Boeing Co. Chief Executive Officer Kelly Ortberg said he’s optimistic the company can return to a closely watched production target for its all-important 737 airliner this year, a key milestone to turning a corner after reporting its the second-worst annual loss in its history.

Boeing posted a nearly $4 billion loss for the fourth quarter. The company has taken charges that span its defense and commercial airplane units. CEO Kelly Ortberg said Boeing is making progress on stabilizing the manufacturer.

Boeing posted a roughly $4 billion loss for the fourth quarter, according to preliminary results last week. The company has taken charges that span its defense and commercial airplane units. CEO Kelly Ortberg is set to detail the company's next steps after safety and manufacturing crises.