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Boeing, the US aircraft manufacturer, plans to open a fourth 737 production facility in midsummer

Boeing will open a fourth 737 MAX line in Everett in Washington in the middle of summer, a Boeing executive announced on Tuesday during an aerospace suppliers' conference.

North Line is a new production line that will help the U.S. aircraft manufacturer increase its 737 MAX jet production to 63 per month in the next few decades. It currently increases production from 38 to 42 jets per month.

Katie Ringgold, Vice President and General Manager of the 737 Program at Boeing, said that the company will continue to increase production by 15% over the next 18-months. She spoke at the Advance 2026 Conference organized by the Pacific Northwest Aerospace Association.

This would mean that Boeing's next rate target of 47 aircraft per month will be reached in 2027 and not this year as many industry observers and investors anticipate.

Boeing officials told two suppliers to expect a monthly production rate of 47 aircraft this year.

Boeing shares have dropped by nearly 1%.

The planemaker has recovered from crises that impacted its production and supply chain for several years.

Boeing CEO Kelly Ortberg, who was tasked with turning around the company and restoring "production stability", has prioritised restoring "production stability" by increasing production five planes every six months.

The North Line - in Everett - will be the first time a 737 - has been manufactured outside Boeing's Renton Plant south of Seattle. Boeing has begun training workers for the line.

Boeing plans to increase 737 production to 63 planes per month "over the next few years", Ringgold informed suppliers.

Boeing's best selling airplane, the 737 MAX, is in a close competition with Airbus A320neo on the lucrative single-aisle market. (Reporting and editing by Will Dunham and Rod Nickel; Reporting by Dan Catchpole)

(source: Reuters)