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Boeing's production plans face for 737 face a two-month delay - report

Published Dec 07, 2023 12:19PM ET
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© Reuters. Boeing's (BA) production plans face for 737 face a two-month delay - report
 
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Boeing (NYSE:BA) is adjusting its production plans for the 737 narrowbody jetliner, informing suppliers of a two-month delay, Reuters reported today.

The new schedule sets production at 42 jets per month starting in February 2024, instead of the initially targeted end of 2023. This adjustment is attributed to a supplier error that impacted ramp-up plans.

Shares are down 1.3% on the day after initially dipping more than 2%.

The subsequent rate increases are also affected, with targets of 47.2 jets a month moved from June to August 2024 and 52.5 jets a month moved from December 2024 to February 2025.

Boeing aims to achieve its pre-pandemic goal of 57.7 aircraft per month in October 2025, delayed by three months from the original July 2025 target.

Analysts had already suspected Boeing would alter its on-paper schedule.

Boeing's production plans face for 737 face a two-month delay - report
 

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