US Stock Market Move | Boeing Company(BA.US) rose more than 3%, planning to increase the production capacity of the 737 series aircraft in the coming years.

On Thursday, Boeing Company (BA.US) rose more than 3%, reaching $245.03. In terms of news, a senior executive of Boeing Company announced at a meeting in North Seattle that Boeing Company plans to increase the monthly production of its core product, the 737 series aircraft, to 63 planes in the coming years. Katie Ringgold, the head of the Boeing Company 737 project, stated at The Pacific Northwest Aviation Alliance meeting on Tuesday that the company has installed tooling equipment to support the new 737 final assembly line in a traditional wide-body aircraft factory and is currently hiring mechanics and engineers in preparation to start production in the middle of this year. She mentioned that the production of this narrow-body plane is expected to increase by approximately 15% in the next 18 months. Maintaining a steady increase in 737 aircraft production is crucial for Boeing Company to turn around its financial situation and repay its debts, as this aircraft model is a key source of revenue for the company.