- Boeing has told suppliers it is delaying a key production milestone for its 737 jet family by three months, two industry sources said, as it continues to struggle with a crisis that is hurting output.
Boeing's jet production has slowed sharply in the face of increased scrutiny from regulators, airlines and lawmakers following a January incident when a door plug blew off an Alaska Airlines jetliner while in mid-air.Boeing's supplier master schedule lays out expectations for when suppliers should be at a given production rate. Analysts say it does not necessarily reflect actual production which has been lagging due to a mixture of regulatory scrutiny and supply constraints.
The new supplier schedule calls for output to reach 47 a month in March 2025, compared with January of that same year. Output would reach 52 a month in September 2025, compared with June.The company last month said it would burn rather than generate cash in 2024 and deliveries will not increase in the second quarter as originally expected.With the combination of reliability and impressive long-term growth potential, this 5.7% dividend stock is one of the best on the TSX.
Source: News Formal (newsformal.com)
Industry Sources Jet Production
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