Boeing CEO: 737 Max production taking 'a little bit longer' to stabilize than expected
Boeing CEO Kelly Ortberg stated on Wednesday that stabilizing the 737 MAX production rate at the target of 47 jets a month is taking "longer than expected." The admission caused Boeing shares to slide, with some reports indicating a drop of over 5%. While the 737 ramp faces delays, Ortberg noted that certification for the MAX 10 is coming "very soon" and deliveries for the 777X remain on track for 2027. These updates were delivered during a Q&A session at the Morgan Stanley Laguna Conference.
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- ✓ Boeing CEO Kelly Ortberg said stabilizing 737 MAX production at the target of 47 jets a month is taking longer than expected.
- ✓ Boeing shares declined following the CEO's comments on 737 production.
- ✓ 777X deliveries are on track for 2027.
What changed
CEO Kelly Ortberg explicitly confirmed that the 737 MAX production ramp is taking longer to stabilize than previously anticipated.
Live updates
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Boeing CEO warns 737 MAX production stabilization is delayed
Boeing CEO Kelly Ortberg stated on Wednesday that stabilizing the 737 MAX production rate at the target of 47 jets a month is taking "longer than expected." The admission caused Boeing shares to slide, with some reports indicating a drop of over 5%. While the 737 ramp faces delays, Ortberg noted that certification for the MAX 10 is coming "very soon" and deliveries for the 777X remain on track for 2027. These updates were delivered during a Q&A session at the Morgan Stanley Laguna Conference.
Why it matters
Boeing is currently managing multiple high-stakes milestones including 777X flight tests and a pending labor vote. The company's ability to hit production targets is critical for financial recovery and meeting airline demand. Stabilization of the 737 MAX line is a primary indicator of the manufacturer's operational health.
What is confirmed
- Boeing CEO Kelly Ortberg said stabilizing 737 MAX production at the target of 47 jets a month is taking longer than expected.
- Boeing shares declined following the CEO's comments on 737 production.
- 777X deliveries are on track for 2027.
Still unconfirmed
- Boeing stock dropped over 5% after the announcement.
- Certification for the 737 MAX 10 is coming very soon.
- Boeing is facing an upcoming labor vote.
What to watch next
- Results of the pending labor vote
- Official certification date for the 737 MAX 10
- Progress reports on 777X flight tests
confidence 95%Sources used for this update (12)
- CNBC — Boeing CEO: 737 Max production taking 'a little bit longer' to stabilize than expected
- wsj.com — Boeing’s Commercial Delays Threaten to Clip Its Wings
- Barron's — Why Boeing Stock Is Sliding.
- Yahoo Finance — Boeing Eyes MAX 10 Certification as 737 Ramp, 777X Tests and Labor Vote Loom
- Reuters — Boeing CEO says it is taking longer to stabilize 737 MAX output; shares slide
- Seeking Alpha — Boeing shares wobble as 737 MAX production takes longer to stabilize (BA:NYSE)
- Yahoo Finance — BA Stock Drops Over 5% After Boeing CEO Says 737 Production Is Still Not Stable — 777X Deliveries On Track For 2027
- Investor's Business Daily — Boeing Skids As CEO Warns 737 Production Taking 'A Little Bit Longer'
- Leeham News and Analysis — 737 Max 10 Certification Coming ‘Very Soon’: Boeing CEO Ortberg
- thesun.my — Boeing: Raising 737 MAX output taking longer than expected
- finance.yahoo.com — Boeing CEO Kelly Ortberg warns 737 Max production ramp is delayed
- www.aerotime.aero — Boeing CEO gives update on 737 production, MAX 10 progress and 777X flight tests
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