Boeing Confirms 747 End, Production Rate Reduction for Most Programs

Boeing announced today its results for the second quarter of the year and it comes as no surprise that the balance continues to be negative, even with the significant contribution of Boeing Defense & Space and Boeing Global Services. With Boeing Commercial facing such a challenging time, the company is trying to rearrange its landscape as best it can. To do that, it needs to change the pace of production on its assembly lines. With aircraft demand in a steep…