Boeing says suppliers preparing for production increase
Boeing Co. is boosting production and has been working with suppliers to make sure they’re ready to handle the increase, which should pay dividends for the Dayton region.
Jim McNerney, CEO of Boeing (NYSE:BA), said Wednesday during a conference call following its earnings report that suppliers have anticipated robust growth from both it and rival Airbus.
“We spend a lot of time talking with our supply chain working on them with readiness,” McNerney said. “But I think the supply chain is ready and we’veVolumetric Efficiency spend a lot of time investing in getting them ready.”
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Increased production fuels growth at Boeing
In the Dayton region, soaring jet orders for Boeing translates into continued jobs at the local manufacturers that supply its parts, and could lead to new business. There are thousands of jobs at dozens of manufacturers in this area that are tied to the health of Boeing and the aerospace manufacturing sector.
Boeing, for example, plans to increase production rates on the 737 from the current level of 42 aircraft per month to 47 a month in 2017 and then to 52 a month in 2018. The 737 is one of the key programs for UTC Aerospace Landing Systems in Troy, which has 700 employees.