Boeing has scaled back production of its 787 airliners after finding a structural defect. Shares in the planemaker came under pressure after it reported that it needed to perform “additional rework” on undelivered jets.
The company now expects to deliver less than half its inventory of 787s, having previously expected to deliver the “vast majority” of the 100 or so jets. For now its production rate will slow to fewer than five each month.
Boeing, which is valued at $134 billion (£114 billion), is the world’s largest aerospace manufacturer, making commercial jets, military aircraft, missiles and space technology. The group’s shares closed down 4.2 per cent, or $10.06, at $228.23 in New York last night.
The Federal Aviation Administration, the American regulator, has said the
