Lawmakers quiz Boeing, FAA about recent issues with planes

Tuesday, May 18, 2021 | The Associated Press


Boeing 737 Max airplanes, including one belonging to TUI Group, left, sit parked at a storage lot, Monday, April 26, 2021, near Boeing Field in Seattle. Lawmakers, on Tuesday, May 18, are asking Boeing and the Federal Aviation Administration for records detailing production problems with two of the company's most popular airliners. The lawmakers are focusing on the Boeing 737 Max and a larger plane, the 787, which Boeing calls the Dreamliner. (AP Photo/Ted S. Warren)

WASHINGTON (AP) — Two key members of Congress are seeking records from Boeing and the Federal Aviation Administration about production problems with two of the company’s most popular airliners.

The lawmakers are focusing on the Boeing 737 Max and a larger plane, the 787, which Boeing calls the Dreamliner.

House Transportation Committee Chairman Peter DeFazio, D-Ore., said Tuesday there are “new and ongoing issues (at Boeing) that point to problems in maintaining quality control and appropriate FAA oversight of production issues.”

DeFazio was joined in the records request by Rick Larsen, D-Wash., chairman of the committee's aviation subcommittee.

Chicago-based Boeing and the FAA said they were reviewing the request.

About 100 Max jets were idled last month because of improper electrical grounding that affected cockpit instruments. Last week the FAA approved a Boeing fix for the planes, which are built near Seattle.

All Max jets around the world were grounded for nearly two years after two crashes that killed 346 people. Boeing made changes to a flight-control system after the crashes, and the FAA cleared the plane to resume flying late last year.

DeFazio’s committee spent 18 months investigating Boeing and the FAA’s certification of the Max. The panel concluded in a blistering report last year that the Max suffered from design flaws that Boeing failed to fix, and that the FAA did a poor job monitoring the company.

More recently, Boeing halted deliveries of 787s for five months after discovering a flaw that left tiny gaps between sections of the planes' carbon-fiber fuselage near the tail. Boeing is consolidating production of the 787 in South Carolina. Deliveries resumed in March.

Featured Article: Special Purpose Acquisition Company (SPAC) - What You Need to Know


7 Forever Stocks That Are Never Bad to Buy

Investors thought 2021 would be a less volatile year. That narrative has run into some problems. Sure, all the major indexes are up for the year. And that’s despite the NASDAQ’s gut-wrenching 10% drop in March.

But many investors don’t feel much like celebrating. In fact, many are concerned about the liquidity that continues to be pumped into the stock market. In 2020, the pandemic flooded the economy with $6 trillion dollars of stimulus.

However, in the last few months, the Federal Reserve has introduced another $6 trillion into the economy. We would have stopped counting, but the math is pretty easy. It’s $12.3 trillion that has flooded into the economy.

Eventually, this is going to end badly. But timing the market is an imperfect science particularly when many investors are enjoying the game.

Fortunately, there’s a way to safeguard your portfolio without abandoning equities. That has to do with investing in forever stocks. Forever stocks aren’t magic beans. They don’t go up forever. But they are stocks that have stood the test of time. And investing in these stocks will keep your portfolio heading in the right direction.

With that in mind, we’ve put together this special presentation that showcases seven of these forever stocks. These are all stocks that are household names, but that’s kind of the point. You don’t need special knowledge. You just have to recognize that these are companies that consistently do right by their shareholders.

View the "7 Forever Stocks That Are Never Bad to Buy".


Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
The Boeing (BA)1.3$237.35flatN/A-11.54Hold$255.41
Compare These Stocks  Add These Stocks to My Watchlist 

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.