{"id":1507133,"date":"2024-12-10T16:45:00","date_gmt":"2024-12-10T21:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1507133"},"modified":"2024-12-10T16:45:00","modified_gmt":"2024-12-10T21:45:00","slug":"boeing-reportedly-restarts-737-max-production-amid-turbulent-year","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/boeing-reportedly-restarts-737-max-production-amid-turbulent-year\/1507133\/","title":{"rendered":"Boeing Reportedly Restarts 737 Max Production Amid Turbulent Year"},"content":{"rendered":"

Boeing Reportedly Restarts 737 Max Production Amid Turbulent Year<\/span><\/p>\n

\n

Boeing has reportedly resumed production of its 737 Max aircraft at its Renton factory in Seattle, Washington, a little more than a month after a seven-week strike by 33,000 unionized factory workers concluded with a new contract<\/a>. This marks a critical step in the company’s recovery efforts during a particularly turbulent year.<\/p>\n

Reuters<\/a> was the first to report on Boeing’s restart of production of its best-selling commercial jet. According to three sources familiar with the situation, production at the Renton factory resumed last Friday.<\/p>\n

Production resumed on Friday, said one of the sources, who all spoke on condition of anonymity because they were not authorized to speak with media. Boeing declined to comment. -RTRS<\/em><\/p>\n

Analysts at Jefferies forecast that Boeing will likely average around 29 737 Max jets per month in 2025, falling far short of the company’s pre-restriction goal of 56. Earlier this year, the FAA capped 737 Max production at 38 per month due to safety vulnerabilities within Boeing’s production line at Renton.\u00a0<\/p>\n

<\/a><\/p>\n

Two Max crashes, Covid travel downturn,\u00a0supply chain snarls,\u00a0financial challenges<\/a>, and multiple Max jet incidents \u2014 including a door panel blowout on an Alaska Airlines 737 Max 9<\/a> \u2014 have been mounting headwinds for the struggling planemaker.\u00a0On top of this all, a seven-week strike sent the company to the brink of a devastating stall.\u00a0<\/p>\n

The good news is that Boeing is under new leadership, with newly appointed<\/a> CEO Kelly Ortberg dismantling disastrous DEI initiatives<\/a> and shifting the focus to safety as the era of wokeism comes to an abrupt end.<\/p>\n

As of mid-November, Goldman’s\u00a0Noah Poponak and\u00a0Anthony Valentini still had a “Buy” rating on the planemaker with a 12-month price target of $200.<\/p>\n

“Our 12-month price target of $200 is derived from targeting a 4.5% free cash flow yield on 2026E free cash, discounted back one year at 12%. Key risks: (1) the pace of air traffic growth, (2) supply chain ability to ramp-up production, and (3) contract operating performance within the defense segment,” the analysts said.\u00a0<\/p>\n

<\/a><\/p>\n

Shares of Boeing were up 1% to $158 handle in premarket trading. However, on the year, shares were down 40%.\u00a0Shares have been locked in a multi-year lateral\u00a0between $100 and $250 following the Max jet crashes\u00a0<\/p>\n

<\/a><\/p>\n

FAA Administrator Mike Whitaker recently told Reuters that he wouldn’t be surprised if it took the company a couple of months to ramp production at Renton to the FAA’s production limit.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 12\/10\/2024 – 11:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/boeing-reportedly-restarts-737-max-production-amid-turbulent-year<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Boeing Reportedly Restarts 737 Max Production Amid Turbulent Year Boeing has reportedly resumed production of its 737 Max aircraft at its Renton factory in Seattle,…<\/p>\n","protected":false},"author":0,"featured_media":1507134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1507133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1507133"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1507134"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1507133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1507133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1507133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}