Boeing Stock Rises on 737 MAX Production Announcement - That May Be Premature
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May 29, 2020 - by Al Root for barrons.com
Boeing announced Wednesday evening it will restart production of the troubled 737 MAX jet. The move is boosting Boeing's stock price, but, quite frankly, it probably shouldn't be. The move isn't a surprise, as Boeing hinted at it as recently as late April.
Still, a production restart is important for investors in another way. Boeing (ticker: BA) has to improve production efficiency to prepare for a rockier aviation future .
The 737 MAX, Boeing's newest model single-aisle plane, has been grounded worldwide since mid-March 2019 following two deadly crashes within two months.
Management has been working for months fixing software and other problem and...
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