Boeing 737 Max Production Taking Longer Than Expected — SkimNews
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- Boeing CEO Kelly Ortberg said 737 Max production is taking "a little bit longer" than expected to stabilize, telling investors the company plans to increase output next year.
- Boeing stock fell more than 5% in afternoon trading following Ortberg's remarks at a Morgan Stanley industry conference.
- Boeing is currently producing about 47 737 Max aircraft per month, with wing production at its Renton, Washington factory identified as the current constraint.
- Ortberg reiterated that certification of the Max 10 — the largest model in the family — is expected "very soon," noting the plane remains years behind schedule.
- Ortberg declined to predict aircraft orders from China ahead of President Trump's scheduled Sept. 24 White House meeting with Xi Jinping, saying orders will be "announced by the airlines at their pace."
Why it matters: At 47 aircraft per month, Boeing's recovery from years of safety and quality crises is bottlenecked at its Renton wing line, and Ortberg's non-commitment on China orders removes a potential catalyst investors might have expected to pair with the Trump-Xi summit on Sept. 24 — the stock's 5%+ drop shows Wall Street wanted more clarity, not more waiting.
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