Boeing Shares Fall Following Delivery Halt

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Photo by John McArthur on Unsplash

Boeing Co shares fell by 3.2% during premarket trading on Friday after the company suspended deliveries of its 787 Dreamliner jets. This comes after the aviation giant discovered a documentation issue while reviewing certification records.

The company stated on Thursday that it “discovered an analysis error by our supplier related to the 787 forward pressure bulkhead.” The bulkhead acts as a barrier between the pressurized interior cabin and the radome (or nose cone).

While Boeing pins the error on component supplier Spirit AeroSystems, the supplier refused to take immediate blame for the mishap, commenting that it is still too early to confirm whether it made an “analysis error’ on its part.

Some analysts believe that this latest setback should not necessarily result in the need to redesign any jets and that those that are already in operation will be able to continue to fly.

According to Boeing, the current bulkhead issue is not related to a previous quality problem concerning gaps around the forward pressure bulkhead. The previous issue, which was discovered in 2021, led to a delivery suspension until August 2022.