Aerospace shares lower on market falls; mixed day for Boeing

Falls on global markets saw most aerospace stocks decline on Monday, with concerns raised over European sovereign debt and the pace of Chinese economic growth. Boeing had a mixed weekend: It won (along with General Dynamics) a US Supreme Court victory against the US Department of Defence, which was seeking USD3 billion over a cancelled military aircraft contract. However, more talk of possible delays to the B747-8F emerged, with some analysts suggesting Boeing could miss the deadline for initial deliveries by up to two months.