Even after a stong run-up that began in 2003 and several product delays and run-ins with the Federal government, Boeing’s shares have risen from $70 at the beginning of the year to $90.
And, Boeing shares could go higher.
The turmoil at competitor Airbus gets more wild by the day. Airbus parent EADS has given the airframe manufacturer the go ahead to sell its A350 jetliner that competes with Boeing’s new 787. Fundng for the Airbus project will come from cost cuts, current cash flow and supplier financing. The company may also have to request capital from its goverment shareholders.
In other words, Airbus plans to herd cats to get its new plane financed
The Airbus funding situation is so complex and relies on several factors, none of which is guaranteed to stay in place. Boeing could not hope for better.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
