Boeing's shares fell to a one month low on September 11, 2025, after its chief executive warned of possible delays on certification of its new and long awaited 777X jet.
Speaking at Morgan Stanley's 13th Annual Laguna Conference, Boeing CEO Kelly Ortberg said the company still has a “mountain of work” to do in regards to the certification of the jet.
He said there are “no new technical issues” on the airplane or engine — the GE9X engine — and that both are “really performing quite well”.
“We still don't have authorisation from the FAA for a good portion of the certification programme,” Ortberg said. “We're working through that right now with the FAA, but we're clearly behind our plan in getting the certification done.”
He explained that “even a minor schedule delay” on the programme has a large financial impact.
“We're looking at that real hard,” the chief executive continued. “Demand for the aircraft is fantastic and it's going to be a great airplane. We've just got to get ourselves through the certification programme and the amount of work still in front us.”
The company is continuing to work towards certification of its -7 and -10 variants of its 737 MAX aircraft for next year.
Boeing has stabilised production of its 737 MAX jets at 38 per month, reaching reaching the monthly cap set upon by FAA following the well-documented Flight 1282 incident last year. Boeing said it will aim to lift the cap and production to 42 by the end of the year. Ortberg said the company has “got to do this right” and maintain stability, delaying production increases by a month if necessary.
Production of the 787 Dreamliner is expected to reach 10 units by next year, up from eight units currently.