• U.S. lawmakers refused to add an extension to an annual defense bill to exempt Boeing Co (NYSE: BA) from a year-end regulatory change for 737 Max 7 and Max 10 versions of aircraft.

• Boeing has been trying to convince lawmakers to waive the year-end deadline that affects its MAX 7 and MAX 10 airplanes deployment.

• Congress adopted the requirements for modern cockpit alerts as part of certification reform passed after two fatal 737 MAX crashes that killed 346 people in Indonesia and Ethiopia.

• Related: Boeing Forecasts Upto $5B Free Cash Flow In 2023, $10B By Mid Decade.

• There is a slim chance the defense bill could be changed before final passage, and Boeing is still attempting to convince lawmakers. Reuters sources reported that the issue may slip into 2023.

• After December 27, all planes must have modern cockpit alerting systems to be certified by the Federal Aviation Administration.

• The update would be a significant setback for Boeing jeopardizing the MAX 7 and 10 future or hinting at significant delays for the new aircraft's deployment.

• Boeing has won about 1,000 orders for the MAX 7 and MAX 10.

• According to a report, approval for 737 Max 10 is not expected before next summer.

• Price Action: BA shares traded 1.61% lower at $175.55 premarket on the last check Wednesday.

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