Boeing Once Again Suspends Deliveries Of 787 Dreamliners: What You Need To Know

·2 min read

Boeing Co (NYSE: BA) suspended deliveries of its 787 Dreamliners following a new issue that was found in a component used near the front of the plane, the U.S. Federal Aviation Administration (FAA) said.

Boeing said that in reviewing certification records, it "discovered an analysis error by our supplier related to the 787 forward pressure bulkhead. We notified the FAA and have paused 787 deliveries while we complete the required analysis and documentation."

Deliveries of the long-haul plane have been held up in the past. The company stopped supplying 787s to customers in May 2021 to allow fixing several production flaws.

Deliveries resumed in August 2022 after the FAA found "Boeing has made the necessary changes."

Boeing said it discovered the latest error in the past week. The Wall Street Journal reported that Boeing has not handed over a plane from the production line since January 26.

The WSJ report added that Boeing confirmed the halt and said it didn't expect its full-year production and delivery guidance to be affected. Boeing has around 100 already-built 787s awaiting delivery.

In its Q4 earnings release, the company said the 787 program continues at a low production rate with plans to ramp production to five per month in late 2023 and 10 per month in the 2025/2026 timeframe.

In 2022, Boeing delivered 31 of its 787 Dreamliners, wide-body jets commonly used on long-haul international routes.

Spirit AeroSystems Holdings Inc (NYSE: SPR) supplies the forward pressure bulkhead for the 787 jets and said it was aware that Boeing stopped the deliveries.

"Based on the current information and our interactions with Boeing to date, we believe it is too early to assert there was an 'analysis error' by Spirit," Reuters reported citing the company.

"There is no immediate safety or flight concern for the in-service fleet," Boeing said. "While near-term deliveries will be impacted, at this time we do not anticipate a change to our production and delivery outlook for the year."

Price Action: BA shares are down 2.75% at $202.40 during the premarket session on the last check Friday.

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