The FAA's deputy administrator said the MAX 7 certification is imminent, with the MAX 10 next. Boeing shares have risen this year on optimism, but no date was given.
Alpha Score of 38 reflects weak overall profile with weak momentum, poor value, moderate quality, moderate sentiment.
The Federal Aviation Administration expects to certify Boeing's 737 MAX 7 and 10 variants soon, a senior agency official said.
Deputy Administrator Chris Rocheleau told reporters the MAX 7 certification is imminent. The larger MAX 10 will follow closely behind, he said. Boeing's 777x aircraft is expected to receive FAA approval after the MAX models, Rocheleau added.
The timeline is a milestone for Boeing after years of regulatory delays following the 2018 and 2019 MAX crashes. Certification of the MAX 10 had been uncertain because of a 2020 law requiring new cockpit-alerting standards. Congress waived that requirement in December, clearing the path.
Boeing shares have risen 12% this year through Friday, partly on certification optimism. The company needs the MAX 7 to replace the older 737-700 and the MAX 10 to compete with Airbus's A321neo.
Rocheleau did not give a specific date for either certification. The FAA continues its technical review of flight-control software and design changes.
For AlphaScala readers tracking the stock, Boeing (BA) holds an Alpha Score of 37 out of 100, labeled Mixed, reflecting the balance between certification progress and ongoing production quality concerns.
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