Boeing increases 737 production rate

NEW YORK Wed Jan 30, 2013 3:13am IST

A worker builds an engine for the Boeing 737-900 at their assembly operations in Renton, Washington, October 18, 2012. REUTERS/Andy Clark/Files

A worker builds an engine for the Boeing 737-900 at their assembly operations in Renton, Washington, October 18, 2012.

Credit: Reuters/Andy Clark/Files

Related Topics

Stocks

   

NEW YORK (Reuters) - Boeing Co (BA.N) said Tuesday it had increased the production rate for its next-generation 737 jetliner on schedule, aiming to turn out 38 planes a month, even as its larger 787 jet faces potential delays due to battery failures earlier this month.

Boeing said its 737 line will increase from the current 35 planes a month, with the first plane built under the higher rate due to be delivered in the second quarter. The rate is scheduled to increase to 42 a month in 2014.

Boeing is due to release fourth-quarter and full-year earnings on Wednesday, and while it likely finished the year with a solid performance, analysts are expected to focus on the potential cost of the 787 problems, which have prompted regulators to ground the plane worldwide.

The ramp-up in 737 production shows the company is continuing to produce its other planes on schedule. The 787 line also is on schedule, producing five planes a month, and plans call for the rate to rise to 10 a month this year. However, Boeing has stopped delivering the planes until problems that caused to batteries to burn on the planes are solved. (Reporting by Alwyn Scott; Editing by Bob Burgdorfer)

FILED UNDER:

Reuters Showcase

GDP Growth

GDP Growth

India revises up 2013/14 GDP growth to 6.9 percent.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

Adani Restructuring

Adani Restructuring

Adani hives off power, ports businesses to boost growth.  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage