Boeing, suppliers slip as Wall Street counts MAX halt costs

Boeing, suppliers slip as Wall Street counts MAX halt costs
Lion Air's Boeing 737 Max 8 airplane is parked on the tarmac of Soekarno Hatta International airport near Jakarta, Indonesia, on March 15, 2019. Willy Kurniawan/Reuters
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Shares of Boeing Co. and its global suppliers fell further on Dec. 17 as analysts began to tally the cost of the U.S. planemaker’s decision to suspend production of 737 MAX jets in January, its biggest assembly-line halt in more than two decades.

Analysts estimated Boeing could continue to burn around $1 billion a month despite the halt in work on what was previously its best-selling plane, and investors worried layoffs, lost work and logistical costs would ripple through its supply chain.