Boeing lays ground to cut 777 rates again

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.

full article: https://leehamnews.com/2016/08/11/boeing-lays-ground-cut-777-rates/