Boeing slides on certification delay disclosures despite record Korean Air order
-3.69% to $201.96 from $209.69
What moved BA
- Boeing and Korean Air finalized a record order for 103 aircraft worth $36.2 billion at list prices, including 777-9s, 787-10 Dreamliners, 737-10s and 777-8 freighters.
- Shares came under pressure after company disclosures pointed to certification delays and production instability, with 777X certification now expected to slip into 2027.
- Guggenheim Securities initiated coverage across 22 aerospace and defense companies, striking a cautious tone on commercial-aviation aftermarket suppliers amid weaker passenger demand and higher fuel costs.
Sources: Seoul Economic Daily · Investing.com