Boeing Rises as CEO Touts 737 Output, New Jet Approvals Nearing

Boeing Co.’s Chief Executive Officer gave investors an optimistic forecast for this year and beyond, as the US planemaker raises production on its workhorse 737 Max jet, nears certification on long-delayed models and expects a windfall from defense spending.

The planemaker has successfully completed a so-called capstone review with the Federal Aviation Administration to further increase production of the 737 Max to 47-jet monthly output, a key step to improve profitability and generate cash, Kelly Ortberg said at the Bernstein Strategic Decisions Conference on Wednesday.

“FAA supports Boeing’s production rate increase from 42 to 47 aircraft per month,” the ...