Why Boeing Shares Are Down Today
Shares of Boeing (NYSE: BA) fell 7% on Thursday morning after a key supplier to the aerospace giant said it was pausing work on components for Boeing's 737 Max, raising fresh questions about production plans for the plane.
Boeing and commercial aerospace suppliers have been under pressure due to COVID-19, which has caused airlines to retrench and has raised doubts about future aircraft sales. But Boeing was struggling even before the pandemic, with the 737 Max grounded in March 2019 after a pair of fatal crashes.
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Source Fool.com