“We'll ensure that the KPIs are showing a stable production system and then request an increase to 42 per month with the FAA later this year.”

In context

“ment program execution. Third, changing our culture. And fourth, building our new future. So for stabilizing our business our balance sheet has been an important focus. The equity raised at the end of last year was sized to provide us the ability to restore our production system to health. With the better than expected delivery performance we naturally had less drain on cash in the first quarter, so we continue to be on solid footing here. As we announced yesterday the expected divestiture of portions of our digital aviation solutions business will also provide a significant cash infusion. The key to cash generation will be continued progress on the 737 MAX ramp. We are currently producing in the low 30s per month and expect that we'll get to the 38 per month cap over the next few months. We'll ensure that the KPIs are showing a stable production system and then request an increase to 42 per month with the FAA later this year. We've stayed very close to the new Department of Transportation and FAA leadership, and we remain aligned on the criteria to move to the next rate. If you look back before the strike last fall, we've seen about a 50% reduction in traveled work and a 25% reduction in rework hours on the 737 line. So the changes we've made to strengthen our quality system are delivering results. Even more importantly almost every customer I talk with report an improvement to the quality of the airplane. On 787 we continue to produce at five per month and I'm pleased to report that we've completed the work on the last joint verification airplane in Everett which now allows us to close our shadow factory and redeploy the people and facilities dedicated to that work. We're poised to move to seven per month thi”