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Valued at a market capitalization of $109 billion, Boeing (BA) is among the largest manufacturing companies in the world. But in 2024, the aircraft maker has weathered significant turbulence that started with a plug door incident on an Alaska Air (ALK) flight and the subsequent scrutiny of its 737 Max 9 lineup. Boeing stock currently trades 60% below its all-time highs and has remained under pressure since the fatal crashes of two 737 Max 8 planes within a six-month period back in 2018 and 2019.
