Boeing shares drop; Jefferies flags possible delivery hit from software glitch
BA•Boeing reportedly identified a 737 MAX software glitch that could cause an automated navigation feature to fail during landing. Jefferies analysts said it could delay MAX 10 certification and hinder MAX 7 deliveries if the FAA deems it a safety issue.
1. Potential delivery impact
Boeing shares fell 5% in early trading after the previously undisclosed software glitch was reported. The FAA said it would convene a Corrective Action Review Board; Jefferies analysts said the glitch could potentially delay MAX 10 certification and hinder MAX 7 deliveries if the FAA deems it a safety issue.
