- Operating cash flow of $0.1 billion; continue to expect positive free cash flow for 2022
- Increased 737 production to 31 per month; working with FAA on final actions to resume 787 deliveries
- Successfully completed CST-100 Starliner uncrewed Orbital Flight Test-2 (OFT-2)
- Revenue of $16.7 billion; GAAP earnings per share of $0.32 and core (non-GAAP)* loss per share of ($0.37)
- Total backlog of $372 billion; including over 4,200 commercial airplanes
Boeing has made its second quarter results official. It has been demonstrated that improvements have certain positive aspects. Going forward, it is anticipated that as the Boeing 787 max returns to service, cash flow will improve and output will gradually rise as well. On the other hand, the Boeing 737 Max production pace increased to 31 aeroplanes each month. Certainly assisting businesses in concentrating on the new projects once the deliveries of all aircraft ramp up.
Boeing has nearly completed the global safe return to service of the 737 MAX and the fleet has flown more than 1.5 million total flight hours since late 2020. The 737 production rate increased to 31 airplanes per month during the quarter.
On the 787 program, the company continues to work with the FAA to finalize actions to resume deliveries and is readying airplanes for delivery. The program is producing at a very low rate and will continue to do so until deliveries resume, with an expected gradual return to five per month over time. The company still anticipates 787 abnormal costs of approximately $2 billion, with most being incurred by the end of 2023, including $283 million recorded in the quarter.
Boeing orders at Farnborough airshow is here
“We made important progress across key programs in the second quarter and are building momentum in our turnaround,” said Dave Calhoun, Boeing President and Chief Executive Officer. “As we begin to hit key milestones, we were able to generate positive operating cash flow this quarter and remain on track to achieve positive free cash flow for 2022. While we are making meaningful progress, we have more work ahead. We will stay focused on safety, quality and transparency, as we drive stability, improve performance, and continue to invest in our future
Commercial Airplanes secured orders for 169 737 MAX airplanes and 13 freighters, including seven 777-8 Freighters from Lufthansa Group. Commercial Airplanes delivered 121 airplanes during the quarter and backlog included over 4,200 airplanes valued at $297 billion.
Global Services second-quarter revenue increased to $4.3 billion and second-quarter operating margin increased to 16.9 percent primarily driven by higher commercial services volume and favorable mix.
During the quarter, Global Services received a contract for airlift flight dispatch services from the U.S. Air Force and was awarded a contract for avionics upgrades and cybersecurity support for the U.S. Navy. Global Services also delivered the first A-10 wing set to the U.S. Air Force.
Austrian Ministry of Defense selects the C-390 Millennium as its new military transport aircraft
The Austrian Ministry of Defense announced today the decision to select the C-390 Millennium aircraft as its new tactical transport solution. Embraer is honored to be chosen to support this important Air Force in Europe.
Austria joins Brazil, Portugal, Hungary, and the Netherlands as the future operators of the C-390 Millennium multi-mission platform, an aircraft that is rapidly redefining the standards of tactical transport in the world defense market.
Embraer is ready to support the Austrian Ministry of Defense and Air Force in order to meet the demanding requirements of their acquisition process and is prepared to further strengthen the relationship with this nation.
U.S. F-35 Fighter Jet Missing in South Carolina, and Asks Public for Help
A US fighter jet went missing in South Carolina during a training mishap. According to US military officials, the search for his missing aircraft was centered on two lakes north of North Charleston.
At around 2 p.m. (local time), the pilot evacuated and safely parachuted into a North Charleston neighborhood. He was transferred to a nearby hospital, where he was in stable condition.
Military officials appealed to the public for assistance with finding the aircraft on Twitter.
Authorities stated that they are currently looking into the cause of the pilot’s ejection. According to Salinas, the pilot of a second F-35 made a safe landing at Joint Base Charleston. The pilots and their aircraft were part of the Marine Fighter Attack Training Squadron 501, which is stationed in Beaufort, which is close to the Atlantic coast of South Carolina.
According to base authorities, they were conducting a search over two lakes to the north of Charleston in collaboration with federal aviation authorities. Each of the aircraft, made by Lockheed Martin, cost about USD 80 million.
A Flight to Freedom: How Qatar Airways Helped Save a Lion’s Life
Reuben’s Second Chance: From a Cage in Romania to African Wilderness
Imagine sitting in a small cage for 6 years. Would you rather enjoy life or give it up? One of the Lions was living alone in Romania and stopped roaring after being left alone in the cage with no other animals nearby.
Qatar Airways assists this lion in living its second life by transporting it from Romania to an African forest where he can enjoy the rest of his life with other lions.
The CEO of ADI (Animal Defender International) Wildlife Sanctuary, John Kramer, in South Africa, took the initiative to bring these lions back from Romania. The entire purpose of this Sanctuary is to give back to these animals from circuses, animals who have never seen their native land, animals who have never walked on grass, lived in tiny cages bare balls, never had the sun on their backs, and all they’ve done is sit in a box to entertain humans and have never experienced anything of their natural life.
The goal of ADI Wildlife Sanctuary is to give them back as close to the life they lost as possible, which is why they have such large habitats. The reason is that he was born in a privately owned zoo in Armenia, and the family decided to close the zoo and have the animals removed, leaving him behind. He’s been alone for 6 years, and he’s actually stopped roaring.
Qatar Airways’ Compassion Soars: Lion Rescued and Rehomed in Africa
They were out of options for a flight out of Armenia for Reuben due to the size of the crate and they didn’t know what they were going to do until Qatar Airways cargo stepped in and not only said that they would arrange the flights and bring in the special aircraft, but their We Care Programme paid for Ruben’s flight. They’ve been able to begin moving out and are so happy to get up Airways cargo for allowing Reuben to live the life he lost.
What they hope to accomplish for Ruben today in the habitat here is for him to hear the voices of other lions, and he will hear a lot of lion voices here, which will give him a second shot at life. The team is overjoyed because this battered Old Lion King will be walking on African soil for the first time, and the magic of him being back where he belongs, where his forefathers came from, and with his own kind again, but he will see them, hear them, smell them, he will literally be home, and he will spend the rest of his life in Freedom.
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