Analysts have questioned whether the UK engineer Meggitt can hit its profit margin target over the next couple of years following Boeing’s decision to halt production of its 737 Max plane. Meggitt makes seals and composite parts for the Max’s control systems and had expected to make $155,000 in revenue for each jet that was built. But Boeing announced this week that it would temporarily stop making the planes while regulators carry out an “extraordinarily thorough” review into two deadly crashes. Compared with its rival Senior, which also makes parts for the plane, Meggitt came out relatively unscathed in Tuesday’s session, the day after the announcement. Analysts at Panmure Gordon, the City stockbroker, expect the market will catch up, though, and they are advising clients…

Source: The Times December 19, 2019 00:00 UTC