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Boeing Sinks After Cutting Production Of The 737 Max

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Boeing Sinks After Cutting Production Of The 737 Max

Boeing Sinks After Cutting Production Of The 737 Max

Boeing's stock dropped nearly 4% in early trading Monday, according to Business Insider.

This, after the company put out a statement admitting to fault in the two crashes of the 737 Max aircraft and said it was slowing production of the aircraft.

"We now know that the recent Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents were caused by a chain of events, with a common chain link being erroneous activation of the aircraft's MCAS function," the company's statement said.

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Boeing Sinks After Cutting Production Of The 737 Max

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