Posted 3/20/2024, 7:08:11 PM
Boeing Taking Steps to Address Production Issues, Improve 737 MAX Quality
- Boeing addressing issues with "traveled work", referring to delayed or improperly completed tasks
- As of March, will stop accepting defective fuselages from Spirit AeroSystems to avoid later repairs
- Boeing will shut down "shadow factories" used to fix non-conforming parts
- Change expected to negatively impact Boeing's free cash flow in Q1 and full year 2023
- Aiming to increase 737 MAX production rate in second half of year toward FAA-approved 38 planes per month