The Dreamliner, Boeing Company’s (BA) most recent airplane model, continues to cause problems with the company, with more reports in today of the planes leaving their routes to make landings for repairs.
After a three month grounding of all Dreamliners to fix the batteries after one malfunction caused smoke to fill a cockpit during a flight, Boeing is once again in the hot seat. The new problems are centered around the oil system and brake warnings.
Boeing just showed the new planes off at the Paris Air Show and his posted orders values at about $66.4 billion for the new plane design.
Boeing shares were down $ 2.09 Monday afternoon. The stock is up 30% YTD.
The Bottom Line
Shares of Boeing Company (BA) have a 1.98% yield, based on Friday’s closing price of $97.85.
Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.