- Boeing (BA +1.9%) will announce plans this fall to increase production of its single-aisle 737 jet in response to pressure from customers, CFO Greg Smith tells an investor conference.
- Smith says Boeing had boosted production rates across all airplane programs 17 times over the past four years, and still had another three to go, including one on its 737.
- Boeing has raised 737 production to 42/month at its Renton, Wash., factory, a rate that is scheduled to rise to 47/month in 2017 with the potential for a further boost to 52 in 2018 or 2019.
- Also, Boeing says it received 10 new orders for 777s from an "unidentified customer" in the latest week.