FAA Administrator Says Is About Halfway Through Six-Week Audit Of Boeing 737 Program, Spirit AeroSystems
Portfolio Pulse from Benzinga Newsdesk
The FAA Administrator announced that they are halfway through a six-week audit of Boeing's 737 program and Spirit AeroSystems, according to Reuters.
February 06, 2024 | 6:20 pm
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NEUTRAL IMPACT
The FAA's ongoing audit of Boeing's 737 program could impact investor confidence and stock price.
The audit's outcome could either alleviate or exacerbate regulatory concerns, affecting Boeing's stock. However, the impact is uncertain until the audit's findings are released.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Spirit AeroSystems, being audited alongside Boeing's 737 program, might see short-term stock volatility.
As a key supplier for Boeing, any findings from the audit could impact Spirit AeroSystems' operations and stock, but the direction is unclear until results are published.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80