Boeing to start 737 Max production on new assembly line July 6, says CEO Kelly Ortberg

Summary

Boeing CEO Kelly Ortberg discusses the planned increase in 737 Max production to 47 per month and the addition of a new assembly line in Everett, with a target of 52 per month by early next year. He addresses quality concerns, noting improved stability metrics, and mentions supply chain constraints on the 787 program related to seats and engines. The conversation focuses on operational execution and customer satisfaction rather than financial or investment guidance.

• Boeing is increasing 737 Max production from 42 to 47 per month in Renton.
• A new assembly line in Everett will go live July 6 to support future rate increases.
• The next production target is 52 per month, expected late 2024 or early 2025.
• Long-term 737 Max production target remains 63 per month.
• CEO emphasizes that production will only increase when the system is stable and quality is high.
• Customers report receiving the highest-quality airplanes from Boeing in years.
• For the 787 program, constraints include seat availability and delayed engine deliveries.
• Boeing aims to stabilize 787 production at rate 8 and eventually move to rate 10 by year-end.