Boeing says 737 MAX output stabilization takes longer as shares fall
Boeing is still working to steady production of its 737 MAX program at 47 jets a month, a key step in the planemaker's effort to raise output further. The slower-than-expected progress pressures investor sentiment and comes as the company also awaits certification of the delayed 737-10 variant.
Highlights
- Boeing CEO Kelly Ortberg said stabilizing 737 MAX production at 47 aircraft monthly is taking longer than previously expected.
- Boeing shares fell about 2.5% immediately after Ortberg's remarks, and ended the day down 4.5%.
- Ortberg downplayed expectations for a major commercial aircraft order from China during President Xi Jinping's upcoming Washington visit.
Production targets and certification timeline
As reported by Reuters, Boeing Chief Executive Kelly Ortberg said on Wednesday that stabilizing 737 MAX production at 47 aircraft a month is taking longer than expected.Speaking at a conference, Ortberg said the U.S. planemaker plans to pursue a higher rate of 52 jets a month after output is stabilized at the current target. He also said certification of the 737-10, the largest 737 MAX variant, will come very soon, after a delay of several years.
Market reaction and China order expectations
Boeing shares fall immediately after Ortberg's remarks, dropping about 2.5% and standing down 4.5% for the day.Ortberg also downplayed expectations for a large commercial aircraft order from China next week, when Chinese President Xi Jinping meets U.S. President Donald Trump in Washington, D.C.
Our earlier coverage of the upcoming Xi Jinping–Donald Trump summit noted that expectations for a meaningful breakthrough between the U.S. and China were low, with the meeting seen mainly as a form of risk management rather than a deal-making moment. We highlighted how deep distrust and strategic rivalry—especially around rare earths, semiconductors, and technology—constrain what either side can credibly commit to, making any agreements fragile and vulnerable to reversal.
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