Thursday July 2, 05:06 PM
UPDATE 1-Boeing commercial deliveries edge down in 2nd qtr
ATLANTA, July 2 (Reuters) - Boeing Co (NYSE: BA - news) said on Thursday that it delivered 125 commercial aircraft during the second quarter,
bringing its total deliveries to 246 for the year to date.
The 2009 second-quarter delivery tally compares with 126 commercial airplanes delivered in the year-earlier second quarter.
Deliveries for commercial airplanes don't 'seem to be anything unusual,' said Alex Hamilton, analyst with Jesup & Lamont Securities.
'Where I think we really don't have visibility, which is more of a driving concern for the stock, is what orders are going to be, deliveries potentially in 2011 and beyond.'
Boeing's shares have retreated since the planemaker announced last week that it would postpone the test flight of its revolutionary Dreamliner 787 commercial plane, which had been set to take place during the second quarter.
The company cited a structural flaw but did not give an expected future flight date for the 787, which is already two years behind original schedule.
Boeing, the world's No. 2 planemaker behind EADS (Paris: NL0000235190 - news) unit Airbus, also reported on Thursday that its defense operations had 33 deliveries in the second quarter, bringing its year-to-date total to 59.
The company's shares were off $1.35, or 3.2 percent, to $40.88 on the New York Stock Exchange near midday. Boeing shares are down about 4 percent so far this year.
(Additional reporting by Deepa Seetharaman in New York, editing by Gerald E. McCormick) Keywords: BOEING/
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