Jan 28 - Boeing ( BA ) CEO Kelly Ortberg said on Tuesday he is
"not too worried" about the Trump administration's threats to
impose tariffs on trade partners, including countries that are
important parts of Boeing's ( BA ) far-flung supply chain.
"This administration's very focused on jobs, on U.S. jobs,
and, as you know, Boeing ( BA ) production is all U.S.-based., and we
export these aircraft throughout the world," he said in an
interview.
Boeing ( BA ) is working with the administration to speed up
delivery of two replacement presidential aircraft, better known
as Air Force One, Ortberg said.
The U.S. planemaker has already lost more than $2 billion on
the fixed-price program and the planes are not expected to be
delivered until later this decade, several years behind
schedule.
"Clearly, the president would like the airplane earlier, and
so we're working to see what could be done to accomplish that,"
Ortberg told Reuters.
Ortberg said he is focused on stabilizing the company around
its strengths. He said he is looking at non-core segments to
sell, likely from Boeing's ( BA ) defense, space and services
divisions. Boeing's ( BA ) commercial airplanes business is already
streamlined, he said.
For now, that business is focused on stabilizing and ramping
up production of its existing airplanes. He told CNBC on Tuesday
that he expects Boeing ( BA ) to reach a production rate of 38
airplanes a month on the 737 MAX program, and by the second half
of the year, get approval from the Federal Aviation
Administration to increase production above that rate.
After that, he said, Boeing ( BA ) will increase 737 production by
five aircraft every six months.
Ortberg also said he expects to raise 787 production from
five per month now to seven a month in the first quarter of
2025.
(Additional reporting by David Shepardson; Editing by Rod
Nickel)