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BOSTON, Apr 08, 2008 (Thomson Financial via COMTEX) -- BA | news | PowerRating | PR Charts -- Boeing Co. will update the status of its 787 Dreamliner aircraft program on Wednesday, with at least some Wall Street analysts expecting the Chicago-based jetliner manufacturer to report further delays.
American Technology Research maintained a sell rating on Boeing shares as the firm expects a new three-to-six-month delay in the 787 program.
"Expect Boeing to positively spin the delay saying it will provide a greater window on the flight test program, which could lessen the unknown 'unknowns'," American Tech said. "While we agree the delays will help in terms of additional simulation testing, successfully flying the six text aircraft is what investors want to see."
LONDON (Thomson Financial) - U.S. aircraft manufacturer Boeing Co is expected to announce Wednesday that its 787 Dreamliner is facing an 18-month delay, the Times reported.
Originally posted by sminkeypinkey
As some of us said last year (and further back) at the time, when you're pushing the boundaries delays and cost over-runs are inevitable.