Photographer: Nelson Ching/Bloomberg

Cyber Hit on China-Owned Boeing Supplier Sends Stock Down 19%

Updated on
  • `Criminal Act' behind $55 million of damages at Austria's FACC
  • Parts-maker for aerospace leaders is 55% controlled by AVIC

Cyberfraud sent shares of Austria’s FACC AGto their steepest drop since the supplier of parts to Boeing Co.and Airbus Group SE began trading in 2014. The company put damages at 50 million euros ($55 million) -- one of biggest losses after a hacking event for its size.

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