Chaos Continues at Boeing
Last November, the FAA finally lifted the grounding order for Boeing's (NYSE: BA) 737 MAX after 20 months. That allowed the aerospace giant to resume deliveries of its top-selling model before year-end.
Long-suffering Boeing shareholders hoped that this milestone marked the end of an unfortunate but isolated episode. Unfortunately, new problems have continued to crop up across the enterprise in 2021, further eroding management's credibility. Until Boeing improves its execution, investors should probably continue to steer clear of the company.
While 737 MAX deliveries have now resumed, Boeing's wide-body aircraft families have emerged as new weak spots in its product lineup. Production of the 747 jumbo jet will end next year. Boeing has slashed output of its next-largest model -- the 777 -- to just two per month. Most of those are freighters, as demand for the passenger variants has virtually disappeared.
Source Fool.com
