Boeing Co. is pausing deliveries of some 737 Max jets to address a production issue on the rear end of some aircraft, dealing a setback to the US manufacturer just as it ramps up production of the model that’s a major cash cow for the company.
The shares fell as much 5% in premarket trading after Boeing said late yesterday that it expects deliveries to decline in the near-term as it inspects affected aircraft. Spirit AeroSystems Holdings Inc., which supplies the faulty part, fell more than 11%
Boeing was just regaining its footing following years of turmoil caused by the pandemic and a global grounding of the single-aisle Max.
