Boeing shares slip as it addresses 787 issues

Boeing Co. shares slipped on Monday, the day after the planemaker said it must correct a fuselage support structure problem on some of its carbon-composite 787s, a glitch experts said could slow production.

Boeing shares were down 1.3 percent at $75.31 on the New York Stock Exchange. The company said the problem was not causing any immediate safety concerns and would not affect production rates.

But EarlyBirdCapital Managing Director Alex Hamilton said the problem could disrupt Boeing's effort to boost its 787 production rate to 10 planes per month by the end of 2013.

"We don't know if this will impact production," Hamilton said. "But if you have to go back and correct something and possibly change production going forward, it seems to have a good chance, in our opinion."

Read Full Article from Chicago Tribune

- Posted: 2012-02-06 12:11:15

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