Boeing: 787 reliability 98% but still needs to improve

|About: The Boeing Company (BA)|By:, SA News Editor

The Boeing (BA) 787's reliability has improved to 98%, says company VP MIke Fleming, but it's still not good enough.

"We're not satisfied with that reliability level of the airplane; the 777 today flies at 99.4%...and that's the benchmark that the 787 needs to attain," Fleming says.

Fleming's comments follow a series of 787 incidents over the last year or so, the latest of which involved smoke risking from the battery.

Meanwhile, Boeing and General Dynamics (GD) have agreed to pay the U.S. Navy $200M each in aircraft and services in order to settle a 23-year legal battle over the 1991 cancellation of the $4.8B A-12 stealth aircraft program.