The Boeing Company (BA) is flying high once again. The world’s second-largest commercial jet and military weapons manufacturer, Boeing had floundered in the wake of scandal and ever-increasing pressure from rival Airbus S.A.S throughout much of the new millennium. Beginning in 2005, however, the turbulence cleared and Boeing’s prospects have soared.
During the first quarter of 2006, airplane deliveries were up 40%, producing $7.1 billion in revenue. In addition, persistent strong demand for the 787 Dreamliner - scheduled for service in 2008 - has helped pilot Boeing’s contractual backlog to a record $213 billion, providing job security and stability for years to come. Not surprisingly, investors have taken notice– driving BA stock to its highest levels since pre-9/11.
Will the ascent continue? Boeing’s management seems to think so. Boeing Co. is delivering 395 airplanes this year and will deliver 10 more next year, the aerospace company’s chief executive said Wednesday, affirming Boeing’s earlier forecasts.