Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, March 8, 2024

Article Excerpt

BOEING CO., $198.49, New York symbol BA, is still a hold. In January 2024, a fuselage panel came loose on one of Boeing’s 737 Max-9 planes. That forced the aircraft, operated by Alaskan Airlines, to make an emergency landing. An investigation by the U.S. Federal Aviation Administration (FAA) determined that the problem was the result of quality control lapses at Boeing’s assembly operations. The FAA also identified quality problems at Boeing supplier Spirit AeroSystems Holdings Inc. (New York symbol SPR), which builds the fuselages for the Boeing 737 Max jets. The company continues to make roughly 38 Max aircraft per month. It had planned to increase output to 42 in February 2024, and then up to 47 in August. However, the FAA has ordered Boeing to suspend that plan until it implements new quality control measures. The company is now considering buying Spirit AeroSystems, which it spun off as a separate firm in 2005. Spirit has a market cap (the total value of all outstanding…