Boeing is lifting production of its bestselling 737 narrow-body jet, but executives said that it will take time for the company's facilities to stabilize production, even as they set their sights on future rate boosts
at Spirit and recent collapse of a railway bridge used to transport 737 fuselages would be contained in the third quarter, but could delay "a few" airplane deliveries, Calhoun said.
A photo of Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo"The overall outlook is unchanged, but the results from the Commercial Aerospace division is encouraging, particularly in light of the ongoing supply chain challenges," Third Bridge analyst Peter McNally said.
Margins at its defense business, however, were negative amid cost overruns. The company took a total of $514 million in charges related to the space capsule Starliner after its launch was indefinitely delayed in June, as well as for supply chain costs on the T-7 training jet and a schedule delay for the MQ-25 tanker drone.The push to build 38 737s a month comes amid heightened travel demand as airlines seek to grow their fleets post-pandemic.
For the second quarter, Boeing reported free cash flow of $2.58 billion, compared with a cash burn of $182 million a year ago.
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