777X was central to long-term strategy, but certification and production delays have pushed back deliveries by years
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Boeing pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5bn charge due to the delays, in another series of setbacks for the aerospace giant.
The 777X was central to Boeing’s long-term widebody strategy, previously dominated by its iconic 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of over $15bn and straining its finances, while giving an opening to rival Airbus’s competing A350 as international travel continues to surge.
Last month, CEO Kelly Ortberg said the company was behind schedule in certifying the jet, saying a “mountain of work” needed to be done but did not mention further delay to first delivery, which was slated for 2026, at the time. He said, however, no new technical problems had been identified. Including charges disclosed on Wednesday, Boeing has taken about $15bn in charges related to the 777X program. The latest charge includes penalties owed to customers for late deliveries.
