Boeing meets hiring goals at Renton factory with lots riding on 737 production
The Boeing Co.’s fortunes for the coming year will rely heavily on its ability to deliver jets from its 737 line in Renton.
Boeing (NYSE: BA) plans to deliver at least 400 737s in 2023, along with high targets for its 787 line, despite supplier constraints on both lines that are restricting efforts to increase production.
“Boeing’s fortunes right now are going to rely on continued growth at Global Services and improvements at Defense, but the upside is all going to be driven by Commercial,” Richard Safran, a senior aerospace equities analyst for Seaport Global Securities, said of the company's three main business units. “If you’re investing in Boeing, the commercial story is what’s important.”
The targets may well turn out to be “ambitious” but will be necessary if Boeing wants to hike its production rates to 40 or more by early 2024, said Ken Herbert, aerospace and defense analyst for RBC Capital Markets. The company has been exercising tools like readiness reviews to help suppliers meet their production targets.
https://www.bizjournals.com/seattle/news/2023/01/27/boeing-forecast-calls-for-uptick-in-737-production.html