financetom
Business
financetom
/
Business
/
FAA Opens New Investigation Into Boeing 787: Did Employees Falsify Aircraft Records?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
FAA Opens New Investigation Into Boeing 787: Did Employees Falsify Aircraft Records?
May 6, 2024 1:17 PM

Boeing Company ( BA ) shares are trading lower Monday after the Federal Aviation Administration (FAA) opened a new investigation related to the company's inspections of its 787 Dreamliner.

The Details:

According to a Wall Street Journal report, the FAA said Boeing ( BA ) notified the agency in April that it may not have completed required inspections related to the electrical safeguards of bonding and grounding where the wings join the fuselage on some aircraft.

The agency is also investigating whether Boeing ( BA ) employees falsified aircraft inspection records. 

According to a Seattle Times report, Scott Stocker, 787 vice president and general manager at Boeing's ( BA ) assembly plant in North Charleston, S.C., sent a message to all employees on April 29 that a Boeing ( BA ) employee had recognized the issue and spoke up about it internally. Boeing ( BA ) then notified the FAA. 

"The FAA is investigating whether Boeing ( BA ) completed the inspections and whether company employees may have falsified aircraft records," the FAA said.

BA Price Action: According to Benzinga Pro, Boeing ( BA ) shares are down 1.46% at $177.18 at the time of publication Monday.

Image: Shutterstock

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Options Corner: Profit From Cameco Volatility Without Picking A Side
Options Corner: Profit From Cameco Volatility Without Picking A Side
Dec 13, 2024
Uranium producer Cameco Corp ( CCJ ) has encountered volatility in recent sessions thanks to opposing fundamental forces tugging on its shares. On one hand, the stunning rise of cryptocurrencies implies greater energy consumption from blockchain mining. Cynically, this framework should be net positive for Cameco ( CCJ ) stock and the broader nuclear energy industry. On the other hand,...
Market Chatter: Post Looking to Acquire Lamb Weston
Market Chatter: Post Looking to Acquire Lamb Weston
Dec 13, 2024
03:45 PM EST, 12/13/2024 (MT Newswires) -- Post Holdings ( POST ) is looking to acquire Lamb Weston ( LW ) and has retained investment bankers to assist with striking a deal, Reuters reported Friday, citing two sources familiar with the matter. In October, activist investor Jana Partners disclosed a 5% equity stake in the frozen potatoes company and reportedly...
J&J accuses divisions of Cigna of helping drain its drug copay funds, WSJ reports
J&J accuses divisions of Cigna of helping drain its drug copay funds, WSJ reports
Dec 13, 2024
(Reuters) - Johnson & Johnson has sued divisions of Cigna, accusing the health insurer of working with a drug-benefit middleman to drain J&J's financial-assistance funds earmarked for patients taking some of its pricier drugs, The Wall Street Journal reported on Friday. ...
SoundHound AI Shares Are Surging Friday: What You Need To Know
SoundHound AI Shares Are Surging Friday: What You Need To Know
Dec 13, 2024
Shares of SoundHound AI, Inc. ( SOUN ) are trading higher Friday following a series of favorable announcements highlighting the company's advancements in conversational AI technology. Here’s what you need to know. What To Know: On Thursday, the company's Amelia Conversational AI Platform was recognized as a leader in Frost & Sullivan's 2024 Frost Radar: Enterprise Conversational AI in Healthcare....
Copyright 2023-2026 - www.financetom.com All Rights Reserved