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
TheStreet Open House

Boeing May Replace Best Product: the 737

SEATTLE -- ( TheStreet) Boeing (BA) is preparing to replace the most successful aircraft in history.

"The indications I'm getting are that they are leaning towards a new airplane, not a re-engineer," said consultant Scott Hamilton, founder of Leeham Co., which publishes an online newsletter about aircraft manufacturers. The most recent edition quotes a report by Buckingham Research analyst Richard Safran, who wrote that Boeing is likely to drop its widely assumed plan to re-engine the 737 in favor of developing a new airplane. "Current thinking (by Boeing) could be leaning towards a new airplane," Safran wrote.

Boeing has said repeatedly that it may re-engine the 737, in concert with the development of new products from engine manufacturers. But it is not dismissing the suggestion that it could develop a new aircraft altogether.

"We will evaluate engine technologies in the context of what brings real value and performance expectations to our customers," said Boeing spokesman Jim Prouix. "Reducing fuel consumption and emissions and lowering community noise are key drivers as we consider the possibility of a next-generation 737 re-engine opportunity, or provide an alternative. We expect to make a decision by the end of this year."

Though it is firmly entrenched as one of just two companies in the world that makes large jets, Boeing has recently been prone to make big bets . It bet heavily on the 787 which, so far, despite immense promise, can hardly be termed a success. And after decades of aircraft production in Everett, Wash., Boeing is also engaged in the creation of a second production line in Charleston, S.C., largely as a result of a difficult relationship with its union workforce.

The 737 is not just another airplane: It is the best selling airplane in history. Boeing has delivered 6,348 of them and has more than 2,000 outstanding orders. The first 737-100 was delivered in 1967. Today, Boeing manufactures the 737-900. About 4,000 aircraft are currently in service, flown by airlines in 115 countries. At any given moment, 1,200 737s are in the air somewhere in the world.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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