PPA - Why Boeing's Shares Are Flying Lower On Tuesday | Benzinga
Boeing Co (NYSE:BA) shares are trading lower after the company announced its June FY24 deliveries across its commercial and defense operations.
The aircraft manufacturer announced on Tuesday that it delivered 44 commercial jets in June, the highest monthly total this year, though this represents a 27% decline from the same period last year.
The company plans to boost production by year-end, despite facing supply chain issues and increased regulatory scrutiny following a mid-air incident with a 737 MAX 9 jet in January, reported Reuters.
The decrease in deliveries comes amid ongoing legal and production challenges. Boeing delivered more commercial jets in June than in any other month this year, the report highlighted.
On Sunday, the U.S. Justice Department announced that Boeing agreed to plead guilty to a criminal fraud ...