The company, which assembles the single-aisle airliner in Renton, Wash., said it is going to build 737s at the increased rate of 42 airplanes per month. That’s up 33% from 31.5 planes a month since 2010.

The first 737 built at the new rate is scheduled to be delivered in the second quarter.

Boeing’s announcement comes less than a week after it reported record revenues of $86.62 billion in 2013. The company said it plans to deliver 715 to 725 airplanes in 2014, up from last year’s record of 648.

If all goes to plan, the Chicago-based company plans on increasing the 737 production rate to 47 planes a month in 2017.