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ARNC - Arconic (PITTSBURGH) News Story

$27.7 0.3  0.9%

Last Trade - 16/04/21

Sector
Basic Materials
Size
Mid Cap
Market Cap £2.20bn
Enterprise Value £2.57bn
Revenue £4.10bn
Position in Universe 1860th / 6850

BUZZ-Boeing suppliers gain as troubled 737 MAX gets closer to resume flight

Tue 10th November, 2020 4:32pm
** Shares of Boeing suppliers rise after a Reuters report
that the U.S. Federal Aviation Administration is set to lift its
grounding order on 737 MAX plane as early as Nov. 18
 urn:newsml:reuters.com:*:nL1N2HV3JK
    ** The ungrounding of the 737 MAX is seen as a crucial step
in the recovery of BA and its suppliers, which plunged into one
of their worst-ever crisis following two fatal crashes of the
jet
    ** The ungrounding of the jet would allow BA to start
deliveries of the 737 MAX and gradually increase its production,
helping the suppliers earn long-awaited revenues from the jet
    ** Spirit AeroSystems Inc  SPR.N , BA's top supplier, up
10%, extending gains for the fourth straight session
    ** Other big suppliers, General Electric Co  GE.N , Raytheon
Technologies  RTX.N , Honeywell International  HON.N  and Safran
SA  SAF.PA  gain between 1.5% and 5%
    ** Triumph Group  TGI.N , Astronics  ATRO.O , Allegheny
Technologies  ATI.N  and Ducommun  DCO.N  jump between 5% and
11%
    ** YTD, some of the suppliers have fallen more than 60%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))
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