Boeing shares drop; Jefferies flags possible delivery hit from reportedly identified software glitch
BA•Boeing shares fell 2.6% premarket after a previously undisclosed 737 MAX software glitch was reportedly identified. Jefferies said it could delay MAX 10 certification and hinder MAX 7 deliveries if the FAA deems it a safety issue.
1. Potential delivery impact
Jefferies analysts said the glitch, which could cause an automated navigation feature to fail during landing, could potentially delay certification for the MAX 10 and hinder MAX 7 deliveries if the FAA deems it a safety issue. The FAA said it would convene a Corrective Action Review Board.
