Boeing due to resume B787 test flights
Boeing could resume flight testing of the B787 by the end of the week, according to a report in the Seattle Post Intelligencer. The manufacturer grounded the B787 test fleet in Nov-2010, following a fire on one of the six test aircraft.
- Boeing may resume flight testing of the B787 by the end of the week after grounding the test fleet due to a fire incident.
- The initial delivery of the B787 is expected to be delayed beyond the mid-February target.
- Boeing has not yet provided a new timetable for the delivery of the aircraft.
- Boeing's stock was down 0.4% following the news.
- Other aircraft manufacturers also experienced a decline in their stock prices, except for EADS which showed a slight increase.
- BAE Systems announced the sale of Swiss-Photonics AG group for USD10.9 million in cash, resulting in a 1.8% drop in their stock price.
The manufacturer has already confirmed it expects to miss the mid-Feb-2011 target for the initial B787 delivery after the fire. Boeing has not yet established a new delivery timetable for the aircraft. Shares in Boeing were down 0.4% on Monday. Other aircraft manufacturers also traded down, with only EADS showing positive momentum (+0.1%).
Elsewhere, shares in BAE Systems fell 1.8%. The company announced the sale of Swiss-Photonics AG group to Forensic Technology WAI for USD10.9 million in cash.
Selected original equipment manufacturers' share price movements: (% change): 11-Jan-2011
