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Italy’s Leonardo says Boeing to update 787 production plan this month By Reuters

© Reuters. FILEPHOTO: The Farnborough Airshow is a showcase for a Boeing 787-8. It was displayed in Farnborough on July 16, 2018, Britain. REUTERS/Peter Nicholls/File Photo

DUBAI (Reuters), – Leonardo, the chief executive of Leonardo Italian Aerospace Company stated that Boeing (NYSE:) would soon release an updated production schedule for the 787 Dreamliner wide body jet.

Alessandro Profumo from Leonardo said to Reuters that they would come up with a different plan within the next day. He spoke at the Dubai Expo. They are being optimistic, they say.

Profumo declined to say whether Boeing would make any changes in its production rates for the revised plan. Leonardo produces a part of the Dreamliner aircraft frame.

According to a Boeing representative, the planemaker had not received any information on 787 production. The representative from Boeing did not comment on whether the new production plan would be available soon.

“We are constantly analysing the global aviation market, coordinating closely with suppliers and aligning supply with demand.”

Profumo stated that Leonardo anticipates Boeing producing 10 Dreamliners per month by 2025. This is based on existing information from the planemaker.

According to latest data, Boeing produced 14 units per month in 2019.

In May, the Dreamliner was grounded by American planemaker Boeing after concerns raised by Federal Aviation Administration regarding its inspection procedure.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.