NEW YORK (Reuters Breakingviews) - Boeing is halting production of its troubled ...
An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. REUTERS/Lindsey Wasson
Despite the financial toll of the crisis, Boeing’s market valuation has only fallen 25% to some $185 billion. That means the stock is almost triple where it was when Chief Executive Dennis Muilenburg announced in 2016 that he was aiming to double Boeing’s operating margins to around 15%. The company nearly hit that level in the final quarter of 2018. Automation, supply-chain efficiencies, better forecasting, and standardization have all played a part.
But the Federal Aviation Administration, stung by evidence it deferred too easily and often to Boeing’s judgments, is trying to redeem itself. That has resulted in a delayed return to flight – and continued production costs and ballooning inventory.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing may curb the production of 737 Max airplanes, source saysBoeing is considering curbing production of the troubled 737 Max. The company could either suspend production or further reduce the production level, a source said.
Read more »
Boeing considers cutting production of 737 Max, report saysBoeing may cut production of the grounded 737 Max jet or temporarily stop making it after being told that its timetable for a return to the skies was not realistic, according to a published report Sunday.
Read more »
WSJ News Exclusive | Boeing Weighs Cutting or Halting 737 MAX ProductionBoeing is considering either halting or further cutting production of the 737 MAX amid growing uncertainty over the troubled airplane’s return to service and could disclose a decision as soon as Monday.
Read more »
Boeing reportedly nears decision on cutting or halting 737 Max production
Read more »
The 737 Max is in deeper trouble than Boeing thought, and its stock is sinkingBoeing's stock has fallen roughly 3 percent in premarket trading following a report that the company was considering curbing production of the troubled 737 Max
Read more »
Boeing considers halting production of 737 Max over grounding: report - Business InsiderThe decision could be announced by Boeing as soon as Monday, according to The Wall Street Journal, which cited sources familiar with the matter.
Read more »