FAA Freezes Boeing MAX Ramp

The FAA’s freeze on Boeing’s planned 737 MAX production increase provides the company with the stark choice of further amassing inventory or reversing its pledge to suppliers to prep for higher output. Boeing had edged monthly output towards 31, with a view to stepping up to 38 and then 42 and beyond. Boeing shares down 4.1% in aftermarket trade, with suppliers trending lower. Spirit AeroSystems off more than 6%.

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