Skip to content
Sign In Subscribe
Transportation — Business

Boeing's 737 Max Ramp-Up Hits Turbulence, Stock Sinks

Speaking at a Morgan Stanley conference, Ortberg blamed wing manufacturing bottlenecks at the company's Renton, Washington plant

,   and  TIPP Staff
2 min read
Photo by Luca Cavallin / Unsplash

Boeing's stock fell nearly 4% on Wednesday after CEO Kelly Ortberg admitted that ramping up 737 Max production to 47 jets per month is taking longer than planned.

Speaking at a Morgan Stanley conference, Ortberg blamed wing manufacturing bottlenecks at the company's Renton, Washington plant. He said hitting an even higher target of 52 jets monthly next year depends on faster wing output and certification of a new 737 line in Everett.

💡
CFO Jay Malave added that delays on both the 737 and 787 programs will likely push Boeing's free cash flow to around $2 billion, the midpoint of its earlier guidance, rather than the hoped-for $3 billion. On the 787, engine shortages are slowing plans to increase output to 10 jets monthly.

Ortberg also said the long-delayed 737 Max 10 will be certified "very soon," and downplayed expectations of a major Chinese order tied to President Trump's upcoming meeting with Xi Jinping.

Related Tweet:

Also Read:

Saudi F-15 Allegedly Shot Down As Houthi Offensive Expands
The Houthis said the aircraft was hit by a locally manufactured surface-to-air missile while conducting operations over Marib province.
tippinsightsTIPP Staff

Comments

Related

Latest