This Day On The Street
Continue to site
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

Boeing Ascends After First 747-8 Flight

EVERETT, Wash. ( TheStreet) -- Boeing (BA - Get Report) shares were rising Monday morning after the aircraft maker successfully carried out the first test flight of its 747-8 aircraft.

The airplane took off from Paine Field in Everett on Sunday and landed four hours and 25 minutes later at Boeing Field in Seattle. The test flight program is expected to conclude in the fourth quarter. More than 600 test flight hours are planned.
Boeing's new 747-8 aircraft made its first successful test flight Sunday.

During Sunday's test, the aircraft followed a route over eastern Washington, reaching a cruise altitude of 19,000 feet and a speed of around 288 miles per hour.

"This is a great day for the 747-8 team and for all of Boeing," said Elizabeth Lund, general manager of the 747-8 program. "What an honor it is to see such a beautiful airplane fly."

Boeing said the new model 747 will have the lowest seat-mile cost of any large commercial jetliner, with 12% lower costs, 16% fewer carbon emissions and a 30% smaller noise footprint than its predecessor, the 747-400.

Launch customers Lufthansa and Korean Air have ordered 33 copies of the aircraft, and Air China has agreed to order five pending government approval. Boeing is among the U.S. companies best-positioned to benefit from China growth.

In early morning trading, Boeing shares were rising 3.43% to $71.41.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $147.01 -0.28%
AAPL $117.82 -0.18%
FB $105.47 0.06%
GOOG $750.27 0.28%
TSLA $231.11 0.64%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs