BA - Boeing Foresees Slower 787 Production Ramp-Up Due To Supplier Shortages: Report (UPDATED) | Benzinga
In the latest development, Boeing Co. (NYSE:BA) has reportedly projected a slower increase in the production and delivery of its 787 widebody jets. This is primarily due to supplier shortages,
What Happened: Scott Stocker, the 787 vice president and general manager, disclosed the situation to employees at the South Carolina facility via a memo on Monday, Reuters reported. Despite the hurdles, Boeing is determined to incrementally increase its rate to cater to the “strong demand”.
The memo highlighted, “We continue to manage through supplier shortages on a few key parts.”
It also mentioned that customers have been notified about the anticipated slower increase in production and deliveries.
The Federal Aviation Administration (FAA) is keeping a close watch on Boeing’s challenges in procuring certain parts and is in constant communication with the company. The agency’s primary concern is to ensure that only safe and compliant airplanes are dispatched from the factory.
Boeing, scheduled to announce earnings ...