Boeing CFO Says Company Will Move Toward Steady 737 Production Rate Of 38 Per Month In Second Half Of 2024; It Is Cycling 737 Production At 38 Per Month But Is Having To Slow Line Periodically
Portfolio Pulse from Benzinga Newsdesk
Boeing's CFO announced at an investor conference that the company aims to achieve a steady production rate of 38 737 aircraft per month in the second half of 2024. Currently, Boeing is cycling production at this rate but has to periodically slow the line.
February 13, 2024 | 3:52 pm
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Boeing's CFO announced a target for a steady 737 production rate of 38 per month by the second half of 2024, indicating a focus on stabilizing production despite current challenges.
The announcement of a target for a steady production rate is a positive signal for investors, indicating that Boeing is addressing its production challenges and has a clear plan for the near future. This could lead to improved efficiency, cost savings, and potentially higher revenues from increased production rates, positively impacting the stock price in the short term.
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