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Boeing contends with $489B order backlog

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The Boeing Co. sees demand for its products surge and currently carries a $489 billion backlog of jet orders.

Greg Smith, CFO and executive vice president of business development and strategy, said this week that Boeing Commercial Airplane’s order book has created a “unique time in our history,” and the company is now focused on execution.

He spoke at the Jefferies Industrials Conference in New York.

Boeing’s top target for productivity is its Dreamliner, which still isn’t making money on per-plane basis, even though Boeing has delivered 300 of the carbon fiber jets.

“There’s no question, getting 787 costs down unit-to-unit, is the biggest productivity challenge we have in the company,” Smith said. “There’s not a lack of ideas. It’s just time. We have a lot of work to do.”

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Boeing brings a strong economic impact to Ohio and the Dayton region.

In its latest supplier report, Boeing says it spent $11.4 billion with 375 companies in the Buckeye State. Although a big chunk of Boeing’s spend in Ohio goes to GE Aviation and affiliated companies — which has a massive economic impact of its own in the Dayton region — the aircraft maker has numerous other vendors in this area.

Boeing contends with $489B order backlog

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