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NEW YORK (TheStreet) -- Boeing (BA) - Get Free Report announced Sunday it had made contractual delivery of its first 787 Dreamliner, to All Nippon Airways (ALNPY) of Japan..

The plane's flight to Japan is scheduled for Tuesday.

Although Boeing is touting the delivery with great pomp, including

a live Web cast

of Monday's celebration's and Tuesday's flyaway, the delivery is three years late, as the Dreamliner program has suffered repeated delays.

ANA Dreamliner

Boeing has marketed the mid-size, twin-engine plane as its most fuel-efficient and has racked up more than 800 orders for it.

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Although some analysts have heralded the arrival of the 787 as marking a new, bullish era for Boeing,

concerns linger

about when the aerospace giant will make money on the program, and how much Boeing underestimated its development costs.

Shares of Boeing closed Friday up 79 cents at $59.51.

This article was written by a staff member of TheStreet.