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Boeing shares have lost 15.4% over the past twelve months, underperforming the S&P 500's 17.0% return, as production constraints at the company's own factories emerge as a primary headwind.
Despite holding a backlog of more than 6,200 airplanes, the aerospace manufacturer is struggling to convert that demand into delivered aircraft, a challenge management has explicitly acknowledged.
The core of the operational issue lies in the 737 MAX assembly line.
In a report from Reuters, Boeing management noted on September 16 that stabilizing the production rate at 47 jets per month is taking longer than expected.
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