The Boeing Company (BA) in Initial Stages of Developing 737 MAX Replacement: Report

The Boeing Company (NYSE:BA) is among the 11 Best Military Drone Stocks to Buy According to Hedge Funds. According to a recent report in the Wall Street Journal (WSJ), the planemaker is in the initial stages of building a new single-aisle aircraft, which would eventually become a replacement for the 737 MAX.

The 737 MAX entered service in 2017, before being grounded two years later after two fatal air crashes, which not only triggered lawsuits and criminal probes against The Boeing Company (NYSE:BA), but also badly hurt its financial position.

The grounding order was lifted by the Federal Aviation Administration (FAA) in 2020. On September 26, it was reported that the FAA would allow the aerospace company to issue airworthiness certificates for some 737 MAX and 787 airplanes after years of revoking the authority.

The WSJ also reported that The Boeing Company (NYSE:BA)’s CEO met with officials from Rolls-Royce earlier in the year to discuss a new engine for the aircraft, while adding that the company has also been designing a flight deck for a new narrow-body plane with development currently in the planning phase.

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