Boeing: new problem reported on the 737, the title falls


(CercleFinance.com) – Boeing posted the largest drop in the Dow Jones on Thursday morning in response to information suggesting the appearance of new malfunctions likely to affect its 737 MAX.

In a press release released Wednesday evening, aeronautical equipment manufacturer Spirit AeroSystems acknowledged the existence of a quality problem with the rear pressure bulkheads it manufactures for certain Boeing 737s.

‘Boeing discovered that the fuselages of many 737 MAX aircraft had hundreds of drilled holes that were either misaligned or duplicated and then repaired with fasteners, a procedure validated by quality inspections at Spirit’, analysts from Jefferies.

The Wichita (Kansas) group, however, mentions a limited number of aircraft concerned, also ensuring that it continues to deliver its parts normally to the aircraft manufacturer.

Spirit – which says it has made some changes to its manufacturing processes to address these difficulties – adds that Boeing has determined that there are no immediate safety concerns and that its 737 fleet can continue to operate.

“This nevertheless means that certain deliveries planned in the short term will have to be postponed”, underline the Jefferies teams.

Boeing had recently expressed its intention to increase the production rates of the 737 MAX to bring them to 50 aircraft per month by 2025/2026.

The title of the American aircraft manufacturer was penalized on the stock market after this information and dropped more than 3% after half an hour of trading on Wall Street.

With a fall of more than 10%, the action Spirit AeroSystems was even more sanctioned.

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