US launches safety review of 787 on recent problems

It was unclear how long the review will take or how much it will ultimately cost Boeing, but the company was concerned enough that it sent a top executive to a Washington press conference on the problem. Boeing shares fell 3 percent.

The 787 represented a leap in the way planes are designed and built, but the project was plagued by cost over-runs and years of delays. Some have suggested Boeing's rush to get planes built after those delays resulted in the recent problems, a charge the company strenuously denies.

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