The FAA set to sign off on Boeing 737 Max software fix in 10 days, shares rise

Investing News

Shares of Boeing ticked higher Friday after a report that the plane manufacturer plans to roll out a software upgrade for its 737 MAX aircraft in 10 days.

The report from Agence France-Presse, citing sources, comes after the U.S. grounded all Boeing 737 Max jets this week, following the lead of dozens of other countries. Boeing’s stock had tanked more than 11 percent this week after two fatal crashes.

Shares rose 1.3 percent following the report.

The FAA cited links between two fatal crashes as grounds to cancel 737 Max Boeing flights.

—This story is developing. Please check back for updates.

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