Boeing CEO: 737 Max production taking 'a little bit longer' to stabilize than expected
CNBC • • business
Key Points:
- Boeing's 737 Max production is taking longer than expected to stabilize, but the company plans to increase output next year, CEO Kelly Ortberg told investors.
- Boeing is currently producing about 47 737 Max aircraft per month, with wing production at its Renton, Washington factory identified as a current bottleneck.
- Ortberg expects certification of the Max 10 model, the largest in the family and years behind schedule, to happen "very soon."
- Boeing's stock fell more than 5% following Ortberg's comments during the Morgan Stanley industry conference.
- The CEO did not anticipate immediate aircraft orders from China ahead of President Trump's meeting with Chinese leader Xi Jinping, stating that orders will be announced by airlines at their own pace.
