The newest Dreamliner, model 787-10, from Boeing (BA) has debuted at the Paris Air Show.
The new aircraft will be under heavy scrutiny after the initial wave of 787 Dreamliners debuted way behind schedule and were then subject to equipment troubles, mostly concerning the batteries. Boeing recently received clearance from the FAA for its updated batteries meaning that 787s will be able to return to the skies.
The new 787-10 model hosts a longer body that has already drawn 102 orders, a deal that will likely be worth billions. This all after Boeing commented that its growth prospects are quite strong, helping investors overcome the backlash from the initial 787 snags.
Boeing shares were up $1.05, or 1.01%, at Tuesday’s close. The stock is just 0.07% off of its 52-week highs.
The Bottom Line
Shares of Boeing (BA) are currently yielding 1.86% based on Tuesday’s closing price of $104.08.
Boeing (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.