Boeing Stock Drops After Report of New Software Glitch in 737 MAX
On a downbeat trading session, Boeing stock fell sharply after reports surfaced about a new software glitch affecting its 737 MAX aircraft. The issue involves the autopilot function potentially failing during certain landing scenarios, requiring manual pilot intervention. Although Boeing claims there is no safety risk and is working on a patch, major customers like Southwest Airlines and United Airlines have refused to accept deliveries of affected planes. The problem was introduced in the latest software update, with one possible solution being reverting to an earlier version without the glitch. However, concerns remain about how this will be addressed for the 2,422 existing aircraft already in service worldwide. Boeing aims to resolve and patch the issue by early 2028.
Topics: 737 MAX aviation safety Boeing software glitch