Boeing
stock dropped on Thursday amid worries over a quality issue linked to supplier
Spirit AeroSystems
that impacts some 737 models. While it’s not an immediate safety problem, aircraft deliveries from the manufacturer are at risk.
Boeing
(ticker: BA) said in a statement that it identified fastener holes that didn’t conform to its specifications in the aft pressure bulkhead on certain 737 airplanes. The airplane maker said it was not an immediate flight safety issue and that 737s can continue to operate safely. But delivery targets look vulnerable.
“This issue will impact near-term 737 deliveries as we conduct inspections to determine the number of airplanes affected, and complete required rework on those airplanes,”
Boeing
said. “We continue to deliver 737s that are not affected.”
Shares in Boeing (ticker: BA) retreated 2% in premarket trading with
Spirit
Aerosystems (SPR) stock down 6%, though the supplier—which acknowledged the problem in a statement—described a more upbeat outlook for their own deliveries to Boeing. “Based upon what we know now, we believe there will not be a material impact to our delivery range for the year related to this issue,” Spirit said in a statement.
Write to Jack Denton at [email protected]
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