Howmet CEO John Plant says he expects Boeing to trim suppliers’ orders toward lower production rates this year as the plane maker reverses a pledge to keep demand above current airplane output. “We had to completely redo our year,” says Plant on an investor call. He says it’s pivoting resources towards more output for Airbus jets, defense products and wheels for commercial trucks. He cautions this could change if Boeing and engine suppliers GE and Safran actually boost production. While wide-body demand is increasing, Plant says Howmet has cut its assumption for monthly 787 output to five from six, still above current build rates. Howmet surges nearly 14% to $75.95, and on pace for largest percent increase since November 9, 2020, when it rose 18.99%.