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Shares in US aircraft manufacturer Boeing are trading down just a little under 1% premarket on Monday. Boeing has been back in the headlines this week. This is due to reports on the testimony of two of the company’s top executives regarding two fatal crashes in recent years.
Transcripts Under Scrutiny
Bloomberg News reported on transcripts of interviews it obtained involving Keith Leverkuhn and Michael Teal, both of whom were vice presidents in charge of the engineering development work on the 737 Max aircraft.
Interviews were conducted with the House Transportation and Infrastructure Committee. The two VP’s said that they were unaware of the specifics regarding certain safety features, which would have been left down to lower-level employees.
Decisions Left To Lower Level Employees
The transcripts reported on by Bloomberg, show Teal saying:
“The technical leaders well below my level would have gone into that level of detail.”
The system in question is the Manoeuvring Characteris...
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