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BOEING TO REDUCE 737 PRODUCTION RATE

 BOEING TO REDUCE 737 PRODUCTION RATE
 SEATTLE, Jan. 31 /PRNewswire/ -- Boeing Commercial Airplane


Group's Renton Division will reduce the production rate of its twinjet 737 from 21 a month to 14 a month, beginning in October 1992.
 Citing changing market conditions, the company previously had planned a 737 rate reduction from 21 to 17 aircraft a month, effective at the end of the third quarter of 1992. As it continued to review production rates, the division determined it could satisfy ongoing customer delivery requirements for the 737 twinjet at the rate of 14 a month.
 The Renton Division still intends to deliver 223 of the 737 aircraft in 1992. The revision accommodates all current customer requests for delivery changes.
 "We remain optimistic about demand for the 737 over the long- term," said Ron Woodard, vice president and general manager of the Renton Division. "Even at the 14-a-month rate, the 737 twinjet is at the highest production rate of any commercial jet."
 Current production backlog on the 737 program stands at 745 airplanes.
 -0- 1/31/92
 /CONTACT: Steve Smith, 206-237-0600, or Jack Gamble, 206-237-1715, both of Boeing Commercial Airplane Group/
 (BA) CO: Boeing Commercial Airplane Group ST: Washington IN: AIR SU:


LM -- SE008 -- 5751 01/31/92 16:00 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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