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Article: 787 Getting Off the Ground? - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- December 17, 2008
- Author:
CopyrightCopyright 2008 Zacks Investment Research. (Hide copyright information)
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787 Getting Off the Ground? - Analyst Blog
Some observers wonder if the 787 Dreamliner airplane will ever fly. Not to worry! Years ago, this writer was employed by Northrop Corp. -- now
Northrop Grumman Corp.
(
NOC
) -- which, at that time, was struggling to produce the 747 fuselage as a risk-sharing partner. The problem became so onerous financially that
The Boeing Company
(
BA
) revised its agreement with Northrop, which became a sub-contractor and went on to produce many 747 fuselages.
A similar thing has already happened with
Vought
(
VTC
), one of the original risk-sharing partners on the 787; in this case, Boeing has taken over Vought's 787 operations.
Boeing has the resources to make the ...
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