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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (854)	10/5/1998 9:05:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

Boeing 737 Production To Increase -- AP SEATTLE (AP) -- As of Monday, the Boeing Co. (NYSE:BA - news) is set to produce one new-model Boeing 737 per business day or 21 a month, three times as many as at the start of the year. The achievement, following an interim increase to 14 of the twin-engine jetliners a month over the summer, shows that difficulties at the 737 factory in Renton have been largely resolved, said Stephanie Mudgett, a spokeswoman for Boeing Commercial Airplane Group. A further production rate increase to 24 a month is set for mid-1999 with the additional three planes to come from the old McDonnell Douglas assembly plant in Long Beach, Calif. As of Aug. 31, Boeing had delivered 77 new-model 737s and held orders for another 1,057. The 737 problems, ranging from parts shortages to imposition of last-minute certification requirements, were a big factor in about $3 billion in company write-offs over the past year. ''Everybody has come together, and that's what I'm most pleased about,'' said Dennis Vezzetti, operations director for Boeing's Renton division.

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