Boeing Slides on CEO's Grim 737 Production Forecast

Boeing shares fell on Thursday after the company's CEO, Dave Calhoun, made comments about the 737 jet program. In a conference call with investors, Calhoun stated that Boeing was facing challenges in meeting production targets for the 737 MAX aircraft.

The CEO noted that Boeing was working to address issues related to supply chain and manufacturing, but acknowledged that progress had been slower than expected.

Boeing's shares declined by around 2% in trading on Thursday following Calhoun's comments. The company's stock price has been volatile in recent months due to ongoing concerns about the 737 MAX program.