RTX - FAA set to lift U.S. grounding of Boeing 737 MAX
It's the day Boeing (BA) has been waiting for after nearly two years of scrutiny, corporate upheaval and a standoff with global regulators.FAA Administrator Steve Dickson is expected to sign an order today lifting the flight ban on the 737 MAX - once Boeing's hottest-selling jet - as well as an airworthiness directive requiring new pilot training and software upgrades.A stall-prevention system called MCAS was faulted in the 737 MAX crashes in Indonesia and Ethiopia that killed 346 people in 2018/2019 and triggered a crisis that cost Boeing some $20B and tarnished its reputation.Resuming deliveries will open up a crucial pipeline of cash for Boeing and hundreds of parts suppliers whose finances were strained because of the ban. Those include: Spirit AeroSystems (SPR), Triumph Group (TGI), Hexcel Structures (HXL), Howmet Aerospace (HWM), Heico (HEI), TransDigm (TDG), Collins Aerospace (RTX), Ducommun AeroStructures (DCO) and BAE Systems Platform Solutions (BAESY).The role of
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FAA set to lift U.S. grounding of Boeing 737 MAX