Boeing Financials: 787 Deferred Production Cost down to $22,029 mm from $22,967 mm last quarter

Under the cloud of the 737 MAX groundings in the wake of the Lion Air and Ethiopian crashes, Boeing announced it's earnings for the 1st quarter 2019.

for the 787 program, the deferred production cost decreased to $22,029 mm from $22,967 mm.  This is a very healthy decrease of $938 mm.  Boeing attributed the almost $1 bn decrease to the investment they made in manufacturing system but also in part to the supply chain efficiencies as well as the increase in rate to 14/month.

One down note from the earnings announcement is the cancellation of Jet airways orders due to the financial collapse of the airline.  Thus Boeing not only cancelled the 737 MAX order the airline placed but they also cancelled the 10 x 787-9s that was on order.  Boeing's order book for hte 787 now stands at 1,431

Given the current issues withe 737 MAX, Boeing is going to depend on the 787 and, to a lesser extent, the 777 programs to be its cash cow for the foreseeable future.

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