Boeing Stock Drops. 737 Deliveries Are at Risk After Issue at Spirit AeroSystems.
Boeing stock falls due to quality concerns with supplier Spirit AeroSystems, which could impact deliveries of 737 models.
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Posted 8/24/2023, 11:50:00 AM
barrons.com
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Boeing has announced a new quality issue with its 737 MAX planes, involving supplier Spirit AeroSystems, resulting in improperly drilled holes on the aft pressure bulkhead, which could lead to a delay in deliveries and potentially cause the company to miss its annual delivery target.
Boeing has discovered a defect in the 737 Max jet, leading to a delay in deliveries and causing Boeing stock to drop nearly 5%, with supplier Spirit AeroSystems falling over 12%. Despite the defect, the Federal Aviation Administration assures that it does not pose a safety threat.
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