NEW YORK (AP) — Shares of Boeing Co. climbed to a multiyear high Tuesday after the company reported a smooth test flight of its new 787 passenger jet and the U. S. government reported that a surge in commercial aircraft sales lifted durable goods orders.

Boeing shares rose $1.67, or 2 percent, to $86.52 in midday trading after hitting a high of $86.84 earlier in the session. FactSet says that was its highest since May 2008. The shares have been rising since hitting a low of $66.82 last June.

The Commerce Department reported Tuesday that orders for durable goods jumped 5.7 percent in February compared with January, as commercial aircraft orders nearly doubled, reversing a decline in January.

Airlines have been ordering new Boeing and Airbus jets to improve the fuel efficiency and passenger comfort of their fleets.

Meanwhile, Boeing reported on Monday that the first test flight of its grounded 787 "Dreamliner" passenger jet since Feb. 11 "went according to plan."

The test gave Boeing officials and shareholders hope that aviation regulators might soon lift orders that grounded the worldwide fleet of about 50 of the new jetliners after two incidents in which lithium-ion batteries overheated.

Boeing's fix includes more space between the eight cells in each battery, putting batteries inside stainless steel boxes, and adding a means to vent any smoke or fumes.

Monday's 2-hour test flight over Washington and Oregon carried a crew of six Boeing pilots, engineers and technicians. Company spokesman Marc Birtel said the flight was designed to test various systems on the plane. After further ground tests, Boeing will conduct another flight to demonstrate the safety of a redesigned battery system to Federal Aviation Administration officials, Birtel said.

The timing of that next flight is uncertain, but Boeing hopes that the 787 fleet will be back in the air within weeks, not months.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel