Boeing to boost 737 production sooner than expected, Bloomberg says

Boeing plans to increase output of its 737 family of jets to a 38-plane monthly rate by the middle of the year, months earlier than analysts had predicted, Julie Johnsson and Siddharth Philip of Bloomberg report, citing people familiar with the matter. Boeing has been briefing customers on its plans to step up production over the next few months, while hiring and training workers to support the faster manufacturing pace, sources told Bloomberg. Higher deliveries of its 737 Max could allow Boeing to reach its target of $10B in yearly free cash flow by 2025 or 2026, without giving up market share to rival Airbus (EADSY), the journalists say. Shares of Boeing are up 88c to $210.88 following the report.