Boeing falls to nearly 5 months after revealing defective aircraft parts



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One of the two sensors that measure the angle of attack is shown down on a Boeing 737 MAX 8 on the outside of the company's factory on March 22, 2019 at Renton, in the state of Washington.

Stephen Brashear | Getty Images

Boeing's shares slid to a five-month low on Monday after the Federal Aviation Administration announced that the wings of more than 300 Boeing 737s could contain defective parts.

The FAA announced on Sunday that it would order airlines to replace the parts in question, a process Boeing's estimate would take a day or two. Boeing has currently immobilized 737 Max aircraft and some of the older 737 NG models are concerned.

Boeing shares fell more than 2% to hit an intraday low of $ 330.67 on Monday morning, its lowest level since January 7th. The title was the biggest loser of the Dow Jones Industrial Average, removing more than 40 index points.

This is the latest to have touched Boeing's single-aisle aircraft. Aeronautical authorities around the world have grounded the latest model, the Boeing 737 Max, after the second of two deadly fatal collisions in less than five months.

Defective parts involve slats, parts at the front of the wing that move along a track to create lift, the FAA said. They are important during takeoff and landing. The FAA has indicated that these tracks could have been "improperly manufactured" by a Boeing supplier, adding that a total failure of this part "would not cause the loss of the aircraft" but that it would have been "improperly fabricated" by a Boeing supplier. it could damage it.

Worldwide, 133 NG and 179 Max aircraft are involved, and of these, 32 NG and 33 Max are in the US, said the FAA.

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