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Why one Jefferies defense analyst rates Boeing a buy despite 737 Max 8 groundings

Boeing has suspended deliveries of the 737 Max 8 after the planes were grounded by the FAA and several other countries and airlines. The jets will be grounded for weeks, if not longer, until a software upgrade can be tested and installed. Sheila Kahyaoglu, aerospace and defense analyst at Jefferies, sits down with "Squawk Box" to discuss what she expects from Boeing going forward.