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Reuters reveals Boeing discussing new output increase; market reacts

Business & Finance

On May 21, Reuters broke the news that Boeing is discussing a further increase in 737 MAX production in late 2022 as it recovers from overlapping safety and coronavirus crises. The report is the latest in a series of Reuters exclusives on a hot-button issue for aerospace investors: whether bruised global supply chains can keep up with post-crisis demand. The week prior, Reuters broke news of a similar production hike by Europe’s Airbus, and followed on May 18 with the same company’s private warning to suppliers over quality problems.

Market Impact

Shares in aerospace companies rose after the news, with Boeing up more than 3% and key supplier Spirit Aero Systems up more than 5% in late trading.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Aerospace & DefenceEquities

Regions: EuropeGlobalNorth America

Win Types: ExclusivityOverall Coverage

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

Reuters

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