Boeing Reports Unplanned IT Outage Affecting Some Systems
BA sits 22% above its 52-week low of $176.77.
Summary
Boeing announced an unplanned IT outage impacting some computer systems and applications. The company stated the cause is understood and there is no reason to believe it was a cyberattack, with teams working to restore systems. While the full impact is unclear, any disruption to IT systems for a major manufacturer like Boeing could potentially affect production schedules or operations, following a period of strong operational news and order increases.
At the time of this announcement, BA was trading at $215.02 on NYSE in the Manufacturing sector, with a market capitalization of approximately $170.6B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.