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Boeing lays ground to cut 777 rates again

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Aug. 11, 2016, © Leeham Co.: Boeing is laying the groundwork to further reduce the production rate on the 777 Classic and scrap a planned rate increase for the 787 from 12 to 14/mo.
Greg Smith, CFO of The Boeing Co., reiterated a message from CEO Dennis Muilenburg during the 2Q2016 earnings call that these rate adjustments may be forthcoming.
Smith made his remarks at an investors day conference sponsored by Jefferies & Co.
More:

Boeing will not raise 787 production unless market demands it:

http://www.reuters.com/article/us-boeing-production-idUSKCN10L1KQ

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Boeing will cut 777 production in Everett next summer

 

A slowdown in orders means the rate will be cut in August from 7 planes per month to 5, with an unspecified impact on jobs. And in 2018, the rate will drop further, to 3.5 planes per month.

 

See:

http://www.seattletimes.com/business/boeing-aerospace/boeing-will-cut-777-production-in-everett-next-summer/

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