Boeing restarts production of 767 and 777 models

On Monday, Boeing Co (NYSE:BA ). announced the recommencement of production for its 767 and 777 aircraft models, following a halt caused by an extensive worker strike. The production of the 737 model had already resumed last week, marking a step forward for the company's operations in the Pacific Northwest. Stephanie Pope, who leads Boeing's commercial jet division, confirmed the news on LinkedIn, emphasizing the company's focus on preparing manufacturing staff with the necessary training and certifications and strategically arranging inventory to facilitate smooth production.

The strike, which lasted over 50 days, significantly impacted Boeing's financial stability. As a result, the company has indicated that ramping production back up to normal levels will be a gradual process. This is due to the need for some employees to undergo recertification and the potential misplacement of components during the production pause.

Boeing experienced a sharp decline in aircraft deliveries during the strike, with November seeing the lowest number of aircraft handed over in four years. The company clarified that the planes delivered in that month were all constructed before the strike, utilizing existing inventory.

It's important to note that the 787 Dreamliner model's production was not directly affected by the strike, as it is assembled at a separate, non-union facility in South Carolina. However, this model has faced its own challenges with shortages of cabin equipment and other essential components.

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Source: Investing.com