NEW YORK (TheStreet) -- Boeing Co. (BA) has reportedly pushed some factory work on the 787 Dreamliner to the uncovered tarmac outside its assembly plant in Washington state in an effort to keep churning out the popular plane at a rate of one every three days, sources told Reuters.
At the same time, the sources added, at least 16 Italian-made fuselage sections for the 787 have stacked up in a Booeing hangar in Wichita, Kansas, rather than being shipped directly to the factory, a sign of changes in the production process.
The unusual shifts, details of which have not been previously reported, are partly a response to unfinished jobs building up as 787s move along the assembly line and partly an effort by Boeing to speed up the factories, Reuters said.
The company is trying to streamline 787 production and cut costs while reaching its target of delivering a record 110 Dreamliners this year, up from 65 in 2013.
Investors are counting on smooth Dreamliner production to lift Boeing's stock, which has declined 12% this year on fears that production could falter as Boeing speeds up the factories and introduces new models, and that global demand for new airplanes will taper off after years of heady growth, Reuters added.
Shares of Boeing are up 0.66% to $120.63.
TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: