News Column

Boeing Shares Soar on New 787-9 Dreamliner

September 18, 2013

ICN.com Financial Markets

boeing 787-9
Boeing 787-9 stretch Dreamliner (artist rendering)

Boeing's shares hit a new record high, topping $117.00 a share, after the latest version of the 787 (the 787-9 Dreamliner) made its first flight.

The stock is up more than 60% since it traded in the $70 range earlier this year when the Dreamliner was grounded worldwide to fix a battery problem that caused two fires.

Boeing acknowledges that the Dreamliner still has problems; therefore, the company starts every morning by reviewing a report on each Dreamliner flight.

Despite all these issues, Boeing`s stock has soared, rising nearly 68% this year, and more than 1% on Tuesday.

Experts believe that Boeing is on track to increase Dreamliner production to its target by the end of the year, which was good news for Boeing and its investors.

If so, the aerospace giant said will consider expanding a manufacturing site in Helena, Montana.

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Original headline: Boeing shares hit record high on new 787-9 Dreamliner


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Source: (c) 2013 ICN.COM. ALL RIGHTS RESERVED


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