BUZZ-Boeing dips as Trump nominee urges tough stance on planemaker
ReutersFeb 20, 2025 5:11 PM
Boeing BA.N stock dipping 3% on Thurs after US President Donald Trump's nominee for deputy secretary of US Transportation Dept said regulators need tougher oversight of the planemaker
Nominee Steve Bradbury emphasized need for stricter regulation at Senate hearing, citing past issues with 737 MAX crashes
Also Thur, CEO Kelly Ortberg said Elon Musk, head of space business rival SpaceX, is "helping us a lot" in navigating delays in delivering BA's Air Force One presidential jet
BA stock has risen about ~2% YTD, underperforming S&P 500 .SPX which is up ~4%
As of recent close, BA stock was ~10% below 52-week high of $208.05 reached on Feb. 28, 2024
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