Aerospace & Defense

Is Boeing (BA) Dreamliner Delayed Again

Perhaps it is a rumor and perhaps not. German magazine Focus has reported that the launch of the Boeing (BA) Dreamliner will be delayed another six months into 2010. The publication says it got is information from the Federal Aviation Administration.

Boeing says the report is a lie, although the American company used language less harsh than that.

The only reason the report may have some believability is that Boeing has delayed the plane three times. Some customers are even seeking damages from the company due to the delay. It is costing them money to fly older planes. All of the bad news has sent Boeing shares from 52-week high of $107.83 to $71.59.

Boeing says that the delays should not hurt earnings. That forecast is starting to look a little thin.

Douglas A. McIntyre