Boeing CFO Says Have About 35 Max 7s And Max 10s In Inventory That Will Be Delivered After FAA Certification; Ended Quarter With About 60 787 Airplanes In Inventory, About 50 Of Which Require Rework, Which Continues To Progress Steadily
Portfolio Pulse from Benzinga Newsdesk
Boeing's CFO reported that the company has approximately 35 Max 7s and Max 10s awaiting FAA certification before delivery. Additionally, Boeing ended the quarter with around 60 787 airplanes in inventory, with about 50 needing rework. The rework process is progressing steadily, as stated during the conference call.
January 31, 2024 | 3:50 pm
News sentiment analysis
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NEUTRAL IMPACT
Boeing has a significant number of aircraft pending FAA certification and rework, which may affect delivery schedules and financial performance in the short term.
The news indicates a backlog of aircraft that are not yet contributing to Boeing's revenue, which could be seen as a negative. However, the steady progress on reworks suggests that Boeing is managing the situation, which may mitigate negative investor sentiment. The impact is likely neutral in the short term as the market has likely already priced in the known certification and rework issues.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80