Boeing (BA) shares surged today as the company announced that the first of 24 Dreamliner 787′s has been delivered to the U.K..
British Airyways was proud to finally receive the aircraft and already has flights planned for later this year. While the 787 is one of the largest passenger planes on the market, it uses 20% less fuel than similar sized aircraft allowing the model to fly further and more efficiently than its competitors. British Airways will also operate the entire 787 family before long, with plans for the 787-8, 787-9 and 787-10 to be added to its fleet.
The current 787 backlog extends through 2019, ensuring that Boeing will be plenty busy in the coming years, as its strives to deliver one of the most technologically advanced aircrafts in history.
Boeing shares were up $2.40, or 2.33%, at Thursday’s close. The stock is just 1% off of its 52-week highs.
The Bottom Line
Shares of Boeing (BA) are currently yielding 1.88% based on Thursday’s closing price of $103.15,
Boeing (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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