SPR - Boeing And Airbus Under FAA Investigation For Authenticity Of Titanium Parts In Some Jets: Report | Benzinga
Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSY) shares are trading lower on Friday.
The U.S. Federal Aviation Administration (FAA) is currently investigating the possible use of false documentation to verify titanium components in some of Boeing’s and Airbus’s aircraft, discoveries that could affect the integrity of critical aerospace materials.
The inquiry extends to both major aircraft manufacturers and focuses on the authenticity of titanium, a vital metal used throughout the aerospace industry, Reuters reports.
The issue was discovered by a vendor, who discovered corrosion holes in titanium parts, prompting the FAA to investigate immediately.
Boeing has voluntarily disclosed the procurement of potentially compromised material sourced from a distributor suspected of falsifying or providing incorrect records.
In response to these findings, Boeing has issued a bulletin to ...