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Senior braces for Boeing margin impact

Senior braces for Boeing margin impact

Aerospace and defence engineer Senior (SNR) has confirmed that it anticipates a hit to its aerospace margins this year, following Boeing’s decision to cut its monthly production of 737 Max jets from 52 to 42. Boeing made the call to lower production after aviation regulators grounded the jets in response to a crash in March, its second in six months, which killed all 157 people on board. Senior supplies airframe and engine components across seven customers for the Max, including Boeing, engine supplier CFM International and Spirit Aerosystems.

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