Boeing (NYSE:BA)
The share price of Boeing (NYSE:BA) dropped on Tuesday after the aircraft manufacturer said that it would postpone delivery of the 787 Dreamliner airplane due to the discovery of faulty components during manufacturing. During normal trading, Boeing’s stock price fell 2.1% to $204.37 around 2:12 p.m. ET.
Boeing said on Tuesday that the defect could impact around 90 of the airplanes that have not yet been delivered. Boeing (BA) will inspect each airplane to determine whether or not the gap fillers within the horizontal stabilizer on the tail fin have incorrect sizing.
In addition, some 787s that are now on the final assembly line at Boeing’s facility in North Charleston, South Carolina, will need to have their gap fillers inspected because of the problem.
The most recent production hiccup occurs at a time when Boeing (BA) and its European competitor Airbus (OTCPK:EADSY) (OTCPK:EADSF) are working hard to keep up with the growing demand for new aircraft. Since the pandemic restrictions have been lifted, airlines have reported increased passengers flying with them.
Boeing stock has confirmed that it has no plans to halt manufacturing of Dreamliners. The next batch of horizontal stabilizers that come out of the company’s Salt Lake City facility will include shims compliant with the technical criteria.
The business is sticking to its original goal of producing four Dreamliners each month by the year’s end, and it still intends to deliver between seventy and eighty of the aircraft this year.
Whether or not the 787 fleets now in operation will need maintenance is being investigated by Boeing (BA) and aviation authorities. The defective stabilizer components were found only the week before last. Still, the authorities do not believe they pose an urgent risk to public safety. According to the notification, airlines with Dreamliners in operation do not need any urgent repairs to their fleet.
According to a report by Reuters, the Federal Aviation Administration said on Friday that Boeing (NYSE:BA) can start deliveries of its widebody 787 Dreamliner beginning the next week.
Due to a mistake in data analysis about the plane’s front pressure bulkhead, 787 deliveries were temporarily halted earlier this year. After going back and looking through their certification documents, Boeing found the problem.
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