US Lawmakers Decide Fate Of Boeing's 737 Max 7, Max 10 Regulatory Exemption - Boeing (NYSE:BA)

U.S. lawmakers refused to add an extension to an annual defense bill to exempt Boeing Co BA from a year-end regulatory change for 737 Max 7 and Max 10 versions of aircraft.
Boeing has been trying to convince lawmakers to waive the year-end deadline that affects its MAX 7 and MAX 10 airplanes deployment.
Congress adopted the requirements for modern cockpit alerts as part of certification reform passed after two fatal 737 MAX crashes that killed 346 people in Indonesia and Ethiopia.
Related: Boeing Forecasts Upto $5B Free Cash Flow In 2023, $10B By Mid Decade.
There is a slim chance the defense bill could be changed before final passage, and Boeing is still attempting to convince lawmakers. Reuters sources reported that the issue may slip into 2023.
After December 27, all planes must have modern cockpit alerting systems to be certified by the Federal Aviation Administration.
The update would be a significant setback for Boeing jeopardizing the MAX 7 and 10 future or hinting at significant delays for the new aircraft's deployment.
Boeing has won about 1,000 orders for the MAX 7 and MAX 10.
According to a report, approval for 737 Max 10 is not expected before next summer.
Price Action: BA shares traded 1.61% lower at $175.55 premarket on the last check Wednesday.