Boeing’s New Plane Is a Winner

Article Excerpt

Boeing continues to win new orders for its 787 Dreamliner plane. The company has now sold over 700 Dreamliners, and aims to begin deliveries next year. Sales could expand further if the aircraft performs as expected. Boeing already profits as the one of the world’s largest makers of commercial aircraft. It’s also a leading defence and space contractor. The prospects for the 787 just add to its appeal. THE BOEING CO. $94 (New York symbol BA; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 777.2 million; Market cap: $73.1 billion; WSSF Rating: Above average) is the world’s second-largest maker of commercial aircraft, behind Europe’s Airbus. This business accounts for 50% of its revenue and 60% of its profits. Boeing’s other main business is its defense and space operations, which make advanced military fighters and helicopters, missiles and communication satellites. Sales to the U.S. Defense Department account for roughly 85% of this division’s revenue. The stock fell below $25 in 2003, as 9/11 and…