Premium – 787 Orders and the accounting block

Bloomberg has an interesting article out today.  The focus of the story is Boeing and Spirit. But there is an item that caught our eye. “The Boeing-Spirit deal also extends the number of planes covered by the 787 agreement to 1,300 units from the 1,003 carbon-composite jets covered under the current arrangement, and establishes a “planning block’’ through line unit 1,405.

That’s an indication that Boeing might also be planning to raise its accounting block – an estimate of sales used to calculate profits under the arcane rules of program accounting – from the current 1,300 planes.”