Aerospace giant Boeing (NYSE: BA) is planning to boost production of its popular 737 narrowbody jet to a record-breaking 57 jets per month by July 2025, according to a Reuters report. The ramp-up in production projections is driven by increased orders and post-737 MAX crisis recovery.
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As air travel rebounds and aircraft orders rise, both Boeing and its competitor Airbus (EADSY) are increasing their production. Boeing is looking at a gradual increase in production, aiming for 42 jets per month by December of this year and eventually reaching 57.7 aircraft per month by July 2025.
At the company’s July earnings call, its President and CEO, Dave Calhoun, had hinted at the possibility of boosting production, stating, “I would love to get to 60 deliveries and the market is there for it. There’s no doubt about it.” However, Calhoun pointed out that a rise in production depended on its supply chain being stable.
What is the Prediction for Boeing Stock?
Analysts are cautiously optimistic about BA stock with a Moderate Buy consensus rating based on 10 Buys and six Holds.
