Boeing delivered 115 commercial airplanes in the first quarter, up 8 percent from a year ago. The aerospace company's newly announced total...

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Boeing delivered 115 commercial airplanes in the first quarter, up 8 percent from a year ago.

The aerospace company’s newly announced total leaves it just off the pace needed to reach its full-year target of 475 to 480 planes in 2008. The first-quarter figure was up from 106 a year ago, when the company registered its highest quarterly total in nearly five years.

The bulk of deliveries consisted of 87 of its narrowbody 737s. Boeing says it also delivered 21 777s, four 747s and three 767s in the quarter.

The first deliveries of its delayed and much-awaited 787 aren’t expected until sometime in 2009.

Boeing shares fell 64 cents to $76.21 in morning trading — down 13 percent since the start of the year.