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Boeing shares fall after new Dreamliner delivery halt

FX Guys by FX Guys
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Boeing, after reviewing certification records, on Thursday said it “discovered an analysis error by our supplier related to the 787 forward pressure bulkhead,” leading to a pause in deliveries months after they were allowed to resume in August.

Boeing shares closed down 4.79% to $198.15.

The latest hiccup in 787 deliveries should not result in any design changes and jets in service would be expected to continue to fly, analysts said.

Boeing had expected to deliver 787s this month prior to the issue being found, a person familiar with the matter said. Those deliveries will now be delayed until Boeing obtains approval from the Federal Aviation Administration.

“An unwelcome blast from the past, but hopefully a brief one,” J.P. Morgan analyst Seth Seifman said in a note, adding that deliveries of 787 jets are the main drivers of $1.7 billion of year-on-year cash flow growth that Boeing projects.

The planemaker said the error was found while…
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