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Boeing Slumps on Report That Max Production Issue Is Worsening

(Bloomberg) -- Shares of Boeing Co. and its top supplier sank on growing concerns that production flaws on the planemaker’s 737 Max aircraft will take longer to correct than expected, further delaying deliveries of the cash-cow jet. Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Rallies Grow as Army Calls for Evacuation in GazaIsrael Latest: UN Staff Given Evacuation Order for Northern GazaVideo Game Cyberpunk 2077 Uses AI To Replace...
New York United States Bloomberg Businessweek Michael Oleary Spirit Aerosystems Holdings Inc Ryanair Holdings Plc
Source: yahoo.com

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New Boeing 737 MAX supplier defect to delay aircraft deliveries

(Reuters) -Boeing has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems that has resulted in improperly drilled holes on the aft pressure bulkhead, the planemaker said on Wednesday. Boeing said the defect will delay near-term deliveries and the company is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Boeing shares were down 2.7% and Spirit shares fell 6.1% in afterhours trading.
Valerie Insinna Chris Reese Muralikumar Anantharaman David Shepardson Spirit Aerosystems Aviation Administration
Source: yahoo.com

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