Boeing Co. rose after mapping out a sharp boost to output of the 737 Max, saying it remained confident that the beleaguered plane would be cleared to fly this year.
Production of the best-selling Max will increase 36% to 57 jets a month by late next year, the company said as it reported earnings on Wednesday, easing worries it would cut output. The tab for the Max’s grounding climbed $900 million to $9.2 billion in the third quarter, but the U.S. manufacturer said it didn’t see any major additional expense for customer compensation.
