- The Transportation Department's Office of Inspector General (OIG) will audit the Federal Aviation Administration's oversight of including MCAS in Boeing Co's BA 737 MAX.
- MCAS is a key airplane software feature in the 737 MAX design that was cited as a contributing factor in two fatal MAX crashes in Indonesia and Ethiopia, killing 346 people.
- The watchdog will also review FAA oversight of the inoperability of Angle of Attack (AOA) disagree alerts on most of the MAX fleet in 2019.
- Boeing, in 2017 identified that not all 737 MAX 8 aircraft were equipped with AOA disagreement alerts but did not directly notify the FAA of the issue.
- It will be the fourth review of the MAX by the OIG. Reuters reported that in April 2021, the agency opened a review of the FAA's oversight of the Boeing 737 MAX returns to service in late 2020.
- Peter DeFazio's committee in 2020 issued a report on the MAX crashes, saying Boeing withheld "crucial information from the FAA, its customers, and 737 MAX pilots," including "concealing the very existence of MCAS from 737 MAX pilots."
- Boeing is seeking a waiver of a December deadline imposing a new safety standard for modern cockpit alerts for the MAX 7 and MAX 10. Only Congress can extend the certification deadline if the FAA does not certify the two MAX variants before the end of the year.
- Price Action: BA shares are up 0.14% at $178 during the premarket session on the last check Friday.
- Photo via Wikimedia Commons
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.