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U.S. government agency regulating civil aviation
The Federal Aviation Administration (FAA) is a U.S. federal government agency within the U.S. Department of Transportation that regulates civil aviation in the United States and surrounding international waters. Its powers include air traffic control, certification of personnel and aircraft, setting standards for airports, and protection of U.S. assets during the launch or re-entry of commercial space vehicles. Powers over neighboring international waters were delegated to the FAA by authority of the International Civil Aviation Organization.
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American aerospace and defense corporation
The Boeing Company is an American multinational corporation that designs and manufactures airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded in 1916 by William E. Boeing in Seattle, Washington.
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Boeing Co. (BA) stock ticked higher overnight after U.S. regulators said a 737 MAX software glitch does not pose a flight safety risk. Jefferies maintained its ‘Buy’ rating, saying the FAA decision could clear the way for MAX 10 certification by year-end.Boeing stock edged up 0.3% overnight Sunday…
The Federal Aviation Administration (FAA) is delaying certification of the 737 Max 10 variant because of a newly flagged software issue, just as Boeing appeared close to winning approval to start delivering the jet, Bloomberg reported.
With multiple carriers queued for large shipments the MAX 10 becomes a focal point for fleet strategy and route growth.