Boeing slips after NTSB recommends modifications to LEAP-1B engines

Shares of Boeing (BA) are under pressure on Wednesday afternoon after the National Transportation Safety Board issued an urgent safety recommendation to address the possibility of smoke entering the cockpit or cabin of airplanes equipped with CFM International LEAP-1B engines and issued additional recommendations to evaluate the potential for the same issue with LEAP-1A and -1C engines. CFM LEAP engines are used on variants of Airbus (EADSY) A320neo and Boeing 737 Max narrow-body passenger jets. The NTSB found that the engine load reduction device, or LRD, a safety feature designed to reduce the severity of vibrations transmitted from a damaged engine to the airframe, can result in damage to the engine oil system. PRICE ACTION: Shares of Boeing have dropped about 1.50% and are trading at $197.30.