Boeing 737 Max Fallout could be BIG

[PeoplesElbow]

The fallout from Boeing's 737 Max debacle is just starting to be felt, it could have a significant impact to the US and world economy.

Boeing May Halt 737 Max Production

y one estimate, a production halt would shave about six-tenths of a percent off the gross domestic product growth rate, the financial equivalent of a prolonged government shutdown or a significant natural disaster.

SpiritAerosystems, the largest supplier for the Max, has already cut hours and pay for 4,000 workers, and is especially vulnerable to a production halt. And General Electric, which makes the Max engines through a partnership with Safran of France, is also expected to record a dip in revenue as a result of the grounding when it reports earnings next week.

A production shutdown would be particularly painful in the Seattle area, where Boeing makes the 737 Max and most of its other commercial airplanes.
“For every direct Boeing job, there are three to four indirect Boeing jobs,” Mr. Hamilton said.

Note to self, keep an eye on Boeing stock for the right time to buy.