Boeing's chief executive, Dave Calhoun, said Boeing suppliers will continue manufacturing parts for the company's misplaced 737 Max despite a recent manufacturing issue that halted delivery of the narrow-body aircraft.
Last week, Boeing said that near-term delivery of the aircraft would slow as the company repairs a new manufacturing problem involving the Spirit AeroSystems fuselage.
During the annual meeting of Boeing, Calhoun said the company's buffer stock is comfortable holding as its production heats up to support an increase in jet production from its current rate of 31 Max planes per month.
The company's annual production is slated to rise to 42 jets by June, then increase monthly production to 42 by January 2024, 47 by June next year, and 52 by January 2025, a rate Boeing has not maintained since 2019, when the company reduced output after two fatal Max crashes.
Despite the delivery pause, Boeing shares are up Tuesday, after the company posted a surge of about 1.37% in the past month and almost 9% since Jan. 1.