Shares of Spirit AeroSystems (SPR) rise 6% following a Seattle Times report suggesting the company is not responsible for a mid-air incident on an Alaska Airlines (ALK) flight. According to The Seattle Times, Boeing (BA) mechanics improperly reinstalled the panel after a repair on the 737 Max 9 jet. Boeing CEO Dave Calhoun appeared on Capitol Hill to discuss the safety of the company's jets with US lawmakers.
Calhoun expressed confidence in the safety of Boeing airplanes but acknowledged the gravity of the situation.
Yahoo Finance's Julie Hyman and Josh Lipton weigh in on Calhoun's comments and the challenges ahead for the aviation manufacturer.
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