SEATTLE, Sept. 16 — Boeing announced today its production rate for the Next-Generation 737 program will increase to 38 airplanes per month in the second quarter of 2013. This decision comes just months after announcing a rate increase on the company’s best-selling commercial jetliner from 31.5 to 35 airplanes per month in early 2012.

"Increasing production is in response to customer demand for this airplane," said Boeing Commercial Airplanes President and CEO Jim Albaugh. "Airlines want this innovative airplane sooner to renew their fleets to serve their customers. We made this decision after careful evaluation by Boeing and our supplier partners."

Key factors to the rate decision include the company’s current backlog of more than 2,000 Next-Generation 737s, current options that customers are expected to exercise and ongoing sales campaigns. The rate increase is not expected to have a material impact on 2010 financial results.

Next-Generation 737 customers have benefited from continuous innovation of the airplane since its introduction in 1997. The first five airlines will receive the new 737 Boeing Sky Interior by the end of this year. Customers will gain from a two percent reduction in the airplane’s fuel consumption by early 2012, through a combination of airframe and engine improvements.

The 2010 Current Market Outlook, Boeing’s long-term forecast of air traffic volumes and commercial airplane demand, projects a market of over 21,000 single-aisle airplanes over the next 20 years, accounting for an anticipated 69 percent of the airplanes delivered and an estimated 47 percent of the $3.6 trillion total market value.

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.

SINGAPORE, Sept. 15 — The commercial aviation industry will require 466,650 pilots and 596,500 maintenance personnel over the next 20 years to accommodate the strong demand for new and replacement aircraft, according to a crew assessment forecast from Boeing. Airlines will need an average of 23,300 new pilots and 30,000 new maintenance personnel per year from 2010 to 2029.

The crew assessment forecast is based on Boeing’s Current Market Outlook, widely regarded as the most comprehensive and respected analysis of the commercial aviation market. “When you add up all the numbers, you quickly understand the issues facing this industry,” said Roei Ganzarski, chief customer officer, Boeing Training & Flight Services. “Our challenge is adapting our training to engage the future generation of people who will fly and maintain the more than 30,000 airplanes that will be delivered by 2029.”

The largest growth in both pilots and maintenance workers will be in the Asia-Pacific region with a requirement for 180,600 and 220,000 respectively. Within Asia, China will experience the greatest need for pilots and maintenance personnel — 70,600 and 96,400 respectively.

North America will need 97,350 pilots and 137,000 maintenance workers; Europe will need 94,800 pilots and 122,000 maintenance personnel; Africa will need 13,200 pilots and 15,000 maintenance personnel; the Middle East will need 32,700 pilots and 44,500 maintenance personnel; Latin America will need 37,000 pilots and 44,000 maintenance personnel; and the CIS will need 11,000 pilots and 14,000 maintenance personnel.

“To accommodate this growing demand, it will be vital to match training with the learning styles of students to come,” Ganzarski said. During the recent Asia Pacific Aviation Training Symposium in Kuala Lumpur, Ganzarski called for changes to current training methodologies. “As an industry, we need to adapt to the learning styles of tomorrow’s technologically savvy pilots and mechanics, and ensuring that training is globally accessible, adaptable to individual needs and competency-based.”

EVERETT, Wash., Sept. 14 — Boeing achieved another significant milestone for the first 747-8 Intercontinental Sunday night with the assembly of the airplane’s forward fuselage. The 89-foot, 2-inch (27.2 meters) fuselage section, featuring the airplane’s signature upper deck, was moved from the assembly tool for sealing and testing before beginning systems installation.
The 747-8 features a stretched fuselage compared to that of the 747-400. It is 18 feet, 4 inches (5.6 meters) longer than its predecessor. Much of the stretch — 13 feet, 4 inches (4.1 meters) — is located in the forward fuselage. The remaining additional 5 feet (1.5 meters) are located aft of the wing. The 747-8’s stretched fuselage provides for 51 additional seats to accommodate 467 passengers in a typical three-class configuration and 26 percent more cargo volume.

The Boeing 747-8 Intercontinental is the new, high-capacity 747 that offers the lowest operating costs and best economics of any large passenger airplane, while providing enhanced environmental performance.

WASHINGTON, Sept. 9, 2010 — The Boeing Company at next week’s U.S. Air Force Association (AFA) Air & Space Conference and Technology Exposition, will highlight a range of affordable, low-risk solutions that enable the Air Force to fly, fight and win in air, space and cyberspace. The conference takes place Sept. 13-15 at the Gaylord National Resort and Convention Center, National Harbor, Md.
“Events such as the annual AFA conference give us the opportunity to listen to our valued Air Force customers, gain a better understanding of their needs and challenges, and discuss what we can do to deliver more capable and affordable products and services to the warfighter,” said Jack Catton, Boeing Government Operations vice president of Combat Air Force Systems. “As a trusted industry partner, Boeing is committed to keeping America’s Air Force capable, relevant and mission-ready.”
Some of the solutions that Boeing will highlight at its exhibits and in its media engagements are the NewGen Tanker; the P-8 Aerial Ground Sensor aircraft; the C-17 Globemaster III airlifter; the Advanced F-15E fighter; the Phantom Eye and Phantom Ray unmanned airborne systems; the C-130 Avionics Modernization Program and Air Force support and logistics services; cybersecurity; and military space programs such as GPS and Wideband Global SATCOM.

Boeing’s exhibits at this year’s AFA conference will feature more interactivity for customers and other conference attendees.

“The best way to showcase the capabilities of Boeing’s innovative products and services is to offer hands-on, interactive experiences,” Catton said. “In addition to the NewGen Tanker and 737 Family of Systems technology demonstration trailers and their advanced flight simulators, we’ll offer a sneak preview of the upcoming 3-D IMAX film ‘Rescue.’ This Boeing-sponsored film includes compelling C-17 and CH-47 footage from humanitarian relief operations around the world.”

The following media briefing will be held in Maryland Briefing Room 4 at the Gaylord National Resort and Convention Center:
TUESDAY, Sept. 14
1330 – 1430: Filling the U.S. Government’s Satellite Capacity Gap
Jim Simpson, vice president of Business Development, Space & Intelligence Systems, and Bill Reiner, assistant director of Satellite Communications and Cyber Security for Government Operations, discuss military and commercial satellites, hosted payloads and what Boeing is doing to help the U.S. government fill its satellite capacity needs.
A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world’s largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $34 billion business with 68,000 employees worldwide.