The FAA’s certification process is not fundamentally flawed and “was followed” during the Boeing 737 MAX certification, but shortcomings in key guidance, global perspective, safety assessments, and agency staffing should be addressed to improve the system, an independent committee’s report found.
Boeing on Jan. 6 provided more details on how the 737 MAX production pause will progress, while major program supplier Spirit AeroSystems said it will begin accepting “voluntary” layoffs.
Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.