In news related only by the company that's making it, Boeing also confirmed that it's delivered its first 747-8 freighter to Luxembourg-based Cargolux. The 747-8 made further news by virtue of its carrying the first four GEnx engines ever built by General Electric
GE promises to build and deliver at least 140 engines by the end of this year, more than enough to support Boeing's target of 25 to 30 deliveries of 787s and 747-8s this year. Next year, GE expects to ramp up to 200 engine deliveries. That should suffice to outfit the 40 787s Boeing has already mostly finished, and parked around Everett's Paine Field in Washington, awaiting completion. (The real test will come in 2013, when Boeing says it expects to begin building Dreamliners at the rate of 10 planes per month -- which will require GE to more than double its rate of engine production.)
Win some, lose some
It's not all good news for Boeing, unfortunately. Last week also marked the definitive end of the company's contract to build a new "Ground Mobile Radio" for the Army. Boeing had been working with Northrop Grumman
So I guess it's lucky that Boeing has this sideline work, building airplanes, to help tide it over.
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Fool contributor Rich Smith does not own shares of any company named above. You can find him on CAPS, publicly pontificating under the handle TMFDitty, where he's currently ranked No. 335 out of more than 180,000 members.
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