Aerospace giant Raytheon Technologies Corp can support a monthly production rate in the mid-50s range for Airbus SE's A320 aircraft this year, a target that appears slightly below the planemaker's planned output hike.
Airbus' current output rate stands at 45 A320neo-family jets and the company plans to exit the year at a fraction below 60 a month - a rare one-third hike seen in aerospace, ReutersSpeaking at a Barclays conference on Wednesday, Raytheon Chief Executive Officer Greg Hayes backed Airbus rival Boeing Co's"There's
an aspiration to get to 38 by the end of the year. We can certainly support that," Hayes said.Production targets of the planemakers are under the scanner by investors - albeit for different reasons. Boeing is in the midst of staging a recovery from successive crises caused by two fatal crashes and the pandemic.
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