Boeing Foresees Slower 787 Production Ramp-Up Due To Supplier Shortages: Report (UPDATED)
Portfolio Pulse from Benzinga Neuro
Boeing Co. (NYSE:BA) anticipates a slower ramp-up in the production and delivery of its 787 widebody jets due to supplier shortages, as communicated by Scott Stocker, the 787 vice president and general manager, to employees. Despite these challenges, Boeing aims to gradually increase production to meet strong demand. The FAA is closely monitoring the situation to ensure compliance and safety. This news comes ahead of Boeing's Q1 earnings announcement and amidst scrutiny over manufacturing practices and safety concerns raised by whistleblower complaints.
April 23, 2024 | 5:46 am
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Boeing Co. faces a slower production ramp-up for its 787 jets due to supplier shortages, amidst FAA scrutiny and safety concerns.
The slower production ramp-up for Boeing's 787 jets due to supplier shortages could negatively impact short-term stock performance, especially as this news comes ahead of its Q1 earnings announcement. The FAA's close monitoring and recent safety concerns raised by whistleblower complaints add to the challenges Boeing faces, potentially affecting investor confidence and stock price.
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