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Breaking: Boeing Halts 737 Max Jet Production - Report

Published 12/16/2019, 04:55 PM
Updated 12/16/2019, 04:57 PM
© Reuters.
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Investing.com – Boeing (NYSE:BA) will halt production of its currently grounded 737 Max jetliner for January, the Wall Street Journal reported Monday, citing a person briefed on the matter.

  • The aerospace giant had continued to assemble about 40 of the jets per month while waiting for regulatory approval for the jets to fly again. It now has a backlog of about 400 planes.

  • The jets were grounded after two fatal crashed in five months. Approval is not expected until February, the Journal reported.

  • Shares of Boeing (NYSE:BA) fell 1% in after-hours trading. The stock was off more then 4% during the regular session on anticipation of this move, weighing on the Dow Jones Industrial Average.

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