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Boeing Wraps up 2011 With Record-Breaking Order Announcements, 2012 Expected to be 'Year of the 737 MAX'

- Market-leading 777 wins most orders ever in a single year
- 737 MAX orders and commitments now top 1,000 since launch
- Orders from Emirates and Southwest Airlines set new records

SEATTLE, Jan. 5, 2012 /PRNewswire/ -- Boeing (NYSE: BA) booked 805 net commercial airplane orders in 2011, fueled by a late flurry of record-breaking deals. The company also delivered 477 airplanes, ending the year with a strong backlog of 3,771 unfilled commercial orders.

"This past year was one of the most exciting and important years in Boeing's history," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "By placing record orders, our customers showed their confidence in our products and the quality of work performed by our employees. Our goal in 2012 is to ensure that 787 production is stable and reliable, while maintaining focus on execution as we deliver an increasing number of airplanes across all our programs."

The 777 once again led Boeing's twin-aisle programs by setting a new record for orders in a single year at 200, solidifying the company's lead in the widebody segment of the market. Meanwhile, the launch of the 737 MAX spurred historic deals that resulted in more than 1,000 orders and commitments to date from 15 customers.

"The 737 MAX, with its unmatched efficiency, will be a key part of our customers' future fleet needs. As our current commitments become firm orders and we add even more customers, I have no doubt that 2012 will be the 'Year of the 737 MAX'," said Albaugh.

Orders, deliveries and backlog at the end of 2011 by program were as follows:

 

Gross Orders

Net Orders

Deliveries

Unfilled Orders

737

625

551

372

2,365

747

7

-1

9

97

767

42

42

20

72

777

202

200

73

380

787

45

13

3

857

Total   

921

805

477

3,771

On top of a strong backlog, the growing demand for Boeing airplanes is driving production rate increases across most of our airplane programs over the next two years. Most notably, 737 will increase production to 38 airplanes per month (35 per month rate begins this month), 777 to 8.3 airplanes per month (currently at 7 per month), and 787 to 10 airplanes per month (currently at 2.5 per month).

Boeing Commercial Airplanes highlights in 2011 included:

A detailed report of Boeing Commercial Airplanes orders and deliveries is available on the Orders and Deliveries website.

Forward-Looking Statements

Certain statements in this report may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "intends," "plans," "projects," "believes," "estimates," "targets," "anticipates," and similar expressions are used to identify these forward-looking statements. Forward-looking statements are based upon assumptions about future events that may not prove to be accurate. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak to events only as of the date they are made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by federal securities laws. Specific factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, statements we make regarding our guidance relating to future financial and operating performance, the effect of economic conditions in the United States and globally, and general industry conditions as they may impact us or our customers, as well as the other important factors disclosed previously and from time to time in our other filings with the Securities and Exchange Commission.

Contact:
Doug Alder
Boeing Commercial Airplanes Media Relations
+1 206 544 1814
doug.alder-jr@boeing.com  

SOURCE Boeing

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