BRIEF-Boeing Says Adjusting 737 Production System Temporarily To Accommodate Pause In MAX Deliveries

Boeing Co: * STATEMENT FROM BOEING CEO DENNIS MUILENBURG: WE OWN SAFETY - 737 MAX SOFTWARE, PRODUCTION AND PROCESS UPDATE

* BOEING - ADJUSTING 737 PRODUCTION SYSTEM TEMPORARILY TO ACCOMMODATE PAUSE IN MAX DELIVERIES * BOEING - DECIDED TO TEMPORARILY MOVE FROM A PRODUCTION RATE OF 52 AIRPLANES PER MONTH TO 42 AIRPLANES PER MONTH STARTING IN MID-APRIL

* BOEING - AT A PRODUCTION RATE OF 42 AIRPLANES PER MONTH, 737 PROGRAM AND RELATED PRODUCTION TEAMS WILL MAINTAIN THEIR CURRENT EMPLOYMENT LEVELS * BOEING CEO SAYS ASKED BOARD TO ESTABLISH A COMMITTEE TO REVIEW COMPANY-WIDE POLICIES AND PROCESSES FOR DESIGN AND DEVELOPMENT OF AIRPLANES WE BUILD

* BOEING CEO SAYS "WE'RE MAKING PROGRESS ON THE 737 MAX SOFTWARE UPDATE THAT WILL PREVENT ACCIDENTS LIKE THESE FROM EVER HAPPENING AGAIN" * BOEING - COMMITTEE MEMBERS INCLUDE LYNN GOOD, CHAIRMAN, DUKE ENERGY CORPORATION AND EDWARD M. LIDDY, FORMER CHAIRMAN AND CEO OF ALLSTATE CORPORATION

* BOEING - COMMITTEE MEMBERS TO INCLUDE EDMUND P. GIAMBASTIANI JR., ROBERT BRADWAY, AMONG OTHERS * BOEING - DECIDED TO TEMPORARILY MOVE FROM A PRODUCTION RATE OF 52 AIRPLANES PER MONTH TO 42 AIRPLANES PER MONTH STARTING IN MID-APRIL

* BOEING - ADM. EDMUND GIAMBASTIANI, JR., FORMER VICE CHAIRMAN, U.S. JOINT CHIEFS OF STAFF TO SERVE AS CHAIR OF COMMITTEE TO REVIEW CO-WIDE POLICIES * BOEING - TO WORK DIRECTLY WITH SUPPLIERS ON THEIR PRODUCTION PLANS TO MINIMIZE OPERATIONAL DISRUPTION AND FINANCIAL IMPACT OF PRODUCTION RATE CHANGE Source text for Eikon: Further company coverage: