Boeing Suppliers Catch a Halo: BA, HXL, CYT, SPR, ATI
Three years after numerous delays and billions of dollars in extra costs, Boeing (NYSE:BA) delivered the long-awaited Dreamliner 787 on Sunday to All-Nippon Airlines. Stocks in the companies that provided materials and parts for the Dreamliner 787 have risen today on the news.
Boeing (NYSE:BA) has 821 orders for the new carrier and it is set to compete with the 2013 Airbus 350. The new aircraft is said to travel distances 52 percent greater than Boeing’s 767, using 20 percent less fuel for flights.
Boeing’s stock is up 3.92% to $61.85 on the news. Shares are down 5.15% year to date. The stock has traded in a 52-week range between $56.01 and $80.65.
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