FAA Halts Boeing 737 MAX 10 Certification, Shares Fall Nearly 7%

The FAA announced a suspension of certification for Boeing's 737 MAX 10 model, citing a new defect in software provided by GE Aerospace that could affect automatic flight guidance functions and increase pilot workload during go-around scenarios. With over 1,500 firm orders for the MAX 10, certification is critical for Boeing to improve cash flow and compete against Airbus, and the timeline for certification, originally expected to be completed in October, has been disrupted again. Boeing shares fell 6.9% on Monday.