direction. After acquiring and locking onto the target, a second laser - with weapons-class strength - would fire a three- to five-second burst from a turret located in the 747's nose, destroying the missiles over the launch area.

