Supply chain disruptions and technical errors have plagued Boeing's long-anticipated 787 Dreamliner for the past three years; however, the world's biggest aeronautical company just announced that its first delivery of the jetliner would come in third quarter of this year.
Boeing has faced myriad setbacks during its design and construction of the 787, including an electrical fire on board a test flight back in November that cast further doubt over the plane's delivery. Nonetheless, Boeing said that the Dreamliner will be delivered in November of this year.
RBC Capital Markets analyst Robert Stallard affirmed that though the supply chain setbacks hurt the company's stock in the past - it fell by 9 percent after the November 9 fire - it shouldn't affect the company going forward: "If Boeing can avoid further 787 issues, we think improving airline and industry fundamentals will continue to benefit the stock and potentially move its valuation higher."
Boeing executives assert that the November delivery date for its first round of Dreamliners reflects the time it will take to produce, install and test updated software on the planes. Scott Fancher, vice president and general manager of the 787 program, said that the "revised timeline for first delivery accommodates the work we believe remains to be done to complete testing and certification of the 787."
Boeing has faced myriad setbacks during its design and construction of the 787, including an electrical fire on board a test flight back in November that cast further doubt over the plane's delivery. Nonetheless, Boeing said that the Dreamliner will be delivered in November of this year.
RBC Capital Markets analyst Robert Stallard affirmed that though the supply chain setbacks hurt the company's stock in the past - it fell by 9 percent after the November 9 fire - it shouldn't affect the company going forward: "If Boeing can avoid further 787 issues, we think improving airline and industry fundamentals will continue to benefit the stock and potentially move its valuation higher."
Boeing executives assert that the November delivery date for its first round of Dreamliners reflects the time it will take to produce, install and test updated software on the planes. Scott Fancher, vice president and general manager of the 787 program, said that the "revised timeline for first delivery accommodates the work we believe remains to be done to complete testing and certification of the 787."
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