Boeing Hit With New FAA Safety Directive Ahead of Shareholder Meeting
Boeing Co. (BA - Get Report) shares extended declines Monday after the U.S. Federal Aviation Commission said it would impose new safety checks on the planemaker's 787 series of aircraft.
The new Airworthiness Directive, which will come into effect on June 3, will include inspections and checks for some of the planes parts, as well as inspections of aileron and elevator power control units. The FAA said the new directive was prompted by reports of hydraulic leakage to the units caused by lightnings strikes.