FMP
Jun 4, 2024 7:40 AM - Parth Sanghvi
Senator Tammy Duckworth (D-IL), a leader on aviation issues, is urging the Federal Aviation Administration (FAA) to ensure transparency and accountability in Boeing's efforts to improve its quality control processes.
Duckworth, who chairs a Senate subcommittee on aviation safety, highlighted the importance of Boeing demonstrating a strong commitment to safety and quality that goes beyond just a plan.
FAA Administrator Responds
FAA Administrator Mike Whitaker, who previously pressured Boeing to develop a comprehensive quality improvement plan, spoke with Senator Duckworth on Monday. He is scheduled to brief members of the House Transportation and Infrastructure Committee on Tuesday.
While not providing immediate comment, the FAA echoed the need for systemic change within Boeing's production processes.
Boeing's 737 MAX Production on Hold
Following a door panel incident on a new 737 MAX 9 in January, the FAA barred Boeing from increasing production of its best-selling aircraft. Whitaker indicated approval for increased production is unlikely "in the next few months" and discussions haven't begun with Boeing on the matter.
Focus on Key Performance Indicators
Boeing's quality improvement plan outlines six critical areas for improvement, with a focus on employee proficiency, timeliness in addressing issues (including rework hours per airplane), and managing supplier shortages.
Looking Ahead
Senator Duckworth's concerns reflect ongoing scrutiny of Boeing's efforts to address past safety issues and ensure the long-term quality of its aircraft. The FAA plays a crucial role in holding Boeing accountable and ensuring the safety of the flying public.
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For investors interested in comparing Intel's valuation relative to its industry peers, the Financial Modeling Prep (FMP) Industry PE Ratio API (https://site.financialmodelingprep.com/developer/docs/industries-pe-ratio-api) provides a valuable resource. This API offers daily updated industry PE ratios, allowing you to assess whether the technology sector, where Intel operates, is currently overvalued or undervalued. By leveraging this API and similar valuation tools, investors can make more informed decisions about their technology holdings.
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