TradingKey – Boeing closed at $201.96 on September 16, losing 3.69% from the previous day. It is almost identical to the supplied closing price of $201.94. Investors reacted negatively to Boeing CEO, Kelly Ortberg’s, comments about the production of the 737 MAX. Ortberg said Boeing is having trouble stabilizing production at 47 737 MAX aircraft per month, not that current production is 19 per month. Further, he said that production of the 787 is also increasing at a slower rate than expected. While demand for Boeing aircraft is very robust (as evidenced by Boeing’s record backlog), the real problems are generating cash flow to fund that ramp and meeting that demand in a timely manner.
737 MAX Production Is the Immediate Concern
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