Boeing's Muilenburg says confident about $25 billion in deferred 787 costs

NEW YORK Mon Mar 10, 2014 3:08pm EDT

Workers at South Carolina Boeing work on a 787 Dreamliner for Air India at the plant's final assembly building in North Charleston, South Carolina December 19, 2013. REUTERS/Randall Hill

Workers at South Carolina Boeing work on a 787 Dreamliner for Air India at the plant's final assembly building in North Charleston, South Carolina December 19, 2013.

Credit: Reuters/Randall Hill

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NEW YORK (Reuters) - Boeing Co (BA.N) Chief Operating Officer Dennis Muilenburg said on Monday that the company remains very confident about its estimated $25 billion in deferred costs for its 787 Dreamliner.

He said the deferred cost balance will begin to decline as the company hits a 12-a-month production rate for the high-tech jet, which Boeing has said it expects to reach in mid-2016.

(Reporting by Alwyn Scott)

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