Boeing: Boeing slows 737 Max jet output to 31/month amid issues, Air Current reports

Boeing ( BA ) has slowed production of 737 MAX airplanes to 31 per month from 38 due to delays related to fitting wing systems, the Air Current's Jon Ostrower and Will Guisbond report, citing people familiar with the progress of the planemaker's factory in Renton, Washington. The factory had briefly reached a production rate of 38 planes in February but pulled back to 31 after unfinished assembly tasks in wing systems installation spiked sharply, according to the report. The issue persisted through March and Boeing was further slowing some earlier parts of its wing production to catch up with the delays, the report adds. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>>