Boeing
Boeing Raises Production Again For 737s
The AP (6/15) reported, "Boeing said Tuesday that it is again boosting plans for production of the 737 jet in 2012, anticipating long-term growth in demand for the commercial plane." After raising the production to 34 planes per month last month, Boeing will now produce 35 planes per month. It is currently making 31.5 planes per month. Boeing "plans to work with suppliers over the next 18 months to prepare for the higher output. The increase in production is not expected to impact 2010 financial results."
The Wall Street Journal (6/16, B1, Sanders) notes there could be even more increases in production. Jim Albaugh, CEO of Boeing's commercial-airplanes unit, said, "Our customers continue to show their preference for the Next Generation 737 by exercising order options as well as by placing new orders." According to the article, this decision is being made at a time when Boeing and Airbus are deciding whether to re-engine jets like the 737 and the A320 or design new replacements. The Financial Times (6/16, Weitzman) characterizes the decision as showing there is growing demand in the industrial sector.
