Boeing aims this year to hike 737 production to at least 38 jets monthly, and possibly as high as 42 if it receives permission to do so from the Federal Aviation Administration.
Boeing argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
Boeing on Tuesday reported an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers.
President Donald Trump struck a deal for the replacement aircraft during his first term. Boeing is working with Trump advisor Elon Musk on ways to deliver delayed, overbudget Air Force One replacements sooner, CEO Kelly Ortberg said Tuesday.
Boeing reported a revenue of $15.2 billion in the fourth quarter during its earnings call with investors Tuesday morning.
Boeing’s 2024 final quarter and full-year results fell below expectations as the company charts its recovery in 2025.
The FAA initiated the rulemaking process to avert serious injuries to seated occupants on the seats of Boeing 787-8, 787-9, and 787-10 aircraft.
Naturally, the division most affected by the IAM strike within the company was Boeing Commercial Aircraft (BCA), which ended Q4 2024 with 57 deliveries (Q4 2023: 157 deliveries). Full-year aircraft deliveries were 348, compared to 528 a year prior.
The Federal Aviation Administration plans to order airlines to inspect Boeing 787s because the jets might have defective seat-track hardware due to manufacturing errors.
Boeing reported its full fourth-quarter results Tuesday morning. Even though the company took a lot of drama out of the release with a preannouncement on Jan. 23, there is still a lot that investors wanted to know.
Boeing posted a roughly $4 billion loss for the fourth quarter, according to preliminary results last week. The company has taken charges that span its defense and commercial airplane units. CEO Kelly Ortberg is set to detail the company's next steps after safety and manufacturing crises.