Aviation

Boeing Set To Cut 787 Dreamliner Production Rate To 12 Per Month

Boeing temporarily halts deliveries of 787 Dreamliner jets

Commercial Airplane’s third-quarter revenue was $8.2 billion reflecting lower 737 deliveries. Third-quarter operating margin decreased to (0.5) percent reflecting lower 737 deliveries partially offset by a higher margin on the 787 programs. During the quarter estimated costs to produce 737 aircraft included in the accounting quantity increased by $0.9 billion primarily to reflect current assumptions regarding the timing of return to service and the timing of planned production rate increases. There was no significant change to estimated potential concessions and other considerations to customers related to the 737 MAX grounding.

Commercial Airplanes delivered 62 airplanes during the quarter. Given the current global trade environment, the 787 production rate will be reduced to 12 airplanes per month for approximately two years beginning in late 2020. The 777X program is progressing through pre-flight testing and remains on track for first flight in early 2020. The company is now targeting early 2021 for first delivery of the 777X.

Boeing Co faced additional uncertainty on 10 October 2019 over future production rates for its 787 Dreamliner after Russian carrier Aeroflot formally canceled an order for 22 aircraft valued at about $5.5bn at list prices

Commercial Airplanes booked net orders worth $5 billion during the quarter, including orders for twenty 787 airplanes for Korean Air, eight 787 airplanes for Air New Zealand, and six 777 freighters for China Airlines. Commercial Airplanes backlog included nearly 5,500 airplanes valued at $387 billion.

Continue to engage global regulators and customers on safe return to service of the 737 MAX
Revenue of $20.0 billion reflecting lower 737 deliveries and higher defense and services volume
GAAP EPS of $2.05 and core EPS (non-GAAP)* of $1.45 per share
Operating cash flow of ($2.4) billion; paid $1.2 billion of dividends
Total backlog of $470 billion, including nearly 5,500 commercial airplanes
Cash and marketable securities of $10.9 billion provide strong liquidity

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Aviation

Embraer Opens Applications for 2025 Software and Data Science Training Initiative

Embraer, a global leader in aerospace and innovation, is now accepting applications for its 2025 Specialization Program in Software and Data Science (PES).

This nine-month postgraduate course, conducted in partnership with the Federal University of Pernambuco (UFPE), offers remote classes, an initial financial aid of R$ 3,000, and monthly scholarships of R$ 5,000. With only 30 spots available, the program is designed to prepare professionals to meet the growing demands of Embraer’s technology-driven future.

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Andreza Alberto, Embraer’s Vice President of People, ESG, and Corporate Communications, highlights the strategic importance of the program: “We have a robust plan focused on technological innovation and efficiency. The aerospace industry is highly competitive, and we’re confident in the bright future ahead. The demand for professionals who complete this specialization is rising, with over 95% of graduates being hired by Embraer.”

Professor Adriano Sarmento, PES program coordinator at UFPE, adds: “The program offers students a unique education where theory meets real-world applications. The close interaction with professors and Embraer experts enhances this experience, and the curriculum is updated yearly to stay aligned with the latest technological trends.”

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The PES program will train 10 specialists in Data Science and 20 in Embedded Software. Applicants must have graduated between 2019 and 2024 in Exact Sciences and are encouraged to have advanced English skills. Registration is free and must be completed by November 10 at www.embraer.com/pes.

The selection process includes an exam covering Algorithms, Data Structures, Probability, and Mathematics for Computer Science, followed by an interview. Results will be announced by February, with classes starting in March.

The course combines theoretical learning with a hands-on capstone project, all under the mentorship of UFPE and Embraer professionals. Throughout the program, students will also engage in activities that build essential soft skills, complementing their technical education.