Boeing Secures Landmark Service Deal Amid Fleet and Restructuring Moves

At the Singapore Airshow, Boeing announced the largest services agreement in its history, a significant milestone underscoring the strategic growth of its aftermarket business. The Singapore Airlines Group has entrusted the U.S. aerospace giant with the maintenance of landing gear for a fleet exceeding 75 aircraft. This arrangement highlights the increasing importance of Boeing's Global Services division as a core revenue pillar.

Alongside this record contract, the company provided updates on several key commercial programs. Boeing confirmed that initial deliveries of 787-9 and 787-10 jets with increased maximum takeoff weight are scheduled for early 2026. This modification offers carrier customers greater flexibility, allowing for extended range or additional cargo capacity—a competitive feature in the market rivalry with Airbus.

Progress is also accelerating on the long-delayed 777X program. A first flight for a production-representative aircraft is now targeted for April 2026, with certification expected to follow in the second half of that year. Initial deliveries are anticipated in 2027. The success of this widebody initiative is crucial for Boeing's standing in the lucrative long-haul aircraft segment.

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To address its substantial order backlog, the manufacturer continues to ramp up output of its 737 narrowbody. The production rate is planned to reach 47 jets per month by the end of 2026. Recent orders, including commitments from Air Cambodia for up to 20 aircraft and a deal with Air India for 30 jets, reflect sustained demand for the model.

Organizational Restructuring Underway

Concurrent with these operational developments, Boeing is moving forward with internal restructuring efforts that impact its workforce. The company is eliminating approximately 300 positions within the supply chain division of its defense unit. Furthermore, between 250 and 300 engineering roles are being relocated from Washington state to South Carolina, the site of final assembly for the 787 Dreamliner. Management states these consolidation steps are designed to enhance process efficiency and reduce costs.

The latest announcements depict an aerospace leader navigating a dual-track reality: robust demand and growing services revenue on one side, countered by persistent cost pressures and program delays on the other. The upcoming 777X certification timeline stands as a critical test of Boeing's ability to meet its ambitious scheduling goals.