This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Can Boeing Soar on Stepped-Up 787 Role?

NORTH CHARLESTON, S.C. -- The aerospace industry may come to view the second week of June as a turning point for Boeing (BA - Get Report), when the aircraft maker got its 787 Dreamliner back on track.

If that is the case, the change will largely reflect improvements Boeing has made at its North Charleston complex, where two plants operated by suppliers produce 787 fuselage sections with parts shipped from around the world. At both plants, Boeing has stepped in to assure reliability.

The story of Boeing's 787 delays has been told many times. The world, hungry for aircraft, eagerly awaits this model, which is 20% more fuel efficient than the comparably sized Boeing 767. But a series of embarrassing postponements have pushed back delivery of the first 787 from mid-2008 to the third quarter of 2009.

On Tuesday, Boeing permitted a dozen reporters from around the country to tour the three-year-old North Charleston complex for the first time. The tour indicated, in the words of Joy Romero, vice president of the 787 program at Vought Aircraft Industries, that "Boeing is saying 'Look, yes, we had some problems, and we're getting over those problems.'"

Boeing Steps Up Presence, Production

On Wednesday, Boeing said it had completed a deal to acquire 50% of the joint venture that operates one of the North Charleston plants. On Thursday, Boeing said it had turned on the electrical power in the first 787 Dreamliner -- more than a year behind schedule, but nevertheless a key milestone signaling the start of critical systems testing that can be conducted only when the airplane has power.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BA $150.08 -1.72%
NOC $160.96 -1.06%
AAPL $124.43 -1.54%
FB $82.22 -1.18%
GOOG $548.00 -0.73%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs