Bullish
FAA clears Boeing 737 MAX software issue, paving way for MAX 10 certification
The Federal Aviation Administration (FAA) has determined that a software glitch in certain Boeing 737 MAX flight computers does not pose a safety risk, facilitating the path toward the certification of the 737 MAX 10 model. This development is expected to positively impact Boeing's stock performance.
Key points
- FAA confirms 737 MAX software issue is not a safety concern, aiding MAX 10 certification.
- Jefferies maintains 'Buy' rating with $265 price target, anticipating MAX 10 certification by year-end.
- Boeing's stock trading at €172.25 after-hours, up 0.32% from prior close.
Sources
AI-generated from public news sources. Not financial advice.
