Boeing keeps setting new highs! When will it split? Message Board

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Technology Stocks : Boeing keeps setting new highs! When will it split?

BA 201.02

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Oct 31 9:30 AM EST

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From: roto	8/24/2023 11:04:47 AM
	of 3763

nothing ever changes with the shit quality out of Wichita. Boeing Stock Stalls, Spirit AeroSystems Pokes More Holes In 737 Delivery Schedule HARRISON MILLER09:49 AM ET 08/24/2023 Dow Jones aviation and defense giant Boeing ( BA) discovered a defect to delay deliveries of its 737 Max jet, Bloomberg reported late Wednesday. Boeing stock slid 3% early Thursday. Supplier Spirit AeroSystems ( SPR), once again the apparent source of the problem, retreated more than 12%. The company discovered that Spirit improperly drilled holes in 737 Max fuselage components that help maintain cabin pressure. Inspections uncovered hundreds of misaligned and duplicate holes, according to reports. Still, the Federal Aviation Administration says the issue isn't a safety threat. Boeing said it is working to determine the impact, if any, on 737 deliveries. It is just the most recent Spirit-related issue for Boeing, which saw production slowdowns in late June as Spirit's mechanist union went on strike. Boeing has produced about 38 737 Max aircraft per month this year, with a target of delivering 400-450 jets in 2023. The company plans to ramp up production to 50 737s per month in the 2025-2026 time frame, according to its Q2 earnings report from late July. Spirit AeroSystems produces about 70% of Boeing's narrow-body jet frames. The company also makes pylons for Airbus. Pylons connect jet engines to the airframe of the aircraft. Other major Spirit customers include Northrop Grumman ( NOC), Lockheed Martin ( LMT), Textron's ( TXT) Bell Helicopter and Bombardier. BA shares slumped 3.3%, leading the Thursday's early declines among Dow industrials. Boeing stock is trading near the buy zone for a flat base after pushing above the 223.91 buy point on July 26. Shares are below their 21-day exponential moving average and their 10-day line. Boeing stock has rallied 20% in 2023 through Wednesday's close as the travel industry rebounded and jet demand rose. SPR stock carved 12.3% lower Thursday morning following the report. Spirit stock tumbled 22.4% so far this year through Wednesday's close. Shares are hovering near their 2023 low of 21.47 from last week. investors.com

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