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HomeBreaking NewsBoeing stock gains altitude on deadline extension for 737 MAX planes

Boeing stock gains altitude on deadline extension for 737 MAX planes

'Quick read' news summary

Boeing Co. BA, +1.48% shares rose 1.4% on Tuesday after the 4,155 page omnibus spending package includes an extension for the aircraft maker’s Dec. 27 deadline for 737 MAX 7 and 10 certification. The measure in the omnibus bill will require some safety improvements, but short of what current law would demand on all 737 MAX jets to be manufactured under certification rules by safety officials. Boeing has said it would be forced to scrap the MAX 7 and the MAX 10 if it had to meet a deadline of Dec. 27 to get approval for new cockpit-alerting systems for pilots.

Boeing Co. BA, +1.48% shares rose 1.4% on Tuesday after the 4,155 page omnibus spending package includes an extension for the aircraft maker's Dec. 27 deadline for 737 MAX 7 and 10 certification. The measure in the omnibus bill will require some safety improvements, but short of what current law would demand on all 737 MAX jets to be manufactured under certification rules by safety officials. Boeing has said it would be forced to scrap the MAX 7 and the MAX 10 if it had to meet a deadline of Dec. 27 to get approval for new cockpit-alerting systems for pilots.

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