Boeing Reduces 737 Max Production
Reportedly Boeing recently cut down the production rate of its 737 Max aircraft from 52 to 42 per month with effect from mid-march this year. Dennis Muilenburg CEO, Boeing said company’s long-term production amidst the grounding has not changed. However, Muilenburg was uncertain as to when the production outlook would be back to normal and he further stated “I won’t put a timeline on it because it will be paced by a return to service (of the MAX),” as reported to CNBC. The company has been reported to be working with the regulators on the upgraded software and expects the aircraft to be back in operations by this year-end.
Spirit AeroSystems Inc. in Wichita, responsible for 70 percent of the aircraft’s production is continuing to build its portion at 52 per month accounting for half of its annual sales.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
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