boeing investors got two bits of good news monday that were 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
of the 787 twin aisle jet in today's video we're going to talk about biggest boeing news
so without any further ado let's begin the us federal aviation administration faa on friday
approved boeing inspection and modification plan to resume deliveries of 787 dreamliners
two people briefed on the matter told reuters the faa approved boeing's proposal that requires
specific inspections to verify the condition of the airplane meets requirements and that all
work has been completed a move that should allow boeing ba to resume deliveries in august after it
halted them in may 2021 the sources said the faa agreement is a milestone for the company but it
won't immediately resume sales a total of 120 of the jets which retail for as much as 338 million
dollars had been constructed but were parked and waiting for the faa's approval to resume
sales according to the company issues with the 787 started in 2020 when small gaps were found between
panels of the fuselage that are made of carbon composites and material that prompted inspections
that turned up problems with the pressurization bulkhead at the front of the plane boeing also
had to replace titanium parts including fasteners after was discovered that the italian supplier
used alloys that did not meet faa standards boeing has maintained that none of the issues raised
immediate safety concerns it's not clear how long it'll take boeing to deliver all 120 backlog
planes which were built at factories in washington state and south carolina each one will need to
be cleared by the faa we believe this news is a needed catalyst for the sector considering ba has
only delivered 14787 over the past two years wrote truist secretaries analyst michael chiarmoli in a
no declines supplier 77 rebs have been running on fumes and we anticipate a gradual ramp in monthly
production through the end of 2022 and into 2023 could provide a lift to industry financials
in the aftermath of two fatal 737 max crashes in 2018 and 2019 the fae pledged
to more closely scrutinize boeing and delegate few responsibilities to boeing for aircraft
certification american airlines has said it'd expect to take possession of nine of the jets
by the end of the year including the first two by the end of august to begin flying in
november lufthansa also predicted earlier this year that it would take delivery of the first of
the 327879 jets it has on an order by the end of the summer during an interview at the farnborough
air show 2022 stan deal the president and ceo of boeing commercial airplanes stated that boeing
will ramp up production as it reduces the inventory of undelivered dreamliners
boeing reportedly will ramp up production to three dreamliners per month up from the current rate
of one it'll further increase to five jets per month in six months time at the presentation of
second quarter results boeing's cfo brian west said that it had 120 of the 787s in inventory
and was making progress completely the necessary rework to prepare them for delivery the resumption
of shipments will mark a financial turnaround for boeing after years of operational lapses that have
frustrated customers suppliers and investors it's also a potential catalyst for building
shares since the arlington virginia-based company will start to unlock nearly 10 billion dollars
in cash tie-up and dreamliners smashed around its factories and in desert storage according
to rob springer an analyst with milius research last month delta airlines announced a new deal
to purchase 100 boeing 737 max 10 airplanes worth about 13.5 billion dollars at list prices
with an option to buy 30 more in the future shares of hexel which makes materials used in commercial
aerospace the space and defense industries rose 1.3 on monday xl's composite materials are used
extensively on the 787 dreamliner according to the company shares of hexil have risen 18.3
percent in 2022 shares of combat airspace which makes aluminum parts for aircraft rose to 0.2
the company's shares have risen 16.9 this year now that we've come to the end of this video
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