Boeing May Suspend Production Of The 737 Max

The transcript discusses Boeing's challenges with the 737 Max airplane, including potential production halts and grounding by global aviation regulators after two fatal crashes. Boeing reduced production by 20% and has been working on a software update to address issues believed to have caused the accidents. The FAA's approval process for this update will extend into 2020, and Boeing may further cut production if necessary.

What did FAA Administrator Steve Dickson confirm about the approval process?

What might Boeing need to do if the software update process extends further?