UPDATE 1-Boeing's lower MAX production will slow planemaker's recovery, CEO says
Boeing's lower 737 MAX production will slow the pace of its recovery, as it faces a "difficult" period following a harrowing mid-air blowout on one of its jets in January, CEO Dave Calhoun told employees on Wednesday. Calhoun, who will step down as CEO around the end of the year, acknowledged Boeing was "in a tough moment" in the near term but reiterated that the company was deliberately slowing the system to improve quality and safety. Boeing is, however, seeing early signs of more "predictable, stable and efficient cycle times in (its) 737 factory," and expects this will continue to slowly improve, Calhoun said.
