Boeing Ups 737 Production Rate to 38 Planes per Month
Boeing [NYSE: BA] has begun assembly of the first Next-Generation 737 to be built at the rate of 38 airplanes per month. Over the past two years, production of the 737 has risen more than 20 percent, from 31.5 to 38 airplanes a month. In 2014, the rate will go up again to 42 airplanes a month.
Today mechanics completed loading initial parts of the spars - internal support structures in the wings – into an automated spar-assembly machine. The spar is the first step in building the wings and marks the start of major manufacturing for an airplane.
"The first spar load serves as the defining moment for our latest rate break, and the 737 team did it as planned, on schedule," said Beverly Wyse, vice president and general manager of the 737 program. "We have more hard work ahead of us, but we are well on our way to another successful production rate increase."
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.