Boeing Rises After Saying Dreamliner Still Profitable

Boeing Co. jumped the most since December in New York trading after saying it still expects the 787 Dreamliner program to be profitable following a $2.5 billion third-quarter charge for the delayed plane.

Boeing rose $3.30, or 6.9 percent, to $51.12 at 10:18 a.m. in New York Stock Exchange composite trading. The shares earlier climbed 9.3 percent, the biggest intraday jump since Dec. 8.

The 787 is now scheduled to fly for the first time by year- end and reach customers in 2010’s fourth quarter, the Chicago- based company said in a statement today. The new delivery target is about 2 1/2 years behind the original goal of May 2008.

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- Posted: 2009-08-27 10:33:32

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