Boeing sets stock record
Published 9:00 pm Wednesday, February 14, 2007
Over in Chicago, Boeing executives are slapping each other on the back with one hand and reaching in their pockets for antacids with the other.
On Thursday, the company’s stock soared about 2 percent to close at an all-time high of $91.71. It’s one of many records recently set by Boeing.
In January, the company announced that it won more orders with 1,044 for commercial airplanes last year than any year in its history. (Click here to read more http://www.heraldnet.com/stories/07/01/05/100bus_orders001.cfm). Those orders helped fuel the company’s $174 billion commercial jet backlog. Just last week, Boeing’s Scott Carson noted that the company has enough requests on the books to workers on all four plane production lines at the Everett factory through 2010. (To read more http://www.heraldnet.com/stories/07/02/09/100bus_a1boeing001.cfm).
With so much going Boeing’s way, one has to wonder when will Boeing’s bubble burst?
The company still has a lot on its plate. There’s the 787 schedule to meet, an Air Force tanker contract to bid on, and pressure to raise production rates.
But Boeing executives like Carson remain upbeat. While some analysts say the order frenzy can’t continue, Carson recently said, “We think it’s not nearly over yet.”
