Production ramp-upThe Boeing Company (BA) has been ramping up the production of its fast-selling 737 and 787 jet models to meet its 2019 delivery targets. The company recently announced that it plans to raise the monthly production of its 737 model to 57 units from 52 units by June this year and to increase the monthly output of its 787 series to 14 from 12.The initiative should help the company keep up with rising aircraft demand and stay ahead of its European rival Airbus. Increased production should also help the aircraft manufacturer fulfill its backlog of 5,900 jet orders. At its current rate of production, it expects to complete the backlog orders in the next seven years.\n\nIn 2018, Boeing delivered a record 806 jets and surpassed its 2017 record shipment amount of 763. Strong aircraft deliveries drove the company’s 2018 revenue up 8% YoY to $101.13 billion, ahead of analysts’ expectation of $99.7 billion as well as its own guidance range of $98 billion–$100 billion.\n\nBoeing expects to deliver 895–905 aircraft and generate revenue of $109.5 billion–$111.5 billion in 2019.Major revenue driver: 737 jetsLast year marked the 11th straight year of annual production growth for Boeing. The major contributor to Boeing’s 2018 deliveries was its 737 series aircraft. The company delivered 580 of the 737 series planes, ~72% of its total 2018 shipments. Boeing’s 737 series aircraft is the most advanced and fuel-efficient airplane in the single-aisle category. \n\nFurther, Boeing delivered a total of 46 jets in January 2019, 34 of which were the 737 model. During the month, Boeing’s jets were delivered to major US air carriers (IYT) American Airlines (AAL), United Airlines (UAL), Delta Air Lines (DAL), and Alaska Air Group (ALK).