Boeing (BA) surged early Wednesday as investors scurried away from rival Airbus in the wake of the European aerospace company's latest production setback.
Shares of Chicago-based Boeing rose 4% Wednesday after Airbus said Tuesday it would set back delivery of its giant Airbus A380 airliner by seven months. Airbus had earlier delayed production of the double-decker plane by six months. Shares of Airbus parent EADS dropped 25% in Paris Wednesday on the news. "I am extremely sorry vis-a-vis investors that have placed their confidence in EADS," co-CEO Noel Forgeard said in a conference call, according to MarketWatch. "This announcement came as a big blow. But we will create recovery." Early Wednesday, Boeing rose $3.51 to $80.49.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 12,855.15 | 1,350.01 | 2,927.17 | 19.78 |
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