Shares of aerospace giant Boeing $BA surged by 4% following the company's announcement to boost production of the 737 MAX, its best-selling narrow-body aircraft. CEO Kelly Ortberg unveiled the updated 737 MAX manufacturing plan at the Bernstein conference, revealing goals to ramp up output to 47 jets per month by late 2025.

The Boeing Company $BA, once a global benchmark for aerospace manufacturing, has entered a new phase in its recovery strategy. Following a series of safety lapses and regulatory scrutiny, Boeing now aims to stabilize the monthly output of its flagship aircraft, the 737 MAX, at 38 units, according to Doug Ackerman, Vice President of Quality for Commercial Airplanes.