Former Boeing Inspector Says Scrap Parts Were Used In Planes For Over A Decade: Report
Portfolio Pulse from Benzinga Neuro
A former Boeing inspector revealed that unsuitable parts were used in the assembly of Boeing's 787 Dreamliner for over a decade to meet production deadlines. This adds to Boeing's ongoing safety issues and scrutiny, including a criminal investigation related to the 737 Max crashes. Despite these issues, Goldman Sachs maintains a buy rating on Boeing with a $243 price target.
July 05, 2024 | 2:59 pm
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A former Boeing inspector disclosed that unsuitable parts were used in the 787 Dreamliner assembly for over a decade, adding to Boeing's ongoing safety issues and scrutiny. Despite this, Goldman Sachs maintains a buy rating with a $243 price target.
The revelation of unsuitable parts being used in the 787 Dreamliner assembly adds to Boeing's ongoing safety issues and scrutiny, which could negatively impact investor sentiment in the short term. However, Goldman Sachs' buy rating and $243 price target may provide some support.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100