Boeing (BA.N) CEO says the company will not reach its current 737 production-rate target until next year.

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Boeing reported Q3 revenue $24.19bln and GAAP loss per share $0.26; adjusted loss per share $0.34 versus analyst expected loss of $0.21. Commercial Airplanes revenue fell to $10.7bln; operating loss was $697m, with an operating margin of -6.5%. Management attributed the shortfall to weaker delivery profitability and rising production costs, including supply-chain inflation. Boeing said it still cannot lift 737 monthly output from 42 to 47, citing wing production as the bottleneck. Regulators approved the 737-7 and 737-10 models; Boeing also won the US Navy F/A-XX contract and posted a second consecutive quarter of positive free cash flow.