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Benzinga
Benzinga
Business
Akanksha Bakshi

Boeing Tests Suppliers On 787 Output Hikes: Reuters

  • Boeing Co (NYSE:BA) is said to be testing suppliers' capacity to meet 787 Dreamliner output scenarios as high as seven a month by end-2023, Reuters reported, citing three people with knowledge of the matter.
  • Boeing has discussed ambitious scenarios with parts makers as it surveys an industry crippled by successive crises and now facing labor and materials shortages deepened by Russia's invasion of Ukraine.
  • Related: Boeing Registers 22 Aircraft Deliveries In February
  • Boeing's recovery plan could see it increase the current monthly rate of two 787s to three around May and four around November.
  • The report also cited Jefferies analyst Sheila Kahyaoglu that estimated monthly output would stay at two in 2022, rising to 3.5 in 2023 but remaining below 5 "to facilitate the burndown of inventory."
  • Also read: US Federal Aviation Administration Finalizes Boeing 777 Safety Directives After Fan Blade Failures: Reuters.
  • Price Action: BA shares trading higher by 0.25% at $178.84 on the last check Friday.
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