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BA to Fly Two Dreamliners from South Dakota to Seattle
By Market News Video Staff, Tuesday, November 16, 2:01 PM ET
Boeing (NYSE:BA) said today that it has made plans to fly two 787 Dreamliners to Seattle from Rapid City, South Dakota, and that the Federal Aviation Administration has approved the plans, although no tests will be performed onboard during the flight. A fire onboard a different Dreamliner during a test flight earlier is still under investigation, Boeing said. Additional data available now on the investigation reveals that the total duration of the incident was 90 seconds, with the electrical panel fire having lasted less than 30 seconds. Boeing said it still cannot comment on the potential impact of the incident on the overall program schedule.
Boeing shares are trading lower by 1.25% Tuesday.
Boeing is the second-largest holding in the iShares Dow Jones Aerospace & Defense Index Fund (AMEX:ITA), at 7.12%. United Technologies is the top stock, at 8.98% of the fund, while General Dynamics (NYSE:GD), Precision Castparts (NYSE:PCP) and Lockheed Martin (NYSE:LMT) round out the top five holdings.
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