Boeing Stock Drops 3.28% Amid Starliner Issues, 737 MAX Review

Generated by AI AgentAinvest Movers Radar
Thursday, Apr 3, 2025 6:16 am ET1min read
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On April 3, 2025, The BoeingBA-- Company's stock experienced a 3.28% drop in pre-market trading.

NASA and Boeing are collaborating to address issues with the Starliner spacecraft, which has been grounded due to technical problems. The Starliner, which successfully launched in June 2024, encountered issues with its propulsion system, valves, and helium system, leading to its early return to Earth in September. NASA and Boeing are currently analyzing flight data and planning tests to resolve these issues before the next manned flight, which is scheduled for later this year or early 2026.

Boeing's CEO, Kelly Ortberg, recently announced that the company is in discussions with the U.S. Department of Justice to modify a previous plea agreement related to the 737 MAX aircraft. The agreement, reached in 2021 following two fatal crashes in 2018 and 2019, is under review after a door detachment incident in January 2024. The court has set a deadline of June 23, 2025, for the parties to reach a new agreement, or the case will proceed to trial.

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