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Boeing Stock Drops 3.63% Amid Legal, Technical Challenges
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 3, 2025 7:25 am ET1min read
On April 3, 2025, The Boeing's stock price dropped by 3.63% in pre-market trading.
Boeing's CEO, Kelly Ortberg, has revealed that the company is in discussions with the U.S. Department of Justice to modify a previous plea agreement related to the 737 MAX aircraft. This agreement, reached in 2021 following two fatal crashes in 2018 and 2019, is under scrutiny after a cabin door detachment incident in January 2024. The court has yet to approve a revised agreement, and a trial is scheduled for June 23 if no resolution is reached.
Additionally,
is collaborating with NASA to address technical issues with the Starliner spacecraft, which has been grounded since September 2024 due to problems with its propulsion system, valves, and helium system. NASA and Boeing are conducting tests to resolve these issues before planning the next crewed flight, which could occur later this year or in early 2026.
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