WASHINGTON—Momentum from the Paris Air Show is fading and Wall Street analysts are quickly taking a sobering financial view of the Boeing 737 MAX issue now that an extended grounding of the aircraft and halt in deliveries could drag into the fourth quarter, at least. “News that Boeing is having to do additional work on the maneuvering characteristics augmentation system (MCAS) software system, while the FAA is looking increasingly likely to move with other regulators (versus ...

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