EVERETT, Wash. (

TheStreet

) --

Boeing

(BA) - Get Report

said it will boost production of the 777, one of its two most profitable airplanes, due to increased demand.

The company said the 777 production rate will increase to 8.3 aircraft a month in the first quarter of 2013, marking the year's second scheduled production increase. In March, Boeing said it would increase production from five to seven airplanes per month starting in mid-2011.

"In response to strong customer demand globally, we are increasing our yearly production to one hundred 777s," said Jim Albaugh, CEO of Boeing Commercial Airplanes, in a prepared statement. "The 777 is the twin-aisle market leader."

So far, 907 Boeing 777s have been delivered. The company has a backlog of more than 250 airplanes.

The 777 production increase follows

two schedule increases this year for the 737. Boeing remains a company that

funds 787 delays with increasing sales of its two market leaders, the 737 and 777.

Shares of Boeing were falling by about a dollar at $64 shortly after market open Monday.

-- Written by Ted Reed in Charlotte, N.C.

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Ted Reed