Its been a long journey but Boeing and its suppliers are almost there in delivering the first 787 to a commercial customer which, in this case is All Nippon Airways (ANA). Due for delivery next month this first aircraft is powered by Rolls-Royce Trent 1000 engines.
ANA and the general public will soon get to see whether the reality matches the hype surrounding the "Dreamliner" with its large proportion of composite materials and revolutionary new design.
There are currently in the region of 827 firm orders for the aircraft and Rolls-Royce has won orders for 217 (37.5%) of the the 578 aircraft where an engine choice has been made. The remaining 361/578 are to be supplied by the only other engine choice on the 787, General Electric.
Orders for the aircraft peaked at 910 (2008) but today's 827 reflects 83 cancellations since 2008. However, there are also options and rights for a further 483 aircraft so, taking the bigger picture, it will be a significant milestone to all stakeholders when the first aircraft is delivered, and it will be a relief to start seeing production rates and cash inflows from the heavily invested project.
For Rolls-Royce, at 2 engines per aircraft and using the 37.5% of orders won as the forward assumption, that could be 610 engine orders plus potential service, maintenance, and repair contracts. So it can only be good news for the company and its shareholders to get these engines into the field.
Roll on that first delivery (of many)!
Rolls-Royce @ 600.5p, -9.5p (-1.56%)
General Electric @ $16.23, +$0.08 (+0.5%)
Boeing @ $62.18, -$0.05 (-0.08%)
Related articles and links
- en.wikipedia.org: List of Boeing 787 orders
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