Posted 3/20/2024, 5:07:48 PM
Boeing Slows Plane Production to Prioritize Safety, Quality Control
- Boeing is deliberately slowing aircraft production to focus more on safety and quality control, to satisfy regulators
- This slower pace will increase Boeing's cash burn rate in the short term
- Boeing aims to rebuild confidence in its aircraft and reputation among regulators and customers
- Competitors may take market share from Boeing while its production is reduced
- Wall Street analysts consensus have a moderate buy rating on Boeing stock with potential for 40% upside
