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Boeing Declines as 737 MAX Fallout Weighs on May Deliveries

Tony Owusu

shares are being grounded Tuesday, falling 1.5% to $348.41, after the company reported a 56% drop in May deliveries due in part to a decline in its formerly top-selling 737 MAX jets. Boeing delivered 30 planes during the month, down from the 58 planes it delivered a year ago during the same period. The plane has been blacklisted since a fatal Ethiopian Airlines crash in March, the second crash the plane experienced in a six-month period.