Boeing (BA, Financial) has resumed production following a seven-week machinist strike, boosting investor confidence. The company's stock rose by 4.5% to $164.10, while the S&P 500 and Dow Jones fell by 0.3% and 0.4%, respectively. The restart of 737 MAX production is a key factor in the stock's rise, though the process remains challenging due to prior disruptions.
Boeing delivered 13 planes in November, including nine 737 MAX jets, affected by the strike. So far this year, 318 planes have been delivered, with 243 being 737 MAX. The company aims to reach a production rate of 38 planes per month, a regulatory milestone, with a long-term goal of 50 planes monthly.
