Boeing (BA): A 787 Delay
Boeing (BA) is delaying the test flight of its 787 Dreamliner and adding R&D money to try to keep the launch on track. With a substantial part of Boeing pipeline relying on the new aircraft can’t afford another slip. According…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Boeing (BA) is delaying the test flight of its 787 Dreamliner and adding R&D money to try to keep the launch on track.
With a substantial part of Boeing pipeline relying on the new aircraft can’t afford another slip. According to BusinessWeek: "Boeing raised its 2007 profit forecast to $4.80 to $4.95 per share, from $4.55 to $4.75". If the debut of the Dreamliner moves into October or later, Boeing’s EPS could take a hit.
Boeing’s stock has moved up as the 787 has taken orders from Airbus and the 747-8 has made inroads in the super-jumbo segment. The progress has kept expectations for the company unusually high.
Boeing’s share are up 17% this year, and with the market trading off, the mega-cap stock would usually be considered a "safe haven" investment.
That is, of course, if it can get its products out on time.
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.