Boeing & Spirit AeroSystems Accelerate Inspection Of 737 Max Aircraft Defect: Report

Boeing Company BA and Spirit AeroSystems Holdings Inc SPR reportedly jointly expanded the scope of their ongoing inspections of 737 Max 8 aircraft-related production defects.

Earlier this week, Boeing notified the Federal Aviation Administration (FAA) of its initial findings and customers seeing delivery delays of 737 Max 8s, according to The Air Current.

An FAA spokesman confirmed that "aware of the issue and are working it through our regular oversight process. There is no immediate safety concern," as per the report.

In August, Boeing warned that near-term deliveries of its 737 MAX jets could be delayed due to a quality issue with supplier Spirit AeroSystems.

Spirit Aerosystems said the issue involves elongated fastener holes on the aft pressure bulkhead on certain models of the 737 fuselage that it produces.  

In April, Boeing brought to light that Spirit had made errors in attaching brackets connecting the aft fuselage to the aircraft's vertical tail.

This month, Boeing reportedly disclosed gearing up to elevate the production of its renowned 737 narrowbody aircraft to unprecedented levels by mid-2025, reflecting the surge in orders and the firm's rebound post the 737 Max crisis. 

Earlier this week, Boeing said it delivered 105 commercial airplanes in Q3, bringing total deliveries since the start of the year up to 371. 70 of the 105 airplane deliveries were Boeing 737s. 

Price Action: BA shares are trading lower by 2.8% at $185.90 premarket on the last check Friday.