Boeing says wiring flaws could delay first-quarter 737 MAX jet deliveries
FILE PHOTO: A Boeing 737 MAX aircraft is assembled at the company's plant in Renton, Washington, U.S. June 25, 2024. Jennifer Buchanan/Pool via REUTERS/File Photo
By Nathan Gomes and Dan Catchpole
SEATTLE, March 10 (Reuters) - Boeing on Tuesday said first-quarter deliveries of its narrow-body 737 MAX jets could face delays due to wiring flaws, the latest hiccup for the troubled planemaker as CEO Kelly Ortberg looks to improve production quality and the company's reputation.
"Our 737 program is performing rework on a group of airplanes to fix wires that have small scratches due to a machining error," Boeing said, adding that production of its new MAX jets continues at the existing rate of 42 jets a month.
Boeing shares were off nearly 1% in afternoon trading on Tuesday.
The company said it plans to increase the rate to 47 jets a month later this year and is opening a fourth 737 assembly line at its Everett, Washington plant this summer. The company wants to get to 63 737 jets a month in the next few years.
Boeing did not specify if the scratches on the wires were caused by a supplier or the company. The company said it has informed the Federal Aviation Administration and customers. The FAA could not immediately comment.
The planemaker said all in-service 737 MAX airplanes can continue to operate safely and that it did not expect the issue to affect the company's goal to deliver about 500 737 jets this year.
The announcement comes after company said on Tuesday it had delivered 51 jets in February - the highest total for the month since 2018 and an increase from 46 in January. Deliveries in February included 43 737 MAX jets.
(Reporting by Nathan Gomes in Bengaluru and Dan Catchpole in Seattle; Editing by Jonathan Ananda, Maju Samuel and Bill Berkrot)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple facing $2.7 billion UK lawsuit over 'unfair' app tracking rules
- Two detained as German police probe arson attack on Munich defence firm
- El Niño likely to intensify, may become strongest ever recorded, WMO says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share