Boeing delays 737 production goal to early 2027, CEO says

Boeing’s chief executive Kelly Ortberg said that the company will not hit its intended 47-aircraft-per-month production rate for the 737 family until early 2027, a delay from the earlier schedule. He pointed to insufficient wing-building capacity as the primary obstacle. The delay matters because 737 deliveries are a major source of cash for the aerospace giant, which reported an adjusted loss of 34 cents per share for the quarter ending September.

Revenue at Boeing Commercial Airplanes slipped slightly to $10.7 billion, with an operating loss of $697 million, while margins narrowed. Nonetheless, the firm achieved certification for the 737 MAX 7 and later the larger MAX 10, and secured the U.S. Navy’s sixth-generation F/A-XX fighter contract. Boeing’s defense segment posted near-$500 million in earnings, and its Global Services unit generated $1 billion in revenue with an 18.3% operating margin. Net debt stood at $25.2 billion at quarter’s end.