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Boeing will not reach 737 production target until early 2027

Boeing CEO Kelly Ortberg said on Tuesday that the company will not reach its 737 production rate target of 47 jets a month until next year, a serious setback to the company's ongoing recovery.The...

Boeing will not reach 737 production target until early 2027

Boeing CEO Kelly Ortberg has stated that the company will not meet its target of producing 47 Boeing 737 jets per month until early 2027, a significant setback for the company's recovery. The production target was initially planned to be reached this past summer. However, Boeing has faced challenges in manufacturing wings quickly enough to meet the demand.

This production issue has impacted Boeing's cash flow, as deliveries of the popular single-aisle jetliner are a crucial driver. Shares of Boeing fell by 5% in early trading amidst ongoing recovery efforts following years of crises and controversies.

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