Why Shares of Boeing Are Down Today
Shares of Boeing (NYSE: BA) lost 5% on Tuesday morning after the U.S. Federal Aviation Administration (FAA) said it was looking into manufacturing flaws in some 787 Dreamliners. The investigation is preliminary, and Boeing believes the issues are limited to a small number of airplanes, but the company can ill afford a fresh round of headlines questioning its manufacturing prowess right now.
In late August, Boeing identified two distinct manufacturing issues in recently built Dreamliners that led to a small number of planes being grounded. The issues could make the planes unable to withstand the maximum stress that an aircraft can experience in flight.
Image source: Boeing.
Source Fool.com
