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☆ We now have more details on what happened with the Alaska Airlines door plug — and how Boeing plans to address quality issues
▼ + stars: | 2024-01-31 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Bloomberg has reported new details about what may have caused the Alaska Airlines door plug blowout. AdvertisementNew details have emerged regarding how the door plug on an Alaska Airlines Boeing 737 Max 9 blew off the jet mid-flight earlier this month. The investigation is focused on four bolts that hold the door plug in place. Boeing CEO says door plug installation will have inspections "at every turn"According to Boeing, 129 have been ungrounded as of midday on Wednesday. The agency has halted Boeing's 737 Max production expansion while it addresses quality control lapses.

Persons: Dave Calhoun, —, Max, AeroSystems, Ingrid Barrentine, Justin Sullivan, Calhoun, We've, I've, Max fuselages Organizations: Bloomberg, Alaska Airlines, Boeing, Service, Alaska Airlines Boeing, Max, National Transportation Safety, Seattle Times, New York Times, US National Transportation, Business, NTSB, Federal Aviation Administration, BI, United Airlines, FAA Locations: Alaska, Renton , Washington, Renton, Wichita

☆ Boeing was once known for safety and engineering. But critics say an emphasis on profits changed that
▼ + stars: | 2024-01-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +22 min

Boeing is back in the headlines for all the wrong reasons again after the Alaska Airlines 737 Max 9 incident. Boeing workers participating in a "Quality Stand Down" at Boeing's 737 Max factory in Renton, Washington on January 25, 2024. One of the first Boeing 737 Max jets on the production line at the company's manufacturing facility in Renton, Washington, U.S., on Monday, Dec. 7, 2015. The airlines around the world that have already bought Boeing planes basically need to keep using those models, whatever the problems. Commercial pilots are certified on specific models and are not able to easily move from single-aisle to widebody versions of Boeing jets, let alone between a Boeing and an Airbus jet.

Persons: I’m, Dave Calhoun, we’ve, ”, “, Calhoun, Max, Jason Redmond, Stan Deal, Ed Pierson, McDonell Douglas, Critics, ” Ron Epstein, McDonnell Douglas, Jim McNerney, Tammy Duckworth, Aaron Schwartz, ‘ We’re, Richard Aboulafia, Joshua Drake, Boeing Calhoun, Bank of America’s Epstein, it’s, Pierson, Max ”, Robert Clifford, people’s, ” Calhoun, David Ryder, Aboulafia, Boeing’s Organizations: New, New York CNN, Boeing, Alaska Airlines, National Safety Transportation Board, Pilots, Max, Alaska Air, Getty, Foundation for Aviation Safety, CNN, “ Boeing, Bank of America, General Electric, Procter, Gamble, McKinsey, Co, GE, Associated, Pentagon, Capitol, FAA, Airbus, Joshua Drake Photography, Blackstone Group, Nielsen, Bank of, Aviation, Bloomberg, Ethiopian Aircraft Accident, US National Transportation Safety Board, Internal Locations: New York, Renton , Washington, AFP, Alaska, Soviet Union, Pacific, Chicago, Seattle, Washington, DC, Mobile , Alabama, Wichita, Oklahoma, Carolina, South Carolina, Calhoun, Indonesia, Ethiopia, Renton , Washington , U.S

How Did a Boeing Jet End Up With a Big Hole? At about 16,000 feet, pilots heard a loud boom, and the pressure dropped further: One of those door plugs had completely torn off. National Transportation Safety BoardBoeing’s chief executive, Dave Calhoun, has suggested that a manufacturing lapse was responsible for the door plug blowing out. investigation, it’s clear to us we received an airplane from the manufacturer with a faulty door plug,” Alaska said in a statement. An older Boeing model, the 737-900ER, has the same design for its door plugs as the Max 9.

Persons: Bolts, New York Times Bolts, Jeff Simon, cotter, Simon, ”, it’s, ” Gary Peterson, Dave Calhoun, AeroSystems, Max, fuselages, Joe Buccino, Mr, Buccino, Mathieu Lewis, Rolland Organizations: Boeing, Alaska Airlines, New York Times, The New York Times, National Transportation, Federal Aviation Administration, Transport Workers Union of America, Transportation Safety, Alaska Airline, Transportation, CNBC, Spirit, Board, Portland International Airport Locations: Alaska, Portland ,, Malaysia, Wichita, Kan, Renton, Wash, Jan

☆ Boeing's CEO vowed to staff that 'we're going to get better' as he rallied employees at a key supplier in the 737 Max 9 saga
▼ + stars: | 2024-01-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Spirit is a Kansas-based company that builds the fuselages and other parts of Boeing planes, including the 737 Max 9. Spirit built the door plug which came off the 737 Max 9 on January 5, leaving a gaping hole in the fuselage. The National Transportation Safety Board is testing the recovered door plug to determine whether four missing bolts were ever installed. AdvertisementAlaska Airlines and United Airlines, the two biggest operators of the 737 Max 9, also found loose hardware on some of the grounded aircraft. 171 Boeing 737 Max 9 jets have been grounded by the FAA.

Persons: —, Dave Calhoun, AeroSystems, Calhoun Organizations: Service, Federal Aviation Administration, Business, Boeing, Spirit, FAA, Alaska Airlines, Portland International, National Transportation Safety Board, United Airlines, Max Locations: Kansas

☆ Boeing CEO tells contractors ‘we’re going to learn from’ Alaska Airlines incident
▼ + stars: | 2024-01-18 | by ( Pete Muntean | ) edition.cnn.com time to read: +3 min

CNN —Boeing says its CEO told workers of Spirit AeroSystems — its subcontractor that builds the 737 Max 9 fuselage — that “we’re going to learn from” this month’s blowout on Alaska Airlines flight 1282. Boeing says CEO Dave Calhoun addressed 200 Spirit AeroSystems employees as part of a town hall meeting held in Wichita, Kansas, on Wednesday. Spirit AeroSystems is a major Boeing contractor that builds the fuselages of several Boeing jets, including the 737 Max. But the Alaska Airlines incident is not the first time that there have been problems with the quality of its work causing problems for Boeing planes. The supplier used to be part of Boeing but Boeing spun-off its Wichita division and Oklahoma operations into Spirit AeroSystems.

Persons: Dave Calhoun, Calhoun, Pat Shanahan, “ We’re, AeroSystems, Max, CNN’s Chris Isidore Organizations: CNN, Boeing, Alaska Airlines, AeroSystems, Spirit, Federal Aviation Administration, Max, FAA, Wichita Locations: Wichita , Kansas, Alaska, United States, Oklahoma

☆ Boeing's manufacturing processes are under investigation after the Alaska Airlines blowout, the FAA says
▼ + stars: | 2024-01-17 | by ( Pete Syme | ) www.businessinsider.com time to read: 1 min

The Federal Aviation Administration announced Wednesday that it is investigating Boeing's manufacturing practices and production lines. AdvertisementIt includes processes involving Spirit AeroSystems, the Kansas-based company that builds the fuselages and other parts of Boeing planes. The FAA said its investigation is also "examining potential system change." Related storiesAll 171 Boeing 737 Max 9 jets with a door plug have been grounded by the agency following the Alaska Airlines Flight 1282 incident. "The safety of the flying public, not speed, will determine the timeline for returning these aircraft to service," the FAA added.

Persons: AeroSystems Organizations: Federal Aviation Administration, Boeing, FAA, Max, Alaska Airlines Locations: Kansas

☆ Alaska Airlines is reviewing Boeing's quality control after a 'candid' meeting with its CEO about the mid-air 737 Max 9 door plug blowout
▼ + stars: | 2024-01-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Alaska Airlines said it met with Boeing's CEO last week and will review its quality control systems. AdvertisementAlaska Airlines announced Saturday that it is starting a "thorough review" of Boeing's quality control systems. The airline will also enhance its oversight of the Boeing production line by expanding its team that validates its quality. It added, "We welcome and appreciate" the Federal Aviation Administration's audit of the Boeing 737 Max 9 production line. Alaska Airlines and United Airlines, the world's biggest 737 Max 9 operator with 79, have canceled hundreds of flights as a result.

Persons: —, AeroSystems, Dave Calhoun, Calhoun Organizations: Alaska Airlines, FAA, Max, Service, Boeing, Federal Aviation, Portland International, CNBC, United Airlines Locations: Alaska, Kansas

☆ Boeing's quality control process and company culture are being heavily scrutinized after the 737 Max Flight 1282 blowout
▼ + stars: | 2024-01-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +9 min

Read previewAn Alaska Airlines Boeing 737 Max 9 had 177 people on board on January 5 when part of the fuselage was blown off. After the Federal Aviation Administration grounded all 737 Max 9 planes with door plugs, United Airlines and Alaska Airlines discovered loose hardware on several. Why the 737 Max was grounded in 2019Competition between Airbus and Boeing played a role in the twin 737 Max crashes that killed almost 350 people in 2018 and 2019. The Alaska Airlines blowout will likely renew scrutiny of Boeing's deal with the department, which demanded new compliance procedures. A Boeing 737 Max 10 at the Paris Air Show.

Persons: —, Max, It's, Michael O'Leary, Tim Clark, Dennis, Win McNamee, Bob Clifford, people's, could've, Clifford, David P, Burns, AeroSystems, McDonnell Douglas, MBAs, Harry Stonecipher, Stonecipher, PIERRE VERDY, Dave Calhoun, who's Organizations: Service, Alaska Airlines Boeing, Max, Portland International, Business, Federal Aviation Administration, United Airlines, Alaska Airlines, FAA, Boeing, National Transportation Safety, NTSB, Reuters, Airbus, Ryanair, Financial, Emirates, Bloomberg, New York Times, Lion Air, Ethiopian Airlines, Ethiopian, Pilots, MCAS, The Justice Department, McDonnell, Seattle Times, Paris Air, Getty, CNBC Locations: Kansas, Alaska

Spirit plans to raise $200 million via the sale of Class A common stock as well as issue $200 million in convertible debt set to mature in 2028, the company said after the closing bell on Tuesday. Its shares fell to as low as $20.98 on Wednesday following the news and are now down more than 25% year-to-date. Spirit is a major supplier of large aircraft parts such as wings and fuselages for manufacturers including Boeing (BA.N) and Airbus (AIR.PA). Last week, Spirit projected higher-than-expected cash burn for 2023, forcing it to slash anticipated deliveries of 737 fuselages. Free cash burn will be between $275 million and $325 million for 2023, up from a previous range of between $200 million to $250 million.

Persons: Benoit Tessier, Spirit, Patrick Shanahan, Tom Gentile, Shanahan, Chibuike Oguh, Lance Tupper, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Airbus, Thomson Locations: Le Bourget, Paris, France, U.S, New York

☆ Shares of Spirit Aero down 16% as company looks to raise cash
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Shares of Spirit AeroSystems (SPR.N) dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company announced a proposed public sale of $200 million of its Class A common stock. It also plans to issue $200 million in convertible debt set to mature in 2028. Chief Financial Officer Mark Suchinski said then that the company "continue(s) to evaluate all refinancing options to address debt," including $1.2 billion of debt set to mature in 2025, "as well as our overall liquidity." Reporting by Valerie Insinna; Editing by Chris Reese and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, planemaker, Patrick Shanahan, Mark Suchinski, Valerie Insinna, Chris Reese, Stephen Coates Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France

REUTERS/Nick Oxford Acquire Licensing RightsNov 1 (Reuters) - Spirit AeroSystems (SPR.N) on Wednesday projected higher-than-expected cash burn for 2023 as it slashed anticipated deliveries of 737 fuselages, but its new CEO said returning the embattled aerospace supplier to positive cash flow will be his "principle goal." "However, we have other cash levers to pull," including organizational inefficiencies and more closely enforcing contracts with its own supply chain, he said. LOWERED 737 DELIVERY EXPECTATIONSOn Wednesday, Spirit increased its anticipated free cash burn to between $275 and $325 million for 2023, compared with the $200 million to $250 million range. Executives said they anticipate positive margins on the 787 program by the first half of 2025 as a result of the agreement with Boeing. Third-quarter cash burn was $136 million, compared with a cash burn of $73 million a year ago.

Persons: Nick Oxford, Patrick Shanahan, Robert Stallard, Shanahan, Abhijith, Maju Samuel, Louise Heavens, Jonathan Oatis, Marguerita Choy Organizations: Spirit AeroSystems Holdings Inc, REUTERS, Boeing, Vertical Research Partners, Airbus, Revenue, Thomson Locations: Wichita , Kansas, U.S, Bengaluru

☆ Boeing trims annual 737 delivery target due to supplier errors
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. Despite falling short on projected 737 deliveries, Boeing stuck to its goal of generating $3 billion to $5 billion in free cash flow this year. The company also intends to keep its 737 production ramp up plan intact. The company reported a wider than expected loss of $3.26 per share, compared with average analysts' expectation of $2.96 per share, according to LSEG data. The company reported $18.1 billion in revenue, slightly beating consensus estimates of $18.0 billion.

Persons: Benoit Tessier, we've, Dave Calhoun, Planemakers, Abhijith, Valerie Insinna, Arun Koyyur Organizations: Boeing, Paris, REUTERS, Air Force, Thomson Locations: Le Bourget, Paris, France, Bengaluru, Washington

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Under the agreement announced on Wednesday, Spirit will get a higher price per 787 unit in the near term, while 737 unit prices will be cut from 2026 to 2033. The agreement also includes a "control clause" requiring Boeing's input if Spirit were to be acquired. Overall, the agreement should stabilize Spirit and pave the way for a future agreement with Airbus, he added. Boeing said the agreement "will enhance operational stability in our production system and help us deliver on our customer commitments."

Persons: Benoit Tessier, Tom Gentile, Robert Stallard, Patrick Shanahan, Abhijith, Valerie Insinna, Arun Koyyur, Jonathan Oatis Organizations: Boeing, International Paris Air, Le, REUTERS, Wednesday, Airbus, Research, Thomson Locations: Le Bourget, Paris, France, Bengaluru, Washington

☆ Stocks making the biggest moves midday: Boeing, Dollar General, JPMorgan Chase, Netflix and more
▼ + stars: | 2023-10-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

On Friday, Gordon Haskett upgraded the stock to buy , saying Dollar General's latest leadership change could help stabilize the company. Wells Fargo — The bank stock gained close to 3% after Wells Fargo posted third-quarter results that beat expectations. Citigroup — Shares of the New York-based bank rose 1.4% after posting its third-quarter results . Citigroup reported $1.63 in earnings per share, or $1.52 per share, excluding the effect of divestitures. Post Holdings — Shares of the packaged food company gained 2% after JPMorgan initiated coverage with an overweight rating on shares.

Persons: Todd Vasos, Gordon Haskett, JPMorgan Chase, Wells Fargo, LSEG, JD.com, Morgan Stanley, UnitedHealth, CNBC's Hakyung Kim, Samantha Subin, Pia Singh, Tanaya Macheel, Jesse Pound Organizations: Boeing —, Boeing, JPMorgan, Revenue, LSEG, Citigroup —, Citigroup, PNC Financial, PNC, Oil, EOG, ConocoPhillips, Exxon Mobil, Progressive, Post Holdings, Netflix, Wolfe Research, Dow, United Food, Commercial Workers International Union, Hormel Locations: York, China

☆ Russia is getting hundreds of volunteers to protect its vulnerable planes from attacks, likely because it lacks enough trained security teams, intel says
▼ + stars: | 2023-09-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

A recent drone attack on a Russian airbase left several military aircraft damaged and destroyed. A satellite image shows the air base in Pskov, after what Kyiv confirmed to have been a Ukrainian drone attack, in Russia, August 31, 2023. AdvertisementAdvertisementThe new measures to protect its bases underscore major deficiencies in Russia's domestic security and air-defense network. TELEGRAM / MIKHAIL VEDERNIKOV/via REUTERSAugust alone saw over two dozen drone attacks on Russian territory. AdvertisementAdvertisementAn Ilyushin Il-76 Strategic airlifter, several of which were damaged in the drone attack.

Persons: Kyrylo Budanov, they'll, MIKHAIL VEDERNIKOV, it's, Sefa, Biden Organizations: Western intel, Service, Kyiv, Planet Labs, Handout, REUTERS, quadcopter, Anadolu Agency, Getty Images, NATO, Pentagon Locations: Russian, Russia, Moscow, Western, Wall, Silicon, Pskov, Estonia, Ukraine, Soviet, Russia's, Ukrainian, Ukraine Britain's, Crimea

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The recent supplier problem, discovered late last month, involves fastener holes on the 737 aft pressure bulkhead that were improperly drilled and therefore misaligned or elongated. Spirit AeroSystems (SPR.N), which makes the 737 fuselage, said in August it had corrected the production issue and continues to deliver fuselages to Boeing. Despite continued supplier defects, West said Boeing has no intention of changing its supplier master schedule, which calls for Boeing's supply chain to ramp to a monthly production rate of 50 737s by the 2025-2026 timeframe. Reporting by Valerie Insinna and Abhijith Ganapavaram; Editing by Mark Porter and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian West, West, Valerie Insinna, Mark Porter Organizations: Boeing, Paris, REUTERS, Rights, Thomson Locations: Le Bourget, Paris, France

☆ Russia is piling tires on top of its prized bombers, images show — a possible crude attempt to trick Ukraine's missiles
▼ + stars: | 2023-09-05 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Black coverings resembling tires have appeared on planes at a Russian air base. It may be an attempt to confuse Ukraine's newly-adapted R-360 Neptune cruise missiles. The tires were seen partially covering the fuselages and some of the wings on Tu-95 bombers and Tu-160 heavy bombers, the outlet reported. It's unclear if the measure will work, but it coincides with Ukraine's announcement that it has modified its R-360 Neptune anti-ship cruise missiles to strike targets on land. AdvertisementAdvertisementPer the Drive, the tire covering could be intended to break up the planes' infrared signature, which is used by cruise missiles to recognize targets.

Organizations: Service, UK's Ministry of Defense Locations: Russian, Russia, Wall, Silicon, Saratov, Ukraine, Crimea

Boeing 777X and Boeing 737 MAX 10 airplanes are seen parked in an aerial view at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. REUTERS/Lindsey Wasson/File Photo Acquire Licensing RightsAug 24 (Reuters) - Boeing shares (BA.N) fell 2% before the bell on Thursday after the U.S. planemaker warned of delays in near-term deliveries of 737 MAX jets due to a fresh quality issue involving its biggest supplier Spirit AeroSystems (SPR.N). The latest quality issue is due to improperly shaped holes in the aft pressure bulkhead of some planes. The parts in question were made by Spirit, whose shares were down 6.4% in premarket trading on Thursday. But not all 737 fuselages will be impacted as Spirit uses multiple suppliers for the aft pressure bulkhead.

Persons: Lindsey Wasson, planemaker, Jason Gursky, Boeing's, Abhijith, Arun Koyyur Organizations: Boeing, King County International Airport, Boeing Field, REUTERS, U.S, Citi, Airbus, Thomson Locations: Seattle , Washington, U.S, Bengaluru

☆ Stocks making the biggest moves midday: Nvidia, Boeing, Splunk, Dollar Tree and more
▼ + stars: | 2023-08-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Nvidia - The chipmaker's stock climbed more than 1% to a record high after the company reported a beat on the top and bottom lines. Splunk — The cloud stock climbed 13.6% after the company beat Wall Street expectations for second-quarter earnings and raised its guidance. Autodesk — Shares added 3.1% after Autodesk reported an earnings beat and higher forward guidance. Snowflake — Snowflake dipped more than 5% in midday trading even after after reporting an earnings beat. Guess — The apparel company soared more than 28% after reporting an earnings beat, highlighted by an adjusted 72 cents per share and revenue of $664.5 million.

Persons: Marvell, Max, Refinitiv, Wolfe, Splunk, —, Alex Harring, Yun Li, Michelle Fox Organizations: Nvidia, AMD, Marvell Technology, Boeing —, Boeing, Discover Financial, Bank of America, Autodesk, Refinitiv Locations: Santa Clara , California

☆ Boeing says a new 737 Max flaw will slow airplane deliveries
▼ + stars: | 2023-08-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A person with an umbrella walks by a Boeing 737 Max fuselage parked outside the company's production facility in Renton, Washington, January 10, 2020. Boeing said a new manufacturing flaw on its best-selling 737 Max will delay deliveries of its best-selling aircraft, the latest setback as the company tries to hand over more planes. The company said it found fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled. "This issue will impact near-term 737 deliveries as we conduct inspections to determine the number of airplanes affected, and complete required rework on those airplanes," Boeing said. Boeing didn't say whether the new issue would change its forecast to deliver between 400 and 450 Max jets this year.

Persons: Max, Aerosystems Organizations: Boeing, Max, Airbus, The Air, Federal Aviation Administration Locations: Renton , Washington

☆ Russia Is Replicating Iranian Drones and Using Them to Attack Ukraine
▼ + stars: | 2023-08-10 | by ( John Ismay | More About John Ismay | ) www.nytimes.com time to read: +1 min

Russia has begun making copies of attack drones it acquired from Iran last year and is using them in combat against Ukrainian forces despite sanctions imposed to cripple the country’s weapons production, according to a report issued Thursday by a weapons research group. The researchers traveled to Kyiv in late July and inspected the wreckage of two attack drones that were used in combat in southeastern Ukraine. Both appeared to be Iranian Shahed-136s, but they contained electronic modules that match components previously recovered from Russian surveillance drones, according to the report. The investigation was conducted by Conflict Armament Research, an independent group based in Britain that identifies and tracks weapons and ammunition used in wars. It is the group’s 10th published account of its work in Kyiv, where researchers have analyzed Russian military hardware collected on the battlefield by Ukraine’s security services.

Organizations: Ukrainian, Armament Research Locations: Russia, Iran, Kyiv, Ukraine, Iranian, Britain

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. The new labor agreement will add $80 million to annual costs, Spirit said. In the second quarter, the company absorbed $28.3 million in cost related to the new labor deal as well as $7.3 million in strike disruption charges. However, the strike did impact our production and deliveries, as reflected in earnings and cash flow," Chief Executive Officer Tom Gentile said. Cash burn was $211 million for the three months through June, the company said, compared to $79 million a year earlier.

Persons: Benoit Tessier, Spirit, Tom Gentile, Cash, Refinitiv, Abhijith Ganapavaram, Valerie Insinna, Sriraj Kalluvila, Mark Porter Organizations: Boeing, International Paris Air, Le, REUTERS, International Association of Machinists, Aerospace Workers, Airbus, Revenue, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Wichita

Shares of the company rose 7% to hit a 1-1/2 year high after Boeing also posted second-quarter results above Wall Street expectations. The planemaker is now transitioning its 737 production line - including the MAX models that make up the vast majority of 737 production - to building 38 jets per month, up from 31, the company said. Calhoun later added the company is already in "prep mode" to raise monthly 737 production to 42, but wouldn't specify whether Boeing would do so in 2023, as Boeing Commercial Airplanes head Stan Deal said told Bloomberg TV in June. 'ENCOURAGING' RESULTS AMID CHALLENGESA photo of Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Boeing expects to deliver most of the 228 MAXs in its inventory by the end of 2024, making it critical that Boeing step up production.

Persons: there'll, Dave Calhoun, Calhoun, Stan Deal, Brian West, Lindsey Wasson, Peter McNally, Refinitiv, Valerie Insinna, Abhijith Ganapavaram, Anil D'Silva, Nick Zieminski Organizations: Boeing, Boeing Commercial Airplanes, Bloomberg TV, Boeing Factory, REUTERS, Commercial Aerospace, Thomson Locations: Renton , Washington , U.S, West

☆ Boeing boosts monthly 737 production to 38, posts upbeat earnings
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

Shares of the company jumped 4% before the bell after the company also posted second-quarter results that beat Wall Street expectations. The push to build 38 MAXs a month comes amid heightened travel demand, as airlines seek to grow their fleets post-pandemic. Boeing Commercial Airplanes head Stan Deal said in June that the company would ramp up narrow-body production to 38 a month "very soon." Although Boeing set a deadline to ramp 737 production by the end of the year, executives signaled to its supply chain that the boost to 38 a month would begin in June. Those plans faltered in April when a supplier defect involving the improper installation of a 737 bracket was discovered, though Boeing maintained it would still ramp to 38 jets by year-end.

Persons: Dave Calhoun, Stan Deal, Refinitiv, Valerie Insinna, Abhijith Ganapavaram, Anil D'Silva Organizations: Boeing, Boeing Commercial Airplanes, Paris Air Show, Air India, Airbus, Thomson

☆ Workers at Boeing 737 supplier approve labor deal, ending strike
▼ + stars: | 2023-06-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Workers at Boeing aircraft parts supplier Spirit Aerosystems approved a new labor deal on Thursday, setting the stage to resume production at a Wichita, Kansas, facility after a work stoppage last week. The company and the workers' union, the International Association of Machinists and Aerospace Workers, reached a new tentative agreement for the 6,000 workers, the union said on Tuesday. The production pause came as Boeing scrambles to increase production of new aircraft. The company went into the strike with an inventory of some fuselages to continue manufacturing.

Persons: Spirit Aerosystems Organizations: Boeing, MAX, King County International Airport, Boeing Field, Workers, Spirit, International Association of Machinists, Aerospace Workers, CORE Locations: Seattle , Washington, Wichita , Kansas

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