Boeing Slumps 7% After FAA Delays 737 MAX 10 Certification

Boeing's stock price took a hit on Monday after regulators identified a software issue that requires additional review, delaying certification of its 737 MAX 10. The aerospace and defense company's shares retreated almost 7% as a result.

The U.S. Federal Aviation Administration (FAA) flagged the issue, which adds fresh uncertainty to Boeing's production and delivery timeline. The FAA's decision is not surprising, given the company's recent history with regulatory issues.