Boeing Halts Deliveries Of Its 787 Dreamliner Aircraft On Safety Concerns - InvestingChannel

Boeing Halts Deliveries Of Its 787 Dreamliner Aircraft On Safety Concerns

Boeing Co. (NYSE:BA) has halted deliveries of its 787 Dreamliner aircraft, adding new delays for customers following a five-month delivery suspension due to production problems, according to multiple media reports.

Federal air-safety regulators have requested more information about the U.S. airplane manufacturer’s plans to address identified quality lapses. It is not clear how long the delivery delay might last.

Two U.S. lawmakers said last week that they were seeking records from Boeing and the Federal Aviation Administration (FAA) on production issues involving the 737 MAX and 787 Dreamliner airplanes.

The move came after multiple issues recently emerged regarding the 737 MAX and 787 Dreamliner, including electrical problems and the presence of foreign object debris in newly manufactured aircraft.

Shares of Boeing fell 1.1% in pre-market trading Friday (May 28) on news of the delivery delay. The company’s stock has risen 24% year-to-date to its current level of $250.70 per share.

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