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Boeing Stock Dips Despite FAA Approval and New Aircraft Development
Boeing Stock Dips Despite FAA Approval and New Aircraft Development
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BTCCSquare news:
Boeing's (NYSE: BA) shares slipped modestly in Tuesday afternoon trading, despite two ostensibly positive developments. The Federal Aviation Administration (FAA) granted the company a regulatory win, and work began on a new single-aisle aircraft destined to succeed the troubled 737 MAX. Investors remained unmoved.
The aerospace giant has approached Rolls-Royce Holdings (RYCEY) among others for new engine options, though the project remains in early stages. CEO Kelly Ortberg signaled upcoming capital reallocation as legal settlements clear the way for renewed focus on innovation and quality control improvements.
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