The U.S.-China trade situation “has presented challenges for our wide-body production plans,” Chief Executive Dennis Muilenburg said during a conference call with analysts. Boeing has reduced its production targets for the 787 jet from 14 per month to 12 in late 2018 after receiving fewer orders than predicted from China , which the company claims is a result of the country 's trade war with the US . While Boeing recently announced completion of stage one of its trade pact with Beijing , Boeing 's CEO Dennis Muilenburg stated that the firm must remain disciplined in its production plan after a reduced balance sheet over the last couple of years . This week , the plane manufacturer also announced a 50.6 % drop in Q3 2019 profits to $ 1.2bn .
Boeing has reduced its production targets for the 787 jet from 14 per month to 12 in late 2018 after receiving fewer orders than predicted from China , which the company claims is a result of the country 's trade war with the US . While Boeing recently announced completion of stage one of its trade pact with Beijing , Boeing 's CEO Dennis Muilenburg stated that the firm must remain disciplined in its production plan after a reduced balance sheet over the last couple of years . This week , the plane manufacturer also announced a 50.6 % drop in Q3 2019 profits to $ 1.2bn .