Here's the updated model. Notes: YTD commercial deliveries are 280, compared to 312 for the whole of last year when the MAX inventory was high. Defense saw another 62. MAX production is humming again and approaching the FAA rate of 38 per month. We expect this rate to be increased to 42 sooner than expected. YTD orders: 668 compared to last year's 569. So, book-to-bill is improving. Business remains MAX-heavy, though there was a notable 777X order from Qatar. Overall, news from Boeing is better than last year, and the trend shows more good news is to be expected.
