Boeing to raise 737 production to 47/month by 2017

(Reuters) - Boeing Co (BA) said it would increase production of its workhorse 737 aircraft to 47 planes per month by 2017 from 38 now, a surprise move that analysts said boded well for the company, its suppliers and airlines. Boeing had already announced plans to increase production to 42 per month in the first half of 2014, matching current output by rival Airbus SA (EAD.PA) of its competing A320 jet family. With the new target, Boeing would enter territory that Airbus isn't attempting. The output, from the same footprint at Boeing's 737 factory in Renton, Washington, will not only boost Boeing's cash pile, it will give the company more delivery slots to sell to airlines who want new, fuel-efficient planes sooner.



via Business News - Yahoo Finance http://finance.yahoo.com/news/boeing-raise-737-production-47-171527253.html