Abruptness and Deepness of Boeing's 737 Rate Cut Suggests MAX Groundings May Stretch into Summer
Effective mid-April, Boeing plans to reduce its 737 rate to 42 aircraft per month from 52. Given how abrupt and deep the production cut was, we think it signals that the 737 MAX groundings may take longer than our initial 2-3 months view. It’s difficult to provide a point estimate for the duration of the groundings but assuming they last six months and that Boeing produces at 42 aircraft per month over this time period, our 2019 MAX delivery forecast drops about 18% to 485 MAXs. Our total 737 de...Spirit AeroSystems Holdings is an independent non-Original Equipment Manufacturer commercial aerostructures designer and manufacturer. The company has three segments: Fuselage Systems, which includes development, production and marketing of forward, mid and rear fuselage sections and systems, and related spares and maintenance, repair, and overhaul (MRO) services; Propulsion Systems, which includes development, production and marketing of struts/pylons, nacelles, and related engine structural components, and related spares and MRO services; and Wing Systems, which includes development, production and marketing of wings and wing components, as well as related spares and MRO services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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