Boeing Delivered 183 Commercial Jets in Q2; Total for Year Down 23

Boeing Co. (NYSE: BA) delivered 183 commercial jets in the second quarter of 2017, a drop of 16 compared to the 199 deliveries in the second quarter of 2016. Boeing delivered 748 commercial jets in 2016, and in January forecast deliveries of 760 to 765 for 2017, roughly equal to the 762 planes it delivered in 2015.

For the year to date, Boeing has delivered a total of 352 commercial planes, well below half the company’s expected total for this year. At the end of last year’s second quarter, Boeing had delivered 375 commercial aircraft to customers.

Of its three major products, sales of the 737 fell from 127 last year to 123, sales of the 777 fell from 28 to 21, and 787 sales fell from 38 to 33.

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In Boeing’s defense, space and security division, sales of new AH-64 Apache helicopters fell from 15 in the first six months of last year to five this year, although sales of remanufactured AH-64’s rose from 18 to 28. Sales of new CH-47 Chinook helicopters fell from 10 to four, while sales of renewed Chinooks rose from 16 to 19. Sales of F-15 fighter jets were flat at seven, while sales of the newer F/A-18s dipped from 14 to 12.

Here’s the rundown on Boeing’s second-quarter and first-half deliveries of commercial jets:

• 737 family: 123; 236
• 747 family: 3; 4 (one is an operating lease)
• 767 family: 3; 5
• 777 family: 21; 42
• 787 family: 33; 65

Boeing’s shares traded up about 0.5% shortly before the noon hour Friday, at $202.57 in a 52-week range of $126.31 to $204.39. The consensus price target is $192.700.

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