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UPDATE: FAA Temporarily Grounds Boeing (BA) 787s; Shares Fall

January 16, 2013 6:14 PM EST

(Updated - January 16, 2013 6:17 PM EST)

The Boeing Company (NYSE: BA) is down 2% after-hours after the U.S. FAA ordered a temporarily cease in operations of Boeing 787.

The news following recent reports of battery issues.

Below is the Statement from the FAA:

FAA Statement:

As a result of an in-flight, Boeing 787 battery incident earlier today in Japan, the FAA will issue an emergency airworthiness directive (AD) to address a potential battery fire risk in... More