(Bloomberg) — Boeing Co. shares fell after it said a wiring flaw found on its 737 Max will delay some deliveries of the cash-cow narrowbody jet.
The US planemaker said its overall delivery target of roughly 500 of the 737 jets for the year remains unchanged despite the quality lapse, disclosed on Tuesday as the company reported monthly orders and deliveries.
Production of new 737 MAX airplanes continues at the existing rate, Boeing said. The planemaker didn’t disclose how many aircraft were affected by the lapse. The company said it expects fixes to the scratches in the wiring of some undelivered planes will be completed in a matter of days.