Boeing unlikely to hit pre-grounding output targets for 737 MAX before 2022
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CHICAGO (Reuters) - Boeing Co is unlikely, for several years, to hit the monthly 57-unit production rate it had targeted for the 737 MAX preceding the grounding of the jet due to delays in regulatory approval, Chief Financial Officer Greg Smith said on Wednesday.Boeing was building 52 MAX aircraft per month before the plane was grounded last March following two fatal crashes, which slowed production rates and ultimately spurred an output freeze beginning in January this year.U.S. approval for..