Boeing's 737 MAX Woes Escalate After New Revelations
More than seven months ago, Boeing's (NYSE: BA) fast-selling 737 MAX family was grounded worldwide after the second of two fatal crashes caused by the activation of the jet's poorly designed Maneuvering Characteristics Augmentation System (MCAS). It took only a month for Boeing to develop an initial software fix for the problem. Thus, as of this spring, Boeing and its customers expected the 737 MAX to return to service by late summer or the fall of 2019.
Unfortunately, Boeing has experienced a slew of setbacks as it has attempted to rebuild confidence in the 737 MAX's safety among regulators, airlines, politicians, and the general public. This has led to repeated delays in the expected timetable for recertifying the 737 MAX. In the past week, additional explosive revelations have come to light, which could trigger further delays -- and increased costs for Boeing.
As recently as late May, it looked like the 737 MAX would be able to fly again by August. However, in June, FAA test pilots discovered a new potential vulnerability related to slow data-processing speeds under certain conditions, forcing Boeing to develop another software update.
Source Fool.com
