- CEO Kelly Ortberg said stabilizing 737 Max production is taking longer than expected, with wing production at the Renton, Washington, factory acting as the current constraint and plans in place to address it.
- Boeing is producing about 47 737 Max aircraft per month and expects to increase output next year.
- Ortberg expects certification of the largest 737 Max model, the Max 10, very soon; that plane is years behind schedule.
- Boeing stock fell more than 5% in afternoon trading after Ortberg's comments at a Morgan Stanley industry conference.
Quotes
“737 Max production is taking "a little bit longer" than expected to stabilize”
“Wings production at its Renton, Washington, factory is a hold up”
“certification of the Max 10, the largest model in the family "very soon.”