Congressional Committee Slams Boeing Over 737 MAX
Boeing's (NYSE: BA) "culture of concealment" and financial pressure to rush the 737 MAX to market helped contribute to the fatal flaws in the airliner's Maneuvering Characteristics Augmentation System, according to a new report out Friday from a House committee charged with investigating the plane's troubles and eventual grounding.
The House Committee on Transportation and Infrastructure's preliminary report on the Boeing 737 MAX found that the company's need to bring the plane to market to compete with Airbus' A320neo in a timely fashion and at a competitive price "jeopardized the safety of the flying public."
The investigation also found several instances where it says Boeing withheld "crucial information" from the Federal Aviation Administration, pilots, and airlines.
Source Fool.com
