EADSY - Why Aerospace Giant Boeing Shares Are Falling Today | Benzinga
Boeing Company (NYSE: BA) shares are trading lower following news that the production timeline for its flagship 737 narrowbody aircraft is expected to extend by two months beyond the initial schedule.
Boeing is now aiming to ramp up to a rate of 42 of 737s per month by February 2024, according to a news report by Reuters, citing certain anonymous sources.
This update was shared with Boeing's suppliers last week as part of a new master production schedule, the report added.
Boeing and its main competitor, European aerospace company Airbus ...