Boeing (NYSE: BA) announced today that production on the 737 program will increase to 47 airplanes per month in 2017, the highest rate ever for the best-selling airliner in history. Once implemented, the 737 program will build more than 560 airplanes per year, and will have increased output by nearly 50 percent since 2010.
"We're taking this step to make sure our airplanes get into the hands of our customers when they need them," said Beverly Wyse, vice president and general manager, 737 Program, Boeing Commercial Airplanes. "Our employees and our suppliers have successfully increased the production rate to unmatched levels over the last three years. This increase will lay a solid foundation as we bridge into production on the 737 MAX."
Boeing currently produces 38 airplanes per month from its Renton, Wash., factory and will increase the rate to 42 per month in the first half of 2014. First delivery of the 737 MAX is on track for third quarter of 2017.
"With the continuing strong demand we are seeing in the market for the 737, we expect to keep employees busy in Renton making this amazing airplane for years to come," said Wyse.
The rate increase announced today is not expected to have a significant impact on 2013 financial results.
Source: The Boeing Company (NYSE: BA)
Date: Oct 31, 2013