8-KOther Events

BOEING CO 8-K Report, Corporate Update (Jun 26, 2019)

Filed June 26, 2019For Securities:BABA-PA

Summary

Boeing Company (BA) filed an 8-K on June 26, 2019, disclosing a new requirement from the Federal Aviation Administration (FAA) regarding the 737 MAX aircraft. The FAA has requested that Boeing address a specific condition of flight not currently covered by the software changes the company has been developing over the past eight months. Boeing has acknowledged and agreed with this request and is actively working on the necessary software modifications to meet the FAA's specifications.

Key Highlights

  • 1The FAA has identified a specific condition of flight on the 737 MAX that is not addressed by Boeing's current software updates.
  • 2Boeing has agreed with the FAA's request and is developing the necessary software changes.
  • 3The company will not seek certification for the 737 MAX until all FAA requirements for its safe return to service are met.
  • 4This filing indicates a potential further delay in the 737 MAX's return to service as new software development is required.
  • 5Boeing is committed to satisfying all certification requirements before the aircraft can resume operations.

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