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Boeing Shares Plunge on Slow 737 Max Production Ramp Plan

Boeing shares plunged nearly 10% Tuesday afternoon.

Credit: M. Scott Brauer / Bloomberg / Getty Images

Key Takeaways

Boeing shares tumbled after the plane maker’s cautious 737 Max production plan disappointed investors.

Boeing expects to raise 737 Max output from its current 47 planes per month to 52 in late 2027.

The company’s third-quarter results also came in weaker than Wall Street analysts had anticipated.

Boeing management said the plane maker will be deliberate in ramping up 737 Max production. Investors are impatient.

Shares of Boeing (BA) were down 10% in afternoon trading…

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