investors got two bits of good news Monday that was sending the higher. One item was a far bigger deal than the other.
The plane maker temporarily avoided a strike at three plants that make military gear, and U.S. regulators approved the company’s plan for validating repairs to the 787 twin-aisle jet.
Avoiding the strike is a small positive. The ability to resume 787 deliveries will be a big relief for investors.
(ticker: BA) stock rose 4.8% in premarket trading to about $167 a share. Coming into the session, the stock has fallen almost 21% this year, while the
Dow Jones Industrial Average
have declined about 13% and 10%, respectively.
Boeing hasn’t delivered 787 jets in more than a year. The last delivery was in June 2021. Boeing stopped delivering the planes after quality problems were found in manufacturing.
Over the weekend, the Federal Aviation Administration gave clearance to Boeing to begin deliveries of the 787 Dreamliner, according to reports. Aviation Week was the first to report on the FAA’s approval. Boeing didn’t immediately respond to a request for comment.
The approval clears the way for Boeing to deliver roughly 120 jets that were built and parked. It will take time for all those…
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