Boeing Co. (NYSE: BA) is back on track and now firing on all cylinders. Its 787 Dreamliner woes seem to be mostly behind the company, and now the even larger 787-9 Dreamliner has just completed its maiden test flight. On Tuesday the news broke that the maiden flight landed in Seattle, Washington after a five hour test flight.

Boeing’s website said that the new flight was less than two years after delivering the first Dreamliner. The Commercial Airplanes unit introduced the second member of the Dreamliner family that is extending the efficiencies and innovations of this much larger and more fuel efficient line. Boeing’s updates can be seen live and with updates here on their site.

What we would expect is for many Wall Street analysts to key in on Wednesday and Thursday, with many newer calls later down the road. It is going to be some time before the 787-9 gets any real delivery traction from orders. This was simply the first flight.

We would also add that investors should not expect this to add to the top line and bottom line in the immediate future. That being said, one fresh analyst upgrade took Boeing’s price target up to $164 from $120 and that is currently a “street high” price target.

All of this is a part of why we have recently projected that Boeing’s stock could become the most significant component of the DJIA when it comes to leadership and gains ahead.

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