Breaking: Boeing May Cut 787 Dreamliner Production Further – Report
By Kim Khan
Beleaguered aerospace giant Boeing (NYSE:BA) fell in midday trading Friday following a report that it is considering cutting production on its flagship 787 Dreamline airliner aircraft more than already thought following its trouble with the 727 Max jet.
Boeing (NYSE:BA) announced before that it would cut output of the 787 to 12 a month from 14 a month, but could cut that figure down to 11 or 10, CNBC reported.
Shares of Boeing (NYSE:BA) fell 0.3% in midday trading.
The company recently said that its 737 Max could be grounded by the middle of the year as regulatory approval is still awaited after two fatal crashes last year.