Boeing CEO On 787 Rate Slowdown Says Supply Of Heat Exchangers And Seats Has Not Kept Pace
Portfolio Pulse from Benzinga Newsdesk
Boeing's CEO announced during a conference call that the production rate of the 787 model will slow down due to the insufficient supply of heat exchangers and seats. This supply chain issue is affecting the company's ability to maintain its production schedule.
April 24, 2024 | 3:15 pm
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NEGATIVE IMPACT
Boeing's production slowdown for the 787 model due to supply chain issues with heat exchangers and seats may impact investor confidence and stock performance in the short term.
The announcement directly impacts Boeing's operational efficiency and could lead to delays in deliveries, potentially affecting revenue and profitability in the short term. This news is likely to concern investors and could negatively impact Boeing's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
As a key supplier to Boeing, Spirit AeroSystems may experience indirect impacts from Boeing's 787 production slowdown, potentially affecting its order volume and financial performance.
Spirit AeroSystems, being a significant supplier for Boeing, could see a decrease in orders for components related to the 787 model. This situation may lead to financial strain or adjustments in production schedules for SPR, indirectly affecting its stock performance.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70