Boeing misses Q3 expectations as 737 Max woes mount

Boeing reported third-quarter earnings that missed expectations due to ongoing issues with the 737 Max plane. The company incurred an additional $900 million cost related to the grounding of the 737 Max, bringing the total to $9.2 billion. Despite challenges, Boeing remains focused on returning the 737 Max to service and plans to increase production rates. Executive changes have occurred, with Kevin McAllister stepping down and Stan Deal taking over. Boeing's financial performance is expected to be impacted until the 737 Max jets are cleared for flight. CEO Dennis Muilenburg faces scrutiny from lawmakers regarding the design and certification process of the planes. The stock has declined since the Ethiopian Air crash in March, while Muilenburg is set to testify before Congress next week.

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