Boeing's Q4 2024 financial report

FAA Investigates Counterfeit Titanium in Boeing and Airbus Jets, NYT Reports, Boeing Stock Drops 1.2%

Jun 14, 2024, 01:50 PM

The U.S. Federal Aviation Administration (FAA) is investigating the use of counterfeit titanium in some recently manufactured Boeing and Airbus jets, as reported by the New York Times. The investigation was triggered by evidence from a supplier indicating that the titanium, purchased from a little-known Chinese company, was sold with falsified documents. The FAA is currently assessing the safety implications for the affected planes. The news has had an immediate impact on Boeing's stock, which dropped 1.2% following the announcement. Additionally, the investigation coincides with a recent 'Dutch roll' incident on a Boeing 737 flight.