Boeing will not reach 737 production target until early 2027
The planemaker cited wing production constraints and says it will miss its 500-jet delivery target this year.
- On Tuesday, Boeing CEO Kelly Ortberg announced the company will not reach its 737 production target of 47 jets per month until early next year, marking a serious setback to recovery efforts.
- Ortberg expects a "stabilization period" lasting into early next year as the manufacturer works to increase monthly output from 42 planes while struggling to produce wings fast enough.
- Third-Quarter results showed $24.2 billion in revenue, a 4% increase year over year, though commercial aircraft division revenue dipped 3% to $10.7 billion and the company lost $116 million.
- Following the announcement, shares of the planemaker fell 2.5% in premarket trading, yet Ortberg stated that uncertainty in Boeing's financial performance is narrowing due to strong commercial aircraft backlog demand.
- Boeing projects free cash flow of $3 billion next year and $6 billion in 2028, significantly below Wall Street analysts' consensus of $5.6 billion and $9.6 billion, according to LSEG data.
22 Articles
22 Articles
From the summer of 2026, Boeing wanted to complete five more machines per month. This target will probably only be achieved next year. The share has fallen to the lowest level in a year and a half.
Kelly Ortberg, CEO of the American airline Boeing, said that the company will not be able to fulfill the plan to supply 500 aircraft by the end of 2026. “The company will only be able to reach the 737 aircraft production target of 47 units per month by the beginning of 2027. This was a serious obstacle to the company's recovery process. As a result, Boeing will not fulfill its plan to supply 500 aircraft this year,” Ortberg quotes Reuters as say…
Boeing CEO says 737 production target will be delayed until early 2027
SEATTLE - Boeing will fall short of its 737 production goal of 47 planes a month, CEO Kelly Ortberg advised, until early in 2027, leaving the company at a monthly production capacity of 41 which means the company will not reach its delivery target of [...]
The CEO of Boeing, Kelly Ortberg, said on Tuesday (27) that the company will only reach its production target of 47 737 jets per month next year, a serious setback for the ongoing recovery of the company. The company had planned to reach the target last summer of the North Hemisphere, but this will only occur at the beginning of next year, Ortberg said in an interview with CNBC. In September, he said that Boeing was not able to manufacture the w…
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