Boeing to increase production rate on 777 and 747 programs

Boeing will accelerate planned rate increases on both the 777 and 747 programs. The accelerated rate increases will support increasing customer demand in the recovering airplane market. The company will accelerate the 777 program’s rate increase to seven airplanes per month (from five per month) by approximately six months, from early 2012 to mid-2011. The 747 program’s planned production rate increase to two airplanes per month (from 1.5 per month) will move from mid-2013 to mid-2012. Suppliers for both the 777 and 747 will be prepared to support the accelerated rate increases.