Why Shares of Boeing Were Down Today
Shares of Boeing (NYSE: BA) dropped 4.3% on Monday on reports that its board is nearing a decision to halt production of its troubled 737 MAX aircraft, a move that highlights the worst is far from over for this aerospace and defense titan.
Boeing's 737 MAX has been grounded since March as a pair of fatal accidents are investigated and modifications to the plane's control systems are tested and certified. The company originally had hoped to have the planes back in service before year's end, but it is increasingly looking like it will be late in the first quarter of 2020, at the earliest, before regulators sign off on the aircraft.
A Boeing 737 MAX on final assembly line. Image source: Boeing.
Source Fool.com
