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FAA to pledge more transparency from Boeing, other plane makers
$Boeing (BA.US)$The head of the Federal Aviation Administration will tell a U.S. House panel tomorrow the agency is taking a new stance in overseeing safety efforts of Boeing and other airplane manufacturers.
"Our approach to aircraft certification and safety oversight has changed," agency Administrator Steve Dickson reportedly will say in prepared testimony before a Transportation Committee subcommittee. "We are prioritizing oversight of manufacturers and working to focus that oversight on safety-critical areas. We are delegating fewer responsibilities and demanding more transparency from them."
Separately, Bernstein analyst Douglas Harned says he expects to see "challenging" Q3 results from Boeing, despite the potential for recovery in six months.
Maintaining an Outperform rating but trimming his price target to $269 from $279, Harned points to Boeing's two overriding issues: 787 deliveries remaining shut down and 737 MAX deliveries in Q3 in line with his model.
A new defect on Boeing's 787 Dreamliner recently came to light, involving specific titanium parts that are weaker than they should be.
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Stockaholic : Misleading and Falsification continue due to institutionalized practice from executive leadership and Sr. management at both major manufacturing corporations.
Without ramped up enforcement action, the landscape will not change.
Just apply the efforts equally, not just Boeing.
Adam J : Translation: "We are now closing the barn door."
Jason Velilla : ...