FAA Delays 737 MAX 10 Approval Over Software Glitch, Boeing Shares Extend Losses
The regulator's decision pushes back certification of Boeing's largest MAX variant just as CEO Kelly Ortberg nears the two-year mark in his turnaround effort.
The FAA has delayed certification of the 737 MAX 10 because of a software glitch, extending a losing streak in Boeing shares.
Boeing shares slide as MAX 10 delay adds pressure
Boeing stock has been on a losing streak that extended further after the FAA's certification delay, illustrating the market's reaction to the setback in Ortberg's turnaround plan.
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<figure><a href="https://www.indy.finance/news/faa-delays-737-max-10-approval-over-software-glitch-boeing-shares-extend-losses"><img src="https://www.indy.finance/news/faa-delays-737-max-10-approval-over-software-glitch-boeing-shares-extend-losses/graphic.svg" alt="Boeing shares slide as MAX 10 delay adds pressure" width="1200" height="675"></a><figcaption>Boeing shares slide as MAX 10 delay adds pressure — <a href="https://www.indy.finance/news/faa-delays-737-max-10-approval-over-software-glitch-boeing-shares-extend-losses">Indy Finance</a></figcaption></figure>This framing would be wrong if the FAA grants MAX 10 certification within the next few weeks without requiring additional testing beyond the software fix.
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