CHICAGO: Boeing Co is unlikely, for several years, to hit the monthly 57-unit production rate it had targeted for the 737 MAX preceding the grounding of the jet due to delays in regulatory approval, Chief Financial Officer Greg Smith said on Wednesday .
"As we gain confidence in that time frame of when the grounding will be lifted, that's when we'll reassess and start to wake the line up," Smith said at an investor conference. The company's suppliers have been shedding jobs and capacity to cope with the production halt. While that staves off chaos, aerospace executives worry the industry might be unable to ramp up factories quickly enough when the plane wins approval to fly again.Boeing said last October that it would bring the production rate to 57 in late 2020, though sources told Reuters in December that a new target was set for April 2021.
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