Boeing stock loses: FAA slams software problems with Boeing 777X — not ready for approval | 06/28/21

Boeing likely won’t be able to deliver the first prototypes of the 777X long-haul aircraft until 2024 at the earliest.

According to a report in the Seattle Times, the US Federal Aviation Administration (FAA) has repeatedly warned the company that the aircraft was not ready for certification. That may not be the case until the end of 2023, according to a May 13 letter the Federal Aviation Administration sent to Boeing.

In the letter, the FAA complained of various problems. For example, flight control software abruptly pushed the plane during a test flight in December 2020 without any intervention from the pilots. More test flights are likely to be required, according to the authority.

In a statement Sunday, the FAA said it would not allow an aircraft if it did not meet safety and certification standards.

With the 777X, Boeing is about four years behind the original schedule.

In New York Stock Exchange trading, Boeing shares finally fell 3.39 percent to $239.96.

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