Boeing says further 737 production increase likely


Boeing Co said it likely would increase its production rate on 737 jets beyond its current forecast, which calls for 42 a month starting in the second quarter of 2014.

The company is currently building a third production line at its factory in Renton, Washington, to accommodate the 737 MAX, which will enter production in 2015.

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"Eventually, we'll use the third line for future rate increases," Beverly Wyse, vice president and general manager of the 737 program, said in a conference call with reporters on Thursday.

She said Boeing officials "expect to see significant growth" in orders for single-aisle planes. "We don't have any specific plans when that next rate increase will be, but we're pretty sure it's coming."

Earlier Thursday, Boeing said it had settled on a "firm concept" for its new 737 MAX jet and had chosen Honeywell International Inc and Rockwell Collins Inc to supply new systems for the plane.

(Reporting by Alwyn Scott; editing by John Wallace)