Boeing plans to increase production of its 737 jetliner to 34 a month from the current rate of 31.5 a month, the company announced.
The change will take place in early 2012.
Last year, analysts were predicting Boeing would cut rates in a difficult airline economic environment. But lately, Boeing leaders have said they were debating whether to increase them.
“Even through the global economic downturn, our diverse 737 backlog has remained very strong,” Boeing commercial airplanes president and CEO Jim Albaugh said in a statement. “Increasing the 737 production rate is the right thing to do to meet the growth and fleet replacement needs of our customers.”
The news is good for Spirit AeroSystems, which builds the 737 fuselage and derives half of its revenue from the program.