Boeing uncertainty dampens Arconic guidance

摘要

Pittsburgh—Arconic provided conservative 2020 sales and production guidance to in- vestors Monday due to uncertainty regardin Boeing’s future production of the 737 MAX airline series, with the aluminum product manufacturer warning specifically of the downside potential. “Given the uncertainty to which Boeing will exactly announce any future increases i production plans, this causes me to provide a wider bandwidth of guidance than would be normal,” Arconic CEO John Plant said. Boeing suspended production of 737 MAX aircraft in December after they were grounded following two crashes. Boeing is one of Arconic’s top end-product consumers.