Boeing Delays 787 Dreamliner -- Again
Aerospace giant Boeing said this morning that it will have to push back again both the first flight and first delivery of its new 787 Dreamliner commercial jet, thanks to the crippling machinists' strike earlier this year.
The 787 was to make its first flight by the end of this year; now, Boeing said, it won't take off until the second quarter of next year. The first planes won't be delivered to customers until 2010.
This is a really big deal for a really big part of the American manufacturing economy. Today's announced delay is the second in two months. The big jet was already 15 months behind schedule prior to the eight-month strike.
Each Dreamliner carries a price tag of some $140 million to $200 million. (Depending on the trim level, we suppose. You know -- more cupholders, that sort of thing.)
Boeing said earlier this year that 58 customers have ordered 900 of the jets. Do the math and figure out what the delays mean to Boeing.
Or just look at Boeing's stock price since the beginning of this year: It's lost half of its value.
December 11, 2008; 11:09 AM ET
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