Boeing jumps after CEO targets ramping up production of best-selling 737 MAX

Boeing shares BA.N jump 5.3% after CEO Kelly Ortberg says that he wants to crank up 737 MAX production from mid-30s a month now to 47 by the end of the year

Stock last up 4.7% at $211.2 after hitting a more than 1-year high

Ortberg at Bernstein conference says BA aims to increase production of its best-selling airplane to 42 a month "by midyear"

737 production currently is capped at 38/month, a limit imposed by the U.S. Federal Aviation Administration in 2024 after a midair accident put the planemaker's safety and production quality program under new scrutiny

BA up 18.5% YTD vs near 1% dip for the Dow .DJI