Boeing Says It Will Raise Production of the 737

Riding a surge in demand for new fuel-efficient planes, Boeing said on Thursday that it would increase production of its top-selling 737 jets to 47 a month by 2017, from 38 now.
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Boeing, based in Chicago, previously announced it would increase production of the single-aisle jets to 42 a month next year. The additional increase by 2017 will come as a new version of the plane, the 737 MAX, enters regular production, and will represent an increase of nearly 50 percent in monthly production.

Airbus, Boeing’s rival, now builds 42 of its competing A320 planes each month. A new version of those jets, called the A320neo, has gotten more advance orders so far than Boeing’s 737 MAX. read more BA.

Boeing Going Strong

The Boeing Company (BA), which is based out of Chicago, Illinois, is the largest player in the aerospace and defense industry. The company’s core business is the manufacturing of military and commercial airplanes; however, it is also involved in research and development, and the provision of support services to military, space and missile defense systems.

Bidness Etc analyzes recent trends in the commercial aerospace and defense industry, and takes a look at how they affect Boeing’s stock valuations going into the fourth quarter (4Q) of the ongoing fiscal year (FY13) as well as next year. read more.