Boeing Shares Are Trading Lower Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Boeing Co (BA) shares are trading lower after the company warned of delivery delays due to a manufacturing defect. The issue is related to a quality problem with supplier Spirit Aerosystems Holdings Inc (SPR). The defect is not a safety issue and the current fleet can operate as normal. However, Wall Street analysts suggest that Boeing may now be reevaluating its 737 2023 delivery target of 450 planes.
August 24, 2023 | 1:47 pm
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NEGATIVE IMPACT
Boeing's shares are trading lower due to a manufacturing defect causing potential delivery delays. This could impact the company's 737 2023 delivery target.
The manufacturing defect and potential delivery delays could negatively impact Boeing's financial performance and its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Spirit Aerosystems, a supplier to Boeing, has a quality issue that is causing potential delivery delays for Boeing's 737 MAX jets.
The quality issue at Spirit Aerosystems could negatively impact its relationship with Boeing and its financial performance, leading to a potential decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80