Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

The Boeing Company (BA)’s Plane Deliveries Reach 15-Year High

The Boeing Company (NYSE:BA) has been working hard to increase the production rates of its fast-selling commercial jets, and the company is beginning to see its efforts rewarded. On Wednesday, Boeing released figures for the second quarter of 2013, which show that the company has not only increased deliveries by 13% over the quarter, but also delivered more planes in a quarter than it has since 1998. For 2013 to-date, it has also beaten its chief competitor Airbus on deliveries. While the company has a lot of work yet to do in meeting its massive $322-billion commercial jet backlog, this successful uptick in production and deliveries is a very positive sign.

The Boeing Company (NYSE:BA)

The Boeing Company (NYSE:BA) delivered 169 planes in the second quarter, making 306 complete deliveries for the year, so far. About 70% of these were Boeing’s 737 Next Generation, a narrow-body jet due to be replaced by the 737 MAX in 2017. The 737 is already The Boeing Company (NYSE:BA)’s highest-output program, and The Boeing Company (NYSE:BA) is in the process of boosting production 35 to 48 jets per month.

The second quarter also saw Boeing resume delivery of the flagship 787 Dreamliner, the company’s most technologically advanced jet. The company delivered just one of the wide-body planes in the first quarter, as battery problems kept the global Dreamliner fleet grounded for nearly four months. The Boeing Company (NYSE:BA) delivered 16 more Dreamliners in the second quarter, each at a list price of over $200 million. The company is aggressively trying to raise production rates on the Dreamliner to 10 planes per month, an effort it will have to execute quickly if The Boeing Company (NYSE:BA) is going to hit its goal of delivering 60 Dreamliners in 2013.

For investors, this is good news. While The Boeing Company (NYSE:BA) has all the demand it can handle, the company doesn’t get paid if it can’t supply its planes, and the company has struggled in the past to successfully ramp up production. Careful, incremental increases in building rates, without more serious incidents like the 787 grounding, are exactly what The Boeing Company (NYSE:BA) needs to focus on to take advantage of its market opportunity.

The article Boeing Plane Deliveries Reach 15-Year High originally appeared on

Fool contributor Daniel Ferry has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.