Boeing announced it will increase the production rate for its Next-Generation 737 airplanes from the current rate of 31 to 42 airplanes per month. The 737 program, which will be implemented in 2014, expects to build on average two 737s each work day and 500 each year.
“Customers are demanding our Next-Generation 737 at an unprecedented rate,“ said Jim Albaugh, Boeing Commercial Airplanes president and chief executive officer. “New performance improvements and enhanced passenger comfort features have driven home the value equation for our customers.“
The 737 program produces 31.5 airplanes per month and expects to go to 35 per month in early 2012, 38 per month in the second quarter of 2013 and up to 42 per month the first half of 2014. The rate increase announcement is not expected to have a material impact on 2011 financial results.