Boeing Shares Battered After 2016 Text Messages Reveal Company Misled FAA About 737 MAX

Boeing shares are under pressure following a Reuters report that internal instant messages from 2016 – that have only recently been shared with the FAA – suggested employees misled the FAA about a key safety system on the 737 Max.

The FAA Administrator is demanding an explanation from Boeing regarding the delay in the recently disclosed 737 MAX ‘smoking gun’ documents.

The stock is down 3% and falling…

And Boeing’s demise is weighing on The Dow…

The FAA says it will release further details later today.

Developing…