03:38 PM EDT, 09/10/2024 (MT Newswires) -- Boeing's ( BA ) deliveries and orders declined month over month for August, while the plane maker's share price was falling in late-afternoon trade.

The company delivered 40 jets last month, including 32 737 Max aircraft, down from a total of 43 in July, but up from 35 a year earlier, according to data posted on its website. It booked 22 orders in August, down from 72 the previous month and 45 a year earlier.

Boeing ( BA ) shares were falling 2.3% in Tuesday late-afternoon trade.

The company's latest 737 supplier master schedule indicates that Max production will now reach 42 per month in March 2025, compared with a previous estimate of September this year, Reuters reported Monday, citing three industry sources.

Boeing ( BA ) didn't respond to MT Newswires' request for comment on the matter.

"We note the (Federal Aviation Administration) production limit on the Max of 38 (per month) remains in place indefinitely as (Boeing ( BA )), investors, and the aerospace community overall wait for a green light from the FAA for rates to increase beyond this cap," Truist Securities said in a Tuesday note to clients. "We do expect that the continued delay in rate increases and production (uncertainty) will add strain to the supply chain overall and exacerbate inventory build-ups."

Year to date through August, Boeing ( BA ) delivered 258 planes and booked 250 orders. As of Aug. 31, it had 6,165 unfilled orders, its data showed.

On Sunday, Boeing ( BA ) said it had reached a tentative labor deal with the International Association of Machinists and Aerospace Workers, representing more than 33,000 employees. The proposed four-year agreement with the union's districts 751 and W24 includes a 25% general wage increase over the length of the contract.

Aerospace industry veteran Robert Ortberg joined the company as chief executive last month, succeeding Dave Calhoun, who earlier this year announced his plan to step down at the end of 2024.

On July 1, Boeing ( BA ) announced a deal to acquire Spirit AeroSystems ( SPR ) in a roughly $8.3 billion deal that would reverse their 2005 separation.

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